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China Hi-Tech Group Co (SHSE:600730) Receivables Turnover : 1.93 (As of Dec. 2023)


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What is China Hi-Tech 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. China Hi-Tech Group Co's Revenue for the three months ended in Dec. 2023 was ¥30.2 Mil. China Hi-Tech Group Co's average Accounts Receivable for the three months ended in Dec. 2023 was ¥15.7 Mil. Hence, China Hi-Tech Group Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.93.

China Hi-Tech Group Co Receivables Turnover Historical Data

The historical data trend for China Hi-Tech 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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China Hi-Tech Group Co Receivables Turnover Chart

China Hi-Tech Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.41 32.10 31.05 15.20 9.43

China Hi-Tech Group Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.11 2.35 2.40 1.52 1.93

Competitive Comparison of China Hi-Tech Group Co's Receivables Turnover

For the Education & Training Services subindustry, China Hi-Tech 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.

China Hi-Tech Group Co's Receivables Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, China Hi-Tech Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Hi-Tech Group Co's Receivables Turnover falls into.


China Hi-Tech Group Co Receivables Turnover Calculation

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

China Hi-Tech 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 )
=123.178 / ((11.758 + 14.369) / 2 )
=123.178 / 13.0635
=9.43

China Hi-Tech 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: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=30.23 / ((16.954 + 14.369) / 2 )
=30.23 / 15.6615
=1.93

* 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.

China Hi-Tech Group Co  (SHSE:600730) 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 Hi-Tech Group Co Receivables Turnover Related Terms

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China Hi-Tech Group Co (SHSE:600730) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Hi-Tech Group Co Ltd (SHSE:600730) » Definitions » Receivables Turnover
Comparable Companies
SZSE:300864 SHSE:600661 SHSE:603377 SZSE:300359 SZSE:003032 SZSE:300654 SHSE:605098 SZSE:300282 SZSE:300559 SZSE:000526 EDU TAL LOPE GHC ASX:IEL SZSE:300364 HKSE:01797 LRN STRA SZSE:002607
Traded in Other Exchanges
N/A
Address
No. 1122 Xinjinqiao Road, Fangzheng Building, 9-10F, Pudong, Shanghai, Shanghai, CHN, 201216
Website
http://www.chinahitech.com.cn
China Hi-Tech Group Co Ltd is engaged in the education sector. The company provides education and training services. The company is also involved in education investment and educational research.

China Hi-Tech Group Co (SHSE:600730) Headlines

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