Shenzhen Honor Electronic Co (SZSE:300870) Receivables Turnover : 0.79 (As of Mar. 2024)

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What is Shenzhen Honor Electronic 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. Shenzhen Honor Electronic Co's Revenue for the three months ended in Mar. 2024 was ¥696 Mil. Shenzhen Honor Electronic Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥876 Mil. Hence, Shenzhen Honor Electronic Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.79.

Shenzhen Honor Electronic Co Receivables Turnover Historical Data

The historical data trend for Shenzhen Honor Electronic 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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Shenzhen Honor Electronic Co Receivables Turnover Chart

Shenzhen Honor Electronic Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.52

3.70

3.46

3.35

3.36

Shenzhen Honor Electronic 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															0.71	1.02	0.87	0.90	0.79

Competitive Comparison of Shenzhen Honor Electronic Co's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Shenzhen Honor Electronic 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.

Shenzhen Honor Electronic Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shenzhen Honor Electronic Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shenzhen Honor Electronic Co's Receivables Turnover falls into.

Shenzhen Honor Electronic Co Receivables Turnover Calculation

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

Shenzhen Honor Electronic 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 )
=	2869.999	/ (	(816.049	+	890.787)	/	2 )
=	2869.999	/	853.418
=	3.36

Shenzhen Honor Electronic 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 )
=	695.862	/ (	(890.787	+	861.175)	/	2 )
=	695.862	/	875.981
=	0.79

Shenzhen Honor Electronic Co (SZSE:300870) 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.

Shenzhen Honor Electronic Co Receivables Turnover Related Terms

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Shenzhen Honor Electronic Co (SZSE:300870) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Honor Electronic Co Ltd (SZSE:300870) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

ushu 2nd Road, Xixiang Street, Building 1, 2, and 3 of Xinghui Industrial Plant Area, Buildings A, B and C of Xinghui Science Park, Baoan District, Guangdong Province, Shenzhen, CHN, 518000

Website

http://www.honor-cn.com

Shenzhen Honor Electronic Co Ltd is engaged in production and sales of switching power supply products. The company supplies switching power adapter and IPC and provides Quick charge, type-C charger, PD Power Supply and intelligent home devices. Its product categories include Structure; PD Power; Power; Safety Segulation; Lightning Stroke; and Standard.

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