Hunan Sund Technological (SZSE:301548) Receivables Turnover : 0.50 (As of Mar. 2024)

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What is Hunan Sund Technological 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 Sund Technological's Revenue for the three months ended in Mar. 2024 was ¥114.7 Mil. Hunan Sund Technological's average Accounts Receivable for the three months ended in Mar. 2024 was ¥227.3 Mil. Hence, Hunan Sund Technological's Receivables Turnover for the three months ended in Mar. 2024 was 0.50.

Hunan Sund Technological Receivables Turnover Historical Data

The historical data trend for Hunan Sund Technological'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 Sund Technological Receivables Turnover Chart

Hunan Sund Technological Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.93

2.55

3.05

2.61

2.48

Hunan Sund Technological Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial									0.59	0.67	0.58	0.61	0.50

Competitive Comparison of Hunan Sund Technological's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Hunan Sund Technological'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 Sund Technological's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hunan Sund Technological's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hunan Sund Technological's Receivables Turnover falls into.

Hunan Sund Technological Receivables Turnover Calculation

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

Hunan Sund Technological'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 )
=	523.194	/ (	(195.672	+	226.805)	/	2 )
=	523.194	/	211.2385
=	2.48

Hunan Sund Technological'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 )
=	114.749	/ (	(226.805	+	227.891)	/	2 )
=	114.749	/	227.348
=	0.50

Hunan Sund Technological (SZSE:301548) 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 Sund Technological Receivables Turnover Related Terms

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Hunan Sund Technological (SZSE:301548) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hunan Sund Technological Corp (SZSE:301548) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

No. 9, Chayuan Road, High-tech Zone, Hunan, Xiangtan, CHN, 411102

Website

http://www.hnsund.com

Hunan Sund Technological Corp is engaged in research & development, design, production and sales of dynamic pressure oil film sliding bearings, sales of rolling bearings and related products, etc. It is a leading bearing supplier of bearing products and integral solutions for transmission systems.

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