China Huajun Group (HKSE:00377) Receivables Turnover

: 0.90 (As of Jun. 2023)

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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. China Huajun Group's Revenue for the six months ended in Jun. 2023 was HK$2,208 Mil. China Huajun Group's average Accounts Receivable for the six months ended in Jun. 2023 was HK$2,461 Mil. Hence, China Huajun Group's Receivables Turnover for the six months ended in Jun. 2023 was 0.90.

China Huajun Group Receivables Turnover Historical Data

The historical data trend for China Huajun Group'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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China Huajun Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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16.62

14.77

5.92

1.72

2.69

China Huajun Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.36	0.91	0.81	0.90	0.34

Competitive Comparison

For the Specialty Chemicals subindustry, China Huajun Group'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.

China Huajun Group Receivables Turnover Distribution

For the Chemicals industry and Basic Materials sector, China Huajun Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Huajun Group's Receivables Turnover falls into.

China Huajun Group Receivables Turnover Calculation

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

China Huajun Group's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	1832.728	/ (	(1157.729	+	978.74)	/	2 )
=	1832.728	/	1068.2345
=	1.72

China Huajun Group's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	2207.998	/ (	(978.74	+	3942.434)	/	2 )
=	2207.998	/	2460.587
=	0.90

China Huajun Group (HKSE:00377) 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.

China Huajun Group Receivables Turnover Related Terms

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China Huajun Group (HKSE:00377) Business Description

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Address

6-8 Harbour Road, Suites 903-905, 9th Floor, Shui On Centre, Wan Chai, Hong Kong, HKG

Website

https://www.chinahuajungroup.com

China Huajun Group Ltd is an investment holding company. It operates in five segments: Printing, Trading & Logistics, Property Development & Investments, Solar Photovoltaic, and Financial Services. The majority of its revenue comes from the Trading & logistics segment, which is involved in trading, logistics, and supply chain management. Its geographical segments are China, the United States, Hong Kong, European countries, and other countries, of which the United States accounts for the vast majority of its revenue.

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