Hengxin Technology (HKSE:01085) Receivables Turnover : 1.53 (As of Dec. 2023)

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What is Hengxin Technology 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. Hengxin Technology's Revenue for the six months ended in Dec. 2023 was HK$1,299 Mil. Hengxin Technology's average Accounts Receivable for the six months ended in Dec. 2023 was HK$847 Mil. Hence, Hengxin Technology's Receivables Turnover for the six months ended in Dec. 2023 was 1.53.

Hengxin Technology Receivables Turnover Historical Data

The historical data trend for Hengxin Technology'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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Hengxin Technology Receivables Turnover Chart

Hengxin Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

2.06

2.02

2.54

2.71

3.19

Hengxin Technology Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.64	1.15	1.32	1.58	1.53

Competitive Comparison of Hengxin Technology's Receivables Turnover

For the Communication Equipment subindustry, Hengxin Technology'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.

Hengxin Technology's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hengxin Technology's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hengxin Technology's Receivables Turnover falls into.

Hengxin Technology Receivables Turnover Calculation

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

Hengxin Technology'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 )
=	2467.459	/ (	(667.695	+	878.811)	/	2 )
=	2467.459	/	773.253
=	3.19

Hengxin Technology'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1298.657	/ (	(816.141	+	878.811)	/	2 )
=	1298.657	/	847.476
=	1.53

Hengxin Technology (HKSE:01085) 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.

Hengxin Technology Receivables Turnover Related Terms

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Hengxin Technology (HKSE:01085) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hengxin Technology Ltd (HKSE:01085) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Tampines Central 1, No. 06-05 Tampines Plaza 2, Singapore, SGP, 529541

Website

https://www.hengxin.com.sg

Hengxin Technology Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the manufacturing of radio frequency (RF) coaxial cable series for mobile communications. It operates in the segments of Radiofrequency coaxial cables, Telecommunication and accessories, and Antennas. Its product portfolio includes RF coaxial cable series for mobile communications, coaxial cables for telecommunications equipment and accessories, and other products which include high-temperature-resistant cables and antennas. It derives a majority of its revenue from the sale of Radiofrequency coaxial cables.

Executives

Kingever Enterprises Limited	2101 Beneficial owner
Cui Wei	2201 Interest of corporation controlled by you

Hengxin Technology (HKSE:01085) Headlines

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