Guangdong Hongxing Industrial Co (SZSE:001209) Receivables Turnover : 4.47 (As of Sep. 2023)

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What is Guangdong Hongxing Industrial 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. Guangdong Hongxing Industrial Co's Revenue for the three months ended in Sep. 2023 was ¥352 Mil. Guangdong Hongxing Industrial Co's average Accounts Receivable for the three months ended in Sep. 2023 was ¥79 Mil. Hence, Guangdong Hongxing Industrial Co's Receivables Turnover for the three months ended in Sep. 2023 was 4.47.

Guangdong Hongxing Industrial Co Receivables Turnover Historical Data

The historical data trend for Guangdong Hongxing Industrial 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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Guangdong Hongxing Industrial Co Receivables Turnover Chart

Guangdong Hongxing Industrial Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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19.69

16.22

16.38

12.24

Guangdong Hongxing Industrial Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial													4.05	4.13	2.96	3.90	4.47

Competitive Comparison of Guangdong Hongxing Industrial Co's Receivables Turnover

For the Apparel Manufacturing subindustry, Guangdong Hongxing Industrial 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.

Guangdong Hongxing Industrial Co's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Guangdong Hongxing Industrial Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Guangdong Hongxing Industrial Co's Receivables Turnover falls into.

Guangdong Hongxing Industrial Co Receivables Turnover Calculation

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

Guangdong Hongxing Industrial Co'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 )
=	1327.95	/ (	(95.549	+	121.494)	/	2 )
=	1327.95	/	108.5215
=	12.24

Guangdong Hongxing Industrial Co's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	352.224	/ (	(55.928	+	101.74)	/	2 )
=	352.224	/	78.834
=	4.47

Guangdong Hongxing Industrial Co (SZSE:001209) 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.

Guangdong Hongxing Industrial Co Receivables Turnover Related Terms

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Guangdong Hongxing Industrial Co (SZSE:001209) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Guangdong Hongxing Industrial Co Ltd (SZSE:001209) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

East of Village Road, Xiashan Yangnei Village, Guangdong Province Hongxing Industrial Zone, Chaonan District, Shantou, CHN, 515144

Website

http://www.hongxinggf.com

Guangdong Hongxing Industrial Co Ltd is engaged in the research and development, production and sales of home apparel products. It provides consumers with apparel products through physical, platform e-commerce and social e-commerce channels.

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