China Yangtze Power Co (FRA:CYZB) Receivables Turnover : 1.90 (As of Mar. 2024)

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What is China Yangtze Power 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. China Yangtze Power Co's Revenue for the three months ended in Mar. 2024 was €1,998 Mil. China Yangtze Power Co's average Accounts Receivable for the three months ended in Mar. 2024 was €1,051 Mil. Hence, China Yangtze Power Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.90.

China Yangtze Power Co Receivables Turnover Historical Data

The historical data trend for China Yangtze Power 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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China Yangtze Power Co Receivables Turnover Chart

China Yangtze Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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17.92

17.36

15.74

7.21

6.36

China Yangtze Power 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															0.88	0.93	1.49	1.28	1.90

Competitive Comparison of China Yangtze Power Co's Receivables Turnover

For the Utilities - Independent Power Producers subindustry, China Yangtze Power 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.

China Yangtze Power Co's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, China Yangtze Power Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Yangtze Power Co's Receivables Turnover falls into.

China Yangtze Power Co Receivables Turnover Calculation

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

China Yangtze Power 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 )
=	10031.696	/ (	(2061.896	+	1092.965)	/	2 )
=	10031.696	/	1577.4305
=	6.36

China Yangtze Power 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 )
=	1998.143	/ (	(1092.965	+	1008.538)	/	2 )
=	1998.143	/	1050.7515
=	1.90

China Yangtze Power Co (FRA:CYZB) 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 Yangtze Power Co Receivables Turnover Related Terms

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China Yangtze Power Co (FRA:CYZB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Yangtze Power Co Ltd (FRA:CYZB) » Definitions » Receivables Turnover

Traded in Other Exchanges

600900:China

Address

No. 19, Financial Street, Tower B, Focus Place, Xicheng District, Beijing, CHN, 100033

Website

https://www.cypc.com.cn

China Yangtze Power Co Ltd business activities include hydroelectric power generation, power distribution and sales, overseas power station's operation, management, consultation services, investment, and financing. It has expanded its business to countries such as Germany, Peru, Brazil, and Malaysia. It has also established its power distribution and sales platforms such as Three Gorges Water Conservancy and Peru LuzdelSur. The company owns the power generation assets of four hydropower plants on the mainstream of the Yangtze River, namely Three Gorges, Gezhouba, Xiluodu, and Xiangjiaba.

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