Hangzhou Huaxing Chuangye Communication Technology Co (SZSE:300025) Receivables Turnover : 0.37 (As of Mar. 2024)

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What is Hangzhou Huaxing Chuangye Communication Technology 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. Hangzhou Huaxing Chuangye Communication Technology Co's Revenue for the three months ended in Mar. 2024 was ¥159.1 Mil. Hangzhou Huaxing Chuangye Communication Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥424.6 Mil. Hence, Hangzhou Huaxing Chuangye Communication Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.37.

Hangzhou Huaxing Chuangye Communication Technology Co Receivables Turnover Historical Data

The historical data trend for Hangzhou Huaxing Chuangye Communication Technology 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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Hangzhou Huaxing Chuangye Communication Technology Co Receivables Turnover Chart

Hangzhou Huaxing Chuangye Communication Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.03

1.06

1.34

1.50

1.73

Hangzhou Huaxing Chuangye Communication Technology 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															0.38	0.44	0.46	0.46	0.37

Competitive Comparison of Hangzhou Huaxing Chuangye Communication Technology Co's Receivables Turnover

For the Telecom Services subindustry, Hangzhou Huaxing Chuangye Communication Technology 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.

Hangzhou Huaxing Chuangye Communication Technology Co's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Hangzhou Huaxing Chuangye Communication Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hangzhou Huaxing Chuangye Communication Technology Co's Receivables Turnover falls into.

Hangzhou Huaxing Chuangye Communication Technology Co Receivables Turnover Calculation

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

Hangzhou Huaxing Chuangye Communication Technology 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 )
=	705.445	/ (	(399.042	+	414.797)	/	2 )
=	705.445	/	406.9195
=	1.73

Hangzhou Huaxing Chuangye Communication Technology 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 )
=	159.062	/ (	(414.797	+	434.312)	/	2 )
=	159.062	/	424.5545
=	0.37

Hangzhou Huaxing Chuangye Communication Technology Co (SZSE:300025) 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.

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Hangzhou Huaxing Chuangye Communication Technology Co (SZSE:300025) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Hangzhou Huaxing Chuangye Communication Technology Co Ltd (SZSE:300025) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 500, Jucai Road, Changhe Street, Binjiang District, Zhejiang, Hangzhou, CHN, 310052

Website

http://www.hxcy.com.cn

Hangzhou Huaxing Chuangye Communication Technology Co Ltd is engaged in providing mobile communication technology services and internet data services. The service provided by the company include mobile communication networks, engineering construction, room division engineering, network foundation generation, and network evaluation and optimization.

Executives

Xia Jian Miao	Supervisors
Zhang Min	Executives
Shou Zou	Independent director
Bao Hang	Directors, Directors, and Executives
Cheng Xiao Yan	Director
Qu Zhen Sheng	Directors, executives
Chen Jin Guang	Directors, executives
Li Hua	Executives
Du Guang Ming	Supervisors
Huang Bo	Supervisors
Zhou You	Executives
Liu Han	Supervisors

Hangzhou Huaxing Chuangye Communication Technology Co (SZSE:300025) Headlines

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