Hunan Junxin Environmental Protection Co (SZSE:301109) Receivables Turnover : 0.69 (As of Mar. 2024)

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What is Hunan Junxin Environmental Protection 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. Hunan Junxin Environmental Protection Co's Revenue for the three months ended in Mar. 2024 was ¥497 Mil. Hunan Junxin Environmental Protection Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥724 Mil. Hence, Hunan Junxin Environmental Protection Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.69.

Hunan Junxin Environmental Protection Co Receivables Turnover Historical Data

The historical data trend for Hunan Junxin Environmental Protection 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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Hunan Junxin Environmental Protection Co Receivables Turnover Chart

Hunan Junxin Environmental Protection Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.96

7.82

8.80

3.66

2.79

Hunan Junxin Environmental Protection Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.62	0.65	0.88	0.66	0.69

Competitive Comparison of Hunan Junxin Environmental Protection Co's Receivables Turnover

For the Waste Management subindustry, Hunan Junxin Environmental Protection 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.

Hunan Junxin Environmental Protection Co's Receivables Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Hunan Junxin Environmental Protection Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hunan Junxin Environmental Protection Co's Receivables Turnover falls into.

Hunan Junxin Environmental Protection Co Receivables Turnover Calculation

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

Hunan Junxin Environmental Protection 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 )
=	1857.449	/ (	(562.882	+	766.485)	/	2 )
=	1857.449	/	664.6835
=	2.79

Hunan Junxin Environmental Protection 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 )
=	497.39	/ (	(766.485	+	682.412)	/	2 )
=	497.39	/	724.4485
=	0.69

Hunan Junxin Environmental Protection Co (SZSE:301109) 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.

Hunan Junxin Environmental Protection Co Receivables Turnover Related Terms

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Hunan Junxin Environmental Protection Co (SZSE:301109) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Hunan Junxin Environmental Protection Co Ltd (SZSE:301109) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Office Building, Hunan Junxin Environmental Protection, Qiaoyi Town, Wangcheng District, Hunan Province, Changsha, CHN, 410200

Website

https://www.junxinep.com

Hunan Juxin Enviromental Protection Co Ltd is a professional environmental protection enterprise engaged in the treatment of domestic waste, landfill leachate, municipal sludge, fly ash and other urban solid waste, integrating investment and construction, technology research and development, and operation and management.

Executives

He Ying Pin	Director
Dai Dao Guo	Director

Hunan Junxin Environmental Protection Co (SZSE:301109) Headlines

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