CRCC High-Tech Equipment (HKSE:01786) Receivables Turnover : 0.67 (As of Dec. 2023)

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What is CRCC High-Tech Equipment 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. CRCC High-Tech Equipment's Revenue for the six months ended in Dec. 2023 was HK$1,637 Mil. CRCC High-Tech Equipment's average Accounts Receivable for the six months ended in Dec. 2023 was HK$2,460 Mil. Hence, CRCC High-Tech Equipment's Receivables Turnover for the six months ended in Dec. 2023 was 0.67.

CRCC High-Tech Equipment Receivables Turnover Historical Data

The historical data trend for CRCC High-Tech Equipment'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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CRCC High-Tech Equipment Receivables Turnover Chart

CRCC High-Tech Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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0.87

0.80

1.15

1.31

1.46

CRCC High-Tech Equipment Semi-Annual Data
	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														0.60	0.60	0.78	0.72	0.67

Competitive Comparison of CRCC High-Tech Equipment's Receivables Turnover

For the Railroads subindustry, CRCC High-Tech Equipment'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.

CRCC High-Tech Equipment's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, CRCC High-Tech Equipment's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where CRCC High-Tech Equipment's Receivables Turnover falls into.

CRCC High-Tech Equipment Receivables Turnover Calculation

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

CRCC High-Tech Equipment'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 )
=	3390.689	/ (	(2289.534	+	2348.155)	/	2 )
=	3390.689	/	2318.8445
=	1.46

CRCC High-Tech Equipment'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 )
=	1636.979	/ (	(2571.614	+	2348.155)	/	2 )
=	1636.979	/	2459.8845
=	0.67

CRCC High-Tech Equipment (HKSE:01786) 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.

CRCC High-Tech Equipment Receivables Turnover Related Terms

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CRCC High-Tech Equipment (HKSE:01786) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CRCC High-Tech Equipment Corporation Ltd (HKSE:01786) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

No. 384, Yangfangwang, Jinma Town, Yunnan Province, Kunming, CHN

Website

http://www.crcce.com.cn

CRCC High-Tech Equipment Corporation Ltd is engaged in the manufacture of products in the large-scale railway track maintenance machinery industry and the provision of related services. Its revenues are generated from manufacturing and sales of machines, parts, components sales and services, overhaul services, and railway line maintenance services. Geographically, the majority of its revenue derives from China.

CRCC High-Tech Equipment (HKSE:01786) Headlines

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