China Railway Construction (FRA:4FF) Receivables Turnover : 1.64 (As of Mar. 2024)

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What is China Railway Construction 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. China Railway Construction's Revenue for the three months ended in Mar. 2024 was €35,125 Mil. China Railway Construction's average Accounts Receivable for the three months ended in Mar. 2024 was €21,381 Mil. Hence, China Railway Construction's Receivables Turnover for the three months ended in Mar. 2024 was 1.64.

China Railway Construction Receivables Turnover Historical Data

The historical data trend for China Railway Construction'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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China Railway Construction Receivables Turnover Chart

China Railway Construction Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.87

7.58

7.57

7.28

7.47

China Railway Construction 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															1.80	1.57	1.55	2.02	1.64

Competitive Comparison of China Railway Construction's Receivables Turnover

For the Engineering & Construction subindustry, China Railway Construction'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.

China Railway Construction's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, China Railway Construction's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Railway Construction's Receivables Turnover falls into.

China Railway Construction Receivables Turnover Calculation

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

China Railway Construction'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 )
=	146149.972	/ (	(19123.135	+	20010.212)	/	2 )
=	146149.972	/	19566.6735
=	7.47

China Railway Construction'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 )
=	35125.028	/ (	(20010.212	+	22751.376)	/	2 )
=	35125.028	/	21380.794
=	1.64

China Railway Construction (FRA:4FF) 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.

China Railway Construction Receivables Turnover Related Terms

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China Railway Construction (FRA:4FF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Railway Construction Corp Ltd (FRA:4FF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

01186:Hong Kong 4FF:Germany 601186:China

Address

East, No. 40 Fuxing Road, Haidian District, Beijing, CHN, 100855

Website

https://www.crcc.cn

China Railway Construction Corp Ltd operates as an infrastructure construction firm. It largely derives contracting revenue. It builds railways, highways and municipal works, such as subways and light rail systems. The company also engages in survey and design, manufacturing, logistics, and property development. It operates the following business segment: Construction; Survey, Design, and Consultancy; Manufacturing; Real Estate; and Other Business Operations. Most of the firm's revenue gets dominated by the Construction segment that engages in the construction of infrastructure such as railways, highways, metropolitan railways, and real estate projects.

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