Dongjiang Environmental Co (HKSE:00895) Receivables Turnover : 0.98 (As of Dec. 2023)

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What is Dongjiang Environmental 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. Dongjiang Environmental Co's Revenue for the three months ended in Dec. 2023 was HK$1,119 Mil. Dongjiang Environmental Co's average Accounts Receivable for the three months ended in Dec. 2023 was HK$1,138 Mil. Hence, Dongjiang Environmental Co's Receivables Turnover for the three months ended in Dec. 2023 was 0.98.

Dongjiang Environmental Co Receivables Turnover Historical Data

The historical data trend for Dongjiang Environmental 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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Dongjiang Environmental Co Receivables Turnover Chart

Dongjiang Environmental Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.53

3.05

3.69

3.39

3.71

Dongjiang Environmental 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															0.80	1.16	0.92	0.98	0.77

Competitive Comparison of Dongjiang Environmental Co's Receivables Turnover

For the Waste Management subindustry, Dongjiang Environmental 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.

Dongjiang Environmental Co's Receivables Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Dongjiang Environmental Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Dongjiang Environmental Co's Receivables Turnover falls into.

Dongjiang Environmental Co Receivables Turnover Calculation

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

Dongjiang Environmental 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 )
=	4386.118	/ (	(1249.078	+	1117.785)	/	2 )
=	4386.118	/	1183.4315
=	3.71

Dongjiang Environmental Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1119.318	/ (	(1157.291	+	1117.785)	/	2 )
=	1119.318	/	1137.538
=	0.98

Dongjiang Environmental Co (HKSE:00895) 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.

Dongjiang Environmental Co Receivables Turnover Related Terms

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Dongjiang Environmental Co (HKSE:00895) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Dongjiang Environmental Co Ltd (HKSE:00895) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

DGN:Germany 002672:China

Address

No. 9 Langshan Road, 1st Floor, 3rd Floor, North of 8th Floor, 9th-12th Floor, Dongjiang Environmental Building, North Zone of Hi-tech Industrial Park, Nanshan, Shenzhen, CHN

Website

https://www.dongjiang.com.cn

Dongjiang Environmental Co Ltd is an investment holding company principally engaged in waste treatment businesses. It operates in the following segments: Industrial waste recycling; Industrial waste treatment and disposal; Rare and precious metals recycling; Municipal waste treatment and disposal; Renewable energy utilization; Environmental engineering and services and others; as well as Household appliances dismantling.

Executives

Guang Dong Sheng Guang Cheng Zi Chan Jing Ying You Xian Gong Si	2201 Interest of corporation controlled by you
Jiang Su Hui Hong Chuang Ye Tou Zi You Xian Gong Si	2101 Beneficial owner
Jiang Su Su Hui Zi Chan Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you

Dongjiang Environmental Co (HKSE:00895) Headlines

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