Hainan Strait Shipping Co (SZSE:002320) Receivables Turnover : 11.72 (As of Mar. 2024)

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What is Hainan Strait Shipping 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. Hainan Strait Shipping Co's Revenue for the three months ended in Mar. 2024 was ¥1,389 Mil. Hainan Strait Shipping Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥119 Mil. Hence, Hainan Strait Shipping Co's Receivables Turnover for the three months ended in Mar. 2024 was 11.72.

Hainan Strait Shipping Co Receivables Turnover Historical Data

The historical data trend for Hainan Strait Shipping 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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Hainan Strait Shipping Co Receivables Turnover Chart

Hainan Strait Shipping Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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92.77

53.69

74.79

206.80

99.62

Hainan Strait Shipping 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															12.59	5.84	5.03	7.54	11.72

Competitive Comparison of Hainan Strait Shipping Co's Receivables Turnover

For the Marine Shipping subindustry, Hainan Strait Shipping 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.

Hainan Strait Shipping Co's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hainan Strait Shipping Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hainan Strait Shipping Co's Receivables Turnover falls into.

Hainan Strait Shipping Co Receivables Turnover Calculation

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

Hainan Strait Shipping 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 )
=	3931.581	/ (	(18.163	+	60.769)	/	2 )
=	3931.581	/	39.466
=	99.62

Hainan Strait Shipping 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 )
=	1389.194	/ (	(60.769	+	176.294)	/	2 )
=	1389.194	/	118.5315
=	11.72

Hainan Strait Shipping Co (SZSE:002320) 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.

Hainan Strait Shipping Co Receivables Turnover Related Terms

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Hainan Strait Shipping Co (SZSE:002320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hainan Strait Shipping Co Ltd (SZSE:002320) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

East Ocean Building, 7th Floor, Binhai Road, Haikou, CHN, 570311

Website

http://www.hnss.net.cn

Hainan Strait Shipping Co Ltd is a China-based company principally engaged in the passenger transportation business. The company is also involved in logistics and tourism. Hainan Strait Shipping Co. Ltd. has approximately 18 passenger ships in operation, with a total of more than 700 seats.

Executives

Lin Hai	Supervisors
Zhang Zi Xin	Executives
Chen Xue Si	Supervisors
Chen Bo	Executives
Lin Jian	Director
Li Wei	Director

Hainan Strait Shipping Co (SZSE:002320) Headlines

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