Suzhou Hesheng Special Material Co (SZSE:002290) Receivables Turnover : 1.41 (As of Mar. 2024)

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What is Suzhou Hesheng Special Material 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. Suzhou Hesheng Special Material Co's Revenue for the three months ended in Mar. 2024 was ¥549 Mil. Suzhou Hesheng Special Material Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥389 Mil. Hence, Suzhou Hesheng Special Material Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.41.

Suzhou Hesheng Special Material Co Receivables Turnover Historical Data

The historical data trend for Suzhou Hesheng Special Material 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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Suzhou Hesheng Special Material Co Receivables Turnover Chart

Suzhou Hesheng Special Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.76

5.45

6.62

6.23

6.00

Suzhou Hesheng Special Material 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															1.36	1.56	1.58	1.52	1.41

Competitive Comparison of Suzhou Hesheng Special Material Co's Receivables Turnover

For the Chemicals subindustry, Suzhou Hesheng Special Material 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.

Suzhou Hesheng Special Material Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Suzhou Hesheng Special Material Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Suzhou Hesheng Special Material Co's Receivables Turnover falls into.

Suzhou Hesheng Special Material Co Receivables Turnover Calculation

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

Suzhou Hesheng Special Material 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 )
=	2340.365	/ (	(359.163	+	421.122)	/	2 )
=	2340.365	/	390.1425
=	6.00

Suzhou Hesheng Special Material 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 )
=	549.153	/ (	(421.122	+	357.473)	/	2 )
=	549.153	/	389.2975
=	1.41

Suzhou Hesheng Special Material Co (SZSE:002290) 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.

Suzhou Hesheng Special Material Co Receivables Turnover Related Terms

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Suzhou Hesheng Special Material Co (SZSE:002290) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Suzhou Hesheng Special Material Co Ltd (SZSE:002290) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No.135 Wangdun Road, Room 2408, Building 1, Rongsheng Business Center, Suzhou Industrial Park, Jiangsu Province, Suzhou, CHN, 215000

Website

http://www.szhssm.com.cn

Suzhou Hesheng Special Material Co Ltd is engaged in the production of composite materials for home appliances. The business of the company includes substrate performance and application testing, research and development of high performance surface materials, and technical services for materials applications.

Executives

Wang Wen Qi	Secretary, Director
Zhang Xiao Xuan	Director
Ren Jie	Director
Zhao Dong Ming	Director
Zhang Wen Hua	Directors, executives
Yuan Wen Xiong	Directors, Directors, and Executives
Zhang Fu Jun	Executives
Guo Hong Bin	Executives

Suzhou Hesheng Special Material Co (SZSE:002290) Headlines

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