Jiangsu Huachang Chemical Co (SZSE:002274) Receivables Turnover : 14.46 (As of Mar. 2024)

View and export this data going back to 2008. Start your Free Trial

What is Jiangsu Huachang Chemical 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. Jiangsu Huachang Chemical Co's Revenue for the three months ended in Mar. 2024 was ¥1,976 Mil. Jiangsu Huachang Chemical Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥137 Mil. Hence, Jiangsu Huachang Chemical Co's Receivables Turnover for the three months ended in Mar. 2024 was 14.46.

Jiangsu Huachang Chemical Co Receivables Turnover Historical Data

The historical data trend for Jiangsu Huachang Chemical 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.

* Premium members only.

Jiangsu Huachang Chemical Co Receivables Turnover Chart

Jiangsu Huachang Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

53.80

60.70

69.19

50.93

52.68

Jiangsu Huachang Chemical 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															13.07	14.04	12.19	15.06	14.46

Competitive Comparison of Jiangsu Huachang Chemical Co's Receivables Turnover

For the Agricultural Inputs subindustry, Jiangsu Huachang Chemical 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.

Jiangsu Huachang Chemical Co's Receivables Turnover Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Jiangsu Huachang Chemical Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jiangsu Huachang Chemical Co's Receivables Turnover falls into.

Jiangsu Huachang Chemical Co Receivables Turnover Calculation

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

Jiangsu Huachang Chemical 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 )
=	8214.568	/ (	(171.159	+	140.736)	/	2 )
=	8214.568	/	155.9475
=	52.68

Jiangsu Huachang Chemical 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 )
=	1976.258	/ (	(140.736	+	132.679)	/	2 )
=	1976.258	/	136.7075
=	14.46

Jiangsu Huachang Chemical Co (SZSE:002274) 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.

Jiangsu Huachang Chemical Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Jiangsu Huachang Chemical Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Jiangsu Huachang Chemical Co (SZSE:002274) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Jiangsu Huachang Chemical Co Ltd (SZSE:002274) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Nanhai Road, Yangzi River International Chemical Industrial Park, Jingang Town Duty-Free Zone, Jiangsu Province, Zhangjiagang, CHN, 215634

Website

http://www.huachangchem.cn

Jiangsu Huachang Chemical Co Ltd is a China based manufacturer and distributor of chemical fertilizers, pure soda and fine chemical products. Its product portfolio includes agrochemicals like synthetic ammonia, Urea ammonium chloride, mixed fertilizer; basic chemicals like sodium carbonate; and fine chemicals and biochemical products like polypeptide, ethylene imine, refined methanol, sodium borohydride and amino acid series, and other products.

Executives

Zhu Yu Jian	Director
Chen He Ping	Independent director
Jiang Xiao Ning	Directors, Directors, and Executives
Ye Shi Xun	Supervisors
You Jian Xin	Director
He Xiao Wei	Executives

Jiangsu Huachang Chemical Co (SZSE:002274) Headlines

No Headlines