Huizhou Speed Wireless Technology Co (SZSE:300322) Receivables Turnover : 0.77 (As of Mar. 2024)

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What is Huizhou Speed Wireless Technology Co Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Huizhou Speed Wireless Technology Co's Revenue for the three months ended in Mar. 2024 was ¥365 Mil. Huizhou Speed Wireless Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥475 Mil. Hence, Huizhou Speed Wireless Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.77.

Huizhou Speed Wireless Technology Co Receivables Turnover Historical Data

The historical data trend for Huizhou Speed Wireless Technology Co's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Huizhou Speed Wireless Technology Co Receivables Turnover Chart

Huizhou Speed Wireless Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.24

3.58

3.37

2.68

3.06

Huizhou Speed Wireless Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.68	0.88	0.87	0.83	0.77

Competitive Comparison of Huizhou Speed Wireless Technology Co's Receivables Turnover

For the Communication Equipment subindustry, Huizhou Speed Wireless Technology Co's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Huizhou Speed Wireless Technology Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Huizhou Speed Wireless Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Huizhou Speed Wireless Technology Co's Receivables Turnover falls into.

Huizhou Speed Wireless Technology Co Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Huizhou Speed Wireless Technology Co's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	1652.769	/ (	(565.182	+	513.373)	/	2 )
=	1652.769	/	539.2775
=	3.06

Huizhou Speed Wireless Technology Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	365.4	/ (	(513.373	+	435.817)	/	2 )
=	365.4	/	474.595
=	0.77

Huizhou Speed Wireless Technology Co (SZSE:300322) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Huizhou Speed Wireless Technology Co Receivables Turnover Related Terms

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Huizhou Speed Wireless Technology Co (SZSE:300322) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Huizhou Speed Wireless Technology Co Ltd (SZSE:300322) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

SX-01-02, Shangxia Section, Hi-tech District of East-river, Guangdong, Huizhou, CHN, 516255

Website

http://www.speed-hz.com

Huizhou Speed Wireless Technology Co Ltd is a manufacturer of wireless communication antennas and intelligent terminal product components. The product range consists of precision molds, plastic and metal structure, wireless charging products, fingerprint sensor module, and semiconductor packaging and testing, advanced intelligent test fixture and equipment. The products are mainly used in mobile phones, tablets, wearable devices, notebook computers, automobiles, unmanned aerial vehicles, security monitoring and other fields.

Executives

Wen Qiao Fu	Directors, executives
Yu Bin	Directors, executives
Zhu Xu Dong	Director
Yang Qiang	Executives
Zhu Kun Hua	Director
Zhang Hai Ying	Executives
Huang Gang	Executives
Zhu Xu Hua	Supervisors
Zhong Zhu Peng	Supervisors
Li Bin	Directors, executives
Lin Sheng Zhong	Director
Huang Yi Hang	Securities Affairs Representative
Sun Wen Ke	Secretary Dong
Wang Hai Bo	Executives
Zhang Qin Yu	Independent director

Huizhou Speed Wireless Technology Co (SZSE:300322) Headlines

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