What is CITIC Resources Holdings 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. CITIC Resources Holdings's Revenue for the
six
months ended in Dec. 2023 was HK$1,782 Mil. CITIC Resources Holdings's average Accounts Receivable for the
six
months ended in Dec. 2023 was HK$327 Mil.
Hence, CITIC Resources Holdings's Receivables Turnover for the
six
months ended in Dec. 2023 was 5.45.
CITIC Resources Holdings Receivables Turnover Historical Data
The historical data trend for CITIC Resources Holdings'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.
Competitive Comparison of CITIC Resources Holdings's Receivables Turnover
For the Other Industrial Metals & Mining subindustry, CITIC Resources Holdings'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.
CITIC Resources Holdings's Receivables Turnover Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, CITIC Resources Holdings's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where CITIC Resources Holdings's Receivables Turnover falls into.
* 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.
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.
CITIC Resources Holdings Receivables Turnover Related Terms
Thank you for viewing the detailed overview of CITIC Resources Holdings's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
CITIC Resources Holdings (HKSE:01205) Business Description
CITIC Resources Holdings Ltd is a provider of strategic natural resources and key commodities. Its activities are the export of commodity products including aluminum ingots, coal, iron ore, alumina, and copper; and the import of other commodity products and manufactured goods including steel, vehicle, and industrial batteries. It has four operating segments; the aluminum smelting segment comprises the operation of the PAS which sources alumina and produces aluminum ingots, the coal segment comprises the operation of coal mines and the sale of coal, the import and export of commodities segment comprises the import of other commodity products and manufactured goods such as steel, and the crude oil segment comprises the operation of oilfields and the sale of crude oil.
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