Hailir Pesticides and Chemicals group Co (SHSE:603639) Receivables Turnover : 1.12 (As of Mar. 2024)

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What is Hailir Pesticides and Chemicals group 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. Hailir Pesticides and Chemicals group Co's Revenue for the three months ended in Mar. 2024 was ¥1,147 Mil. Hailir Pesticides and Chemicals group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,028 Mil. Hence, Hailir Pesticides and Chemicals group Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.12.

Hailir Pesticides and Chemicals group Co Receivables Turnover Historical Data

The historical data trend for Hailir Pesticides and Chemicals group 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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Hailir Pesticides and Chemicals group Co Receivables Turnover Chart

Hailir Pesticides and Chemicals group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.08

6.59

6.00

6.44

5.63

Hailir Pesticides and Chemicals group 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															1.37	1.22	0.81	0.68	1.12

Competitive Comparison of Hailir Pesticides and Chemicals group Co's Receivables Turnover

For the Agricultural Inputs subindustry, Hailir Pesticides and Chemicals group 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.

Hailir Pesticides and Chemicals group Co's Receivables Turnover Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Hailir Pesticides and Chemicals group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hailir Pesticides and Chemicals group Co's Receivables Turnover falls into.

Hailir Pesticides and Chemicals group Co Receivables Turnover Calculation

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

Hailir Pesticides and Chemicals group 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 )
=	4398.44	/ (	(772.977	+	788.87)	/	2 )
=	4398.44	/	780.9235
=	5.63

Hailir Pesticides and Chemicals group 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 )
=	1147.462	/ (	(788.87	+	1267.842)	/	2 )
=	1147.462	/	1028.356
=	1.12

Hailir Pesticides and Chemicals group Co (SHSE:603639) 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.

Hailir Pesticides and Chemicals group Co Receivables Turnover Related Terms

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Hailir Pesticides and Chemicals group Co (SHSE:603639) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Hailir Pesticides and Chemicals group Co Ltd (SHSE:603639) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.216,Guocheng Road, In Chengdong Industrial Park, 2nd Floor, Hailir Mansion, Chengyang District, Shandong Province, Qingdao, CHN, 266109

Website

http://www.hailir.cn

Hailir Pesticides and Chemicals group Co Ltd is a Chinese pesticide production enterprise as well as an integrated agrochemical group. The principal activities of the company are research, development, produce and sell pesticides and functional fertilizers. Its range of products include fungicides, herbicides, insecticides, TC products, bioassay, and fertilizers among others.

Executives

Liu Yu Long	Directors, senior managers
Tang An Rong	senior management
Li Jian Guo	Director
Xu Hong Tao	Director
Ge Yao Lun	Director
Zhang Ai Ying	Director
Ge Jia Cheng	Director

Hailir Pesticides and Chemicals group Co (SHSE:603639) Headlines

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