Hengan International Group Co (Hengan International Group Co) Receivables Turnover : 4.11 (As of Dec. 2023)

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What is Hengan International Group 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. Hengan International Group Co's Revenue for the six months ended in Dec. 2023 was $1,619 Mil. Hengan International Group Co's average Accounts Receivable for the six months ended in Dec. 2023 was $394 Mil. Hence, Hengan International Group Co's Receivables Turnover for the six months ended in Dec. 2023 was 4.11.

Hengan International Group Co Receivables Turnover Historical Data

The historical data trend for Hengan International Group 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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Hengan International Group Co Receivables Turnover Chart

Hengan International Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.77

6.50

6.55

7.23

8.26

Hengan International Group Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															3.53	3.44	3.53	4.09	4.11

Competitive Comparison of Hengan International Group Co's Receivables Turnover

For the Household & Personal Products subindustry, Hengan International Group 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.

Hengan International Group Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hengan International Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hengan International Group Co's Receivables Turnover falls into.

Hengan International Group Co Receivables Turnover Calculation

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

Hengan International Group 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 )
=	3328.749	/ (	(425.782	+	379.765)	/	2 )
=	3328.749	/	402.7735
=	8.26

Hengan International Group Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1619.469	/ (	(408.216	+	379.765)	/	2 )
=	1619.469	/	393.9905
=	4.11

Hengan International Group Co (OTCPK:HEGIF) 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.

Hengan International Group Co Receivables Turnover Related Terms

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Hengan International Group Co (Hengan International Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hengan International Group Co Ltd (OTCPK:HEGIF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

HEGIY:USA 01044:Hong Kong HGNC:Germany

Address

Hengan Industrial City, Anhai Town, Fujian Province, Jinjiang, CHN, 362261

Website

https://www.hengan.com

Hengan International is a leading personal care product manufacturer in China. Its business comprises tissue paper products (54% of sales), sanitary napkins (27% of sales), disposable diapers (5% of sales), and others.