China Tianrui Group Cement Co (HKSE:01252) Receivables Turnover : 23.27 (As of Dec. 2023)

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What is China Tianrui Group Cement 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 Tianrui Group Cement Co's Revenue for the six months ended in Dec. 2023 was HK$4,255 Mil. China Tianrui Group Cement Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$183 Mil. Hence, China Tianrui Group Cement Co's Receivables Turnover for the six months ended in Dec. 2023 was 23.27.

China Tianrui Group Cement Co Receivables Turnover Historical Data

The historical data trend for China Tianrui Group Cement 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 Tianrui Group Cement Co Receivables Turnover Chart

China Tianrui Group Cement Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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59.96

86.37

77.04

72.03

62.03

China Tianrui Group Cement Co 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															18.50	14.31	16.56	26.37	23.27

Competitive Comparison of China Tianrui Group Cement Co's Receivables Turnover

For the Building Materials subindustry, China Tianrui Group Cement 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 Tianrui Group Cement Co's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, China Tianrui Group Cement Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Tianrui Group Cement Co's Receivables Turnover falls into.

China Tianrui Group Cement Co Receivables Turnover Calculation

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

China Tianrui Group Cement 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 )
=	8628.614	/ (	(122.125	+	156.088)	/	2 )
=	8628.614	/	139.1065
=	62.03

China Tianrui Group Cement 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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	4255.075	/ (	(209.615	+	156.088)	/	2 )
=	4255.075	/	182.8515
=	23.27

China Tianrui Group Cement Co (HKSE:01252) 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 Tianrui Group Cement Co Receivables Turnover Related Terms

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China Tianrui Group Cement Co (HKSE:01252) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Tianrui Group Cement Co Ltd (HKSE:01252) » Definitions » Receivables Turnover

Traded in Other Exchanges

T18:Germany

Address

No. 63 Guangcheng East Road, Henan Province, Ruzhou, CHN, 467500

Website

http://www.trcement.com

China Tianrui Group Cement Co Ltd, along with its subsidiaries, is engaged in the excavation of limestone, the production, and sale of cement and clinker. The company is organized into two geographic segments: Central China and Northeastern China of which Central China contributes the vast majority of total revenue.

Executives

Li Fengluan	2201 Interest of corporation controlled by you
Li Liufa	2201 Interest of corporation controlled by you
Tianrui (international) Holding Company Limited	2201 Interest of corporation controlled by you
Tianrui Group Company Limited	2201 Interest of corporation controlled by you
Yu Kuo Company Limited	2101 Beneficial owner
Carosse Limited	2201 Interest of corporation controlled by you
Holy Eagle Company Limited	2201 Interest of corporation controlled by you
Yu Qi Company Limited	2201 Interest of corporation controlled by you
China Cinda Asset Management Co., Ltd.	2201 Interest of corporation controlled by you
China Huarong (macau) International Company Limited	2201 Interest of corporation controlled by you
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Jin Chu Kou Yin Xing	2106 Person having a security interest in shares
Wu Tong Shu Tou Zi Ping Tai You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Best Ego Limited	2106 Person having a security interest in shares
China Huarong International Holdings Ltd	2201 Interest of corporation controlled by you

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