Harbin Boshi Automation Co (SZSE:002698) Receivables Turnover : 0.65 (As of Mar. 2024)

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What is Harbin Boshi Automation 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. Harbin Boshi Automation Co's Revenue for the three months ended in Mar. 2024 was ¥662 Mil. Harbin Boshi Automation Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,018 Mil. Hence, Harbin Boshi Automation Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.65.

Harbin Boshi Automation Co Receivables Turnover Historical Data

The historical data trend for Harbin Boshi Automation 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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Harbin Boshi Automation Co Receivables Turnover Chart

Harbin Boshi Automation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.14

3.13

3.05

2.79

2.76

Harbin Boshi Automation 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															0.82	0.69	0.60	0.58	0.65

Competitive Comparison of Harbin Boshi Automation Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Harbin Boshi Automation 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.

Harbin Boshi Automation Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Harbin Boshi Automation Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Harbin Boshi Automation Co's Receivables Turnover falls into.

Harbin Boshi Automation Co Receivables Turnover Calculation

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

Harbin Boshi Automation 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 )
=	2565.409	/ (	(856.53	+	1004.337)	/	2 )
=	2565.409	/	930.4335
=	2.76

Harbin Boshi Automation 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 )
=	661.556	/ (	(1004.337	+	1031.255)	/	2 )
=	661.556	/	1017.796
=	0.65

Harbin Boshi Automation Co (SZSE:002698) 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.

Harbin Boshi Automation Co Receivables Turnover Related Terms

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Harbin Boshi Automation Co (SZSE:002698) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harbin Boshi Automation Co Ltd (SZSE:002698) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Donghu Street, Yingbin Road Concentration Zone, Harbin Development Zone, Heilongjiang Province, Harbin, CHN, 150078

Website

http://www.boshi.cn

Harbin Boshi Automation Co Ltd is engaged in manufacturing robots, and automated equipment and system solutions in China. The company's main products and services include industrial robots, automated equipment and system solutions, and provide related value-added services. The products are mainly used in the post-processing of solid materials in petrochemical, coal chemical, salt chemical, fine chemical, fertilizer, metallurgy, logistics, food, feed and other industries.

Executives

Chen Bo	Secretary, Director
Deng Xi Jun	Directors, executives
Zhang Yu Chun	Directors, executives
Wang Chun Gang	Directors, executives
Zhao Jie	Director
Cai He Gao	Director
Yu Chuan Fu	Executives
Chu Ming Zhi	Supervisors
Qi Rong Kun	Independent director

Harbin Boshi Automation Co (SZSE:002698) Headlines

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