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Foshan Haitian Flavouring and Food Co (SHSE:603288) Receivables Turnover : 37.87 (As of Mar. 2024)


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What is Foshan Haitian Flavouring and Food 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. Foshan Haitian Flavouring and Food Co's Revenue for the three months ended in Mar. 2024 was ¥7,694 Mil. Foshan Haitian Flavouring and Food Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥203 Mil. Hence, Foshan Haitian Flavouring and Food Co's Receivables Turnover for the three months ended in Mar. 2024 was 37.87.


Foshan Haitian Flavouring and Food Co Receivables Turnover Historical Data

The historical data trend for Foshan Haitian Flavouring and Food 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.

* Premium members only.

Foshan Haitian Flavouring and Food Co Receivables Turnover Chart

Foshan Haitian Flavouring and Food 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 8,067.19 1,037.03 512.70 209.54 119.35

Foshan Haitian Flavouring and Food Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 42.13 42.85 35.29 28.90 37.87

Competitive Comparison of Foshan Haitian Flavouring and Food Co's Receivables Turnover

For the Packaged Foods subindustry, Foshan Haitian Flavouring and Food 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.


Foshan Haitian Flavouring and Food Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Foshan Haitian Flavouring and Food Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Foshan Haitian Flavouring and Food Co's Receivables Turnover falls into.



Foshan Haitian Flavouring and Food Co Receivables Turnover Calculation

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

Foshan Haitian Flavouring and Food 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 )
=24559.312 / ((188.395 + 223.149) / 2 )
=24559.312 / 205.772
=119.35

Foshan Haitian Flavouring and Food 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 )
=7693.85 / ((223.149 + 183.149) / 2 )
=7693.85 / 203.149
=37.87

* 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.


Foshan Haitian Flavouring and Food Co  (SHSE:603288) 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.


Foshan Haitian Flavouring and Food Co Receivables Turnover Related Terms

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Foshan Haitian Flavouring and Food Co (SHSE:603288) Business Description

Traded in Other Exchanges
N/A
Address
16 Wensha Road Foshan, Guangdong, CHN, 528000
Foshan Haitian Flavouring and Food Company was founded in 1955 through the consolidation of 25 condiment producers in Foshan. The company mainly manufactures soy sauces, oyster sauces, dipping sauces, and seasoning sauces. It is the leading condiment producer with a number one market share in soy sauces and oyster sauces in China.

Foshan Haitian Flavouring and Food Co (SHSE:603288) Headlines

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