China Renewable Energy Investment (HKSE:00987) Receivables Turnover : 0.29 (As of Dec. 2023)

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What is China Renewable Energy Investment 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 Renewable Energy Investment's Revenue for the six months ended in Dec. 2023 was HK$83.5 Mil. China Renewable Energy Investment's average Accounts Receivable for the six months ended in Dec. 2023 was HK$292.0 Mil. Hence, China Renewable Energy Investment's Receivables Turnover for the six months ended in Dec. 2023 was 0.29.

China Renewable Energy Investment Receivables Turnover Historical Data

The historical data trend for China Renewable Energy Investment'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 Renewable Energy Investment Receivables Turnover Chart

China Renewable Energy Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.95

1.19

0.92

0.63

0.61

China Renewable Energy Investment Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.39	0.32	0.27	0.33	0.29

Competitive Comparison of China Renewable Energy Investment's Receivables Turnover

For the Utilities - Renewable subindustry, China Renewable Energy Investment'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 Renewable Energy Investment's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where China Renewable Energy Investment's Receivables Turnover falls into.

China Renewable Energy Investment Receivables Turnover Calculation

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

China Renewable Energy Investment'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 )
=	181.337	/ (	(300.59	+	289.572)	/	2 )
=	181.337	/	295.081
=	0.61

China Renewable Energy Investment'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	83.517	/ (	(294.364	+	289.572)	/	2 )
=	83.517	/	291.968
=	0.29

China Renewable Energy Investment (HKSE:00987) 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 Renewable Energy Investment Receivables Turnover Related Terms

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China Renewable Energy Investment (HKSE:00987) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Renewable Energy Investment Ltd (HKSE:00987) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

75 Mody Road, 9th Floor, Tower 1, South Seas Centre, Tsimshatsui East, Kowloon, Hong Kong, HKG

Website

https://www.cre987.com

China Renewable Energy Investment Ltd is an investment holding company. The principal activity of the group is the renewable energy business. It conducts a majority of its business operations in the People's Republic of China. The company's sales of electricity were all generated by the wind power plants and a distributed solar project of the group. Some of its projects are Danjinghe, Nanxun, Mudanjiang, and Songxian, among others.

Executives

Claudio Holdings Limited	2201 Interest of corporation controlled by you
Hkc (holdings) Limited	2201 Interest of corporation controlled by you
Oei Kang, Eric	2201 Interest of corporation controlled by you
Oei Valonia Lau	2202 Interest of your spouse
Genesis Capital Group Limited	2101 Beneficial owner
Creator Holdings Limited	2101 Beneficial owner

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