Shandong Humon Smelting Co (SZSE:002237) Receivables Turnover : 2,481.37 (As of Mar. 2024)

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What is Shandong Humon Smelting 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. Shandong Humon Smelting Co's Revenue for the three months ended in Mar. 2024 was ¥20,808 Mil. Shandong Humon Smelting Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥8 Mil. Hence, Shandong Humon Smelting Co's Receivables Turnover for the three months ended in Mar. 2024 was 2,481.37.

Shandong Humon Smelting Co Receivables Turnover Historical Data

The historical data trend for Shandong Humon Smelting 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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Shandong Humon Smelting Co Receivables Turnover Chart

Shandong Humon Smelting Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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394.48

586.64

1,204.88

3,089.97

8,590.13

Shandong Humon Smelting 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															1,612.48	1,275.80	1,691.34	2,654.51	2,481.37

Competitive Comparison of Shandong Humon Smelting Co's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Shandong Humon Smelting 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.

Shandong Humon Smelting Co's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Shandong Humon Smelting Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shandong Humon Smelting Co's Receivables Turnover falls into.

Shandong Humon Smelting Co Receivables Turnover Calculation

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

Shandong Humon Smelting 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 )
=	65577.042	/ (	(11.06	+	4.208)	/	2 )
=	65577.042	/	7.634
=	8,590.13

Shandong Humon Smelting 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 )
=	20807.523	/ (	(4.208	+	12.563)	/	2 )
=	20807.523	/	8.3855
=	2,481.37

Shandong Humon Smelting Co (SZSE:002237) 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.

Shandong Humon Smelting Co Receivables Turnover Related Terms

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Shandong Humon Smelting Co (SZSE:002237) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Shandong Humon Smelting Co Ltd (SZSE:002237) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Shuidao Town, Muping District, Shandong Province, Yantai, CHN, 264109

Website

http://www.hbyl.cn

Shandong Humon Smelting Co Ltd is a China-based company engaged in the exploration, mining, and smelting of gold and the manufacturing of chemical products. The main products are vitriol, gold, silver, sulfuric acid, cathode copper, electrolytic copper and ammonium phosphate, and electrolytic lead.

Executives

Zhang Jun Feng	Executives
Wang Xin En	Secretary, Director
Zhan Shu Ping	Independent director
Jiang Lan Ying	Supervisors
Wang Na	Supervisors
Zhang Yan Han	Supervisors
Gao Zheng Lin	Director
Zhang Ji Xue	Director
Wang Jia Hao	Director
Kong Tao	Supervisors
Xu Jing Xi	Director

Shandong Humon Smelting Co (SZSE:002237) Headlines

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