Anhui Province Natural Gas Development Co (SHSE:603689) Receivables Turnover : 13.58 (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Anhui Province Natural Gas Development 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. Anhui Province Natural Gas Development Co's Revenue for the three months ended in Mar. 2024 was ¥1,568 Mil. Anhui Province Natural Gas Development Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥115 Mil. Hence, Anhui Province Natural Gas Development Co's Receivables Turnover for the three months ended in Mar. 2024 was 13.58.

Anhui Province Natural Gas Development Co Receivables Turnover Historical Data

The historical data trend for Anhui Province Natural Gas Development 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.

Anhui Province Natural Gas Development Co Receivables Turnover Chart

Anhui Province Natural Gas Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

43.96

38.07

34.01

40.94

60.90

Anhui Province Natural Gas Development 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															13.30	9.35	10.83	17.29	13.58

Competitive Comparison of Anhui Province Natural Gas Development Co's Receivables Turnover

For the Oil & Gas Midstream subindustry, Anhui Province Natural Gas Development 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.

Anhui Province Natural Gas Development Co's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Anhui Province Natural Gas Development Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Anhui Province Natural Gas Development Co's Receivables Turnover falls into.

Anhui Province Natural Gas Development Co Receivables Turnover Calculation

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

Anhui Province Natural Gas Development 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 )
=	6103.877	/ (	(124.923	+	75.521)	/	2 )
=	6103.877	/	100.222
=	60.90

Anhui Province Natural Gas Development 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 )
=	1568.036	/ (	(75.521	+	155.435)	/	2 )
=	1568.036	/	115.478
=	13.58

Anhui Province Natural Gas Development Co (SHSE:603689) 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.

Anhui Province Natural Gas Development Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Anhui Province Natural Gas Development Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Anhui Province Natural Gas Development Co (SHSE:603689) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Anhui Province Natural Gas Development Co Ltd (SHSE:603689) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Dalian Road, Baohe Industrial Zone, Anhui Province, Hefei, CHN, 230051

Website

http://www.ahtrq.com

Anhui Province Natural Gas Development Co Ltd is a natural gas pipeline operator. It invests, constructs, operates and manages natural gas pipelines in Anhui Province. The company also participates in the development and construction of natural gas pipeline network in urban areas; manages natural gas resources on behalf of Anhui Province; sells natural gas; and market and competitive investment in other natural gas, CBM and other energy applications and related projects. The other business activities of the company are to invest in the development of natural gas and coal seams in the province Gas resources projects; other energy development projects; and to engage in other auxiliary businesses.

Anhui Province Natural Gas Development Co (SHSE:603689) Headlines

No Headlines