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Hunan Hualian China Industry Co (SZSE:001216) Receivables Turnover : 2.73 (As of Dec. 2023)


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What is Hunan Hualian China Industry 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. Hunan Hualian China Industry Co's Revenue for the three months ended in Dec. 2023 was ¥333 Mil. Hunan Hualian China Industry Co's average Accounts Receivable for the three months ended in Dec. 2023 was ¥122 Mil. Hence, Hunan Hualian China Industry Co's Receivables Turnover for the three months ended in Dec. 2023 was 2.73.


Hunan Hualian China Industry Co Receivables Turnover Historical Data

The historical data trend for Hunan Hualian China Industry 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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Hunan Hualian China Industry Co Receivables Turnover Chart

Hunan Hualian China Industry 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 12.38 11.11 12.30 12.06 11.20

Hunan Hualian China Industry Co Quarterly Data
Dec16 Jun17 Dec17 Dec18 Dec19 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 2.60 2.33 2.89 2.74 2.73

Competitive Comparison of Hunan Hualian China Industry Co's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Hunan Hualian China Industry 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.


Hunan Hualian China Industry Co's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Hunan Hualian China Industry Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hunan Hualian China Industry Co's Receivables Turnover falls into.



Hunan Hualian China Industry Co Receivables Turnover Calculation

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

Hunan Hualian China Industry 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 )
=1231.54 / ((120.93 + 98.908) / 2 )
=1231.54 / 109.919
=11.20

Hunan Hualian China Industry 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 )
=333.008 / ((145.085 + 98.908) / 2 )
=333.008 / 121.9965
=2.73

* 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.


Hunan Hualian China Industry Co  (SZSE:001216) 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.


Hunan Hualian China Industry Co Receivables Turnover Related Terms

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Hunan Hualian China Industry Co (SZSE:001216) Business Description

Traded in Other Exchanges
N/A
Address
No. 3, Wanyi Road, Xishan Office, Hunan Province, Liling City, CHN, 412205
Hunan Hualian China Industry Co Ltd is engaged in the research and development, design, production and sales of ceramic products. The company's products are mainly daily-use ceramics such as colored glaze ceramics and underglaze multicolored ceramics.

Hunan Hualian China Industry Co (SZSE:001216) Headlines

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