JY Gas (HKSE:01407) Receivables Turnover : 4.38 (As of Dec. 2023)

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What is JY Gas 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. JY Gas's Revenue for the six months ended in Dec. 2023 was HK$217.6 Mil. JY Gas's average Accounts Receivable for the six months ended in Dec. 2023 was HK$49.7 Mil. Hence, JY Gas's Receivables Turnover for the six months ended in Dec. 2023 was 4.38.

JY Gas Receivables Turnover Historical Data

The historical data trend for JY Gas'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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JY Gas Receivables Turnover Chart

JY Gas Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

119.45

231.20

65.91

18.54

8.75

JY Gas Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			-	16.54	6.73	5.54	4.38

Competitive Comparison of JY Gas's Receivables Turnover

For the Utilities - Regulated Gas subindustry, JY Gas'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.

JY Gas's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, JY Gas's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where JY Gas's Receivables Turnover falls into.

JY Gas Receivables Turnover Calculation

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

JY Gas'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 )
=	441.327	/ (	(41.157	+	59.735)	/	2 )
=	441.327	/	50.446
=	8.75

JY Gas'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 )
=	217.606	/ (	(39.573	+	59.735)	/	2 )
=	217.606	/	49.654
=	4.38

JY Gas (HKSE:01407) 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.

JY Gas Receivables Turnover Related Terms

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JY Gas (HKSE:01407) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » JY Gas Ltd (HKSE:01407) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2568 Shi’an Road (West), 3rd Floor, Jiaoyun Group Building, Gaomi City, Weifang Municipality, Shandong Provinc, Weifang, CHN

Website

http://www.gmjytrq.com

JY Gas Ltd is a natural gas operator in Gaomi City, Weifang Municipality of Shandong Province. The company derives revenue from the sale of natural gas. Natural gas which it sells includes pipeline natural gas, compressed natural gas and liquefied natural gas. The sale of pipelined natural gas is its principal business.

Executives

Luan Xiaolong	2201 Interest of corporation controlled by you
Zhou Zhan	2202 Interest of your spouse
Lxl Phoenix Limited	2101 Beneficial owner
Cui Shuhua	2202 Interest of your spouse
Llj Phoenix Limited	2101 Beneficial owner
Luan Linjiang	2201 Interest of corporation controlled by you
Sdjy Holding Limited	2201 Interest of corporation controlled by you
Segm Holding Limited	2101 Beneficial owner

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