Guangdong HEC Technology Holding Co (SHSE:600673) Receivables Turnover : 1.24 (As of Mar. 2024)

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What is Guangdong HEC Technology Holding 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 HEC Technology Holding Co's Revenue for the three months ended in Mar. 2024 was ¥2,830 Mil. Guangdong HEC Technology Holding Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥2,286 Mil. Hence, Guangdong HEC Technology Holding Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.24.

Guangdong HEC Technology Holding Co Receivables Turnover Historical Data

The historical data trend for Guangdong HEC Technology Holding 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 HEC Technology Holding Co Receivables Turnover Chart

Guangdong HEC Technology Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.63

4.01

6.30

5.90

4.96

Guangdong HEC Technology Holding 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															1.23	1.06	1.21	1.18	1.24

Competitive Comparison of Guangdong HEC Technology Holding Co's Receivables Turnover

For the Electronic Components subindustry, Guangdong HEC Technology Holding 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 HEC Technology Holding Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Guangdong HEC Technology Holding Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Guangdong HEC Technology Holding Co's Receivables Turnover falls into.

Guangdong HEC Technology Holding Co Receivables Turnover Calculation

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

Guangdong HEC Technology Holding 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 )
=	10853.709	/ (	(2110.156	+	2262.159)	/	2 )
=	10853.709	/	2186.1575
=	4.96

Guangdong HEC Technology Holding 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 )
=	2829.631	/ (	(2262.159	+	2309.626)	/	2 )
=	2829.631	/	2285.8925
=	1.24

Guangdong HEC Technology Holding Co (SHSE:600673) 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 HEC Technology Holding Co Receivables Turnover Related Terms

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Guangdong HEC Technology Holding Co (SHSE:600673) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangdong HEC Technology Holding Co Ltd (SHSE:600673) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Fifth Industrial Zone, Shangsha Village, Chang'an Town, Guangdong Province, Dongguan, CHN, 523871

Website

http://www.tech.hec.cn

Guangdong HEC Technology Holding Co Ltd is engaged in the manufacture and distribution of electronic materials and alloy materials. The company's products consist of electronic foils, hydrophilic foil, electronic light foil, capacitors, magnetic materials, electronic aluminum, and others.

Executives

Zhang Yu Shuai	Director
Zhang Hong Wei	Director
Tang Xin Fa	Director
Chen Tie Sheng	Director
Wang Zhen	Director
Zhang Gao Shan	Supervisors

Guangdong HEC Technology Holding Co (SHSE:600673) Headlines

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