CGN Power Co (HKSE:01816) Receivables Turnover : 1.64 (As of Mar. 2024)

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What is CGN Power 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. CGN Power Co's Revenue for the three months ended in Mar. 2024 was HK$20,837 Mil. CGN Power Co's average Accounts Receivable for the three months ended in Mar. 2024 was HK$12,690 Mil. Hence, CGN Power Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.64.

CGN Power Co Receivables Turnover Historical Data

The historical data trend for CGN Power 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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CGN Power Co Receivables Turnover Chart

CGN Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.44

8.85

8.34

6.17

6.10

CGN Power Co Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.25	1.49	1.49	-	1.64

Competitive Comparison of CGN Power Co's Receivables Turnover

For the Utilities - Independent Power Producers subindustry, CGN Power 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.

CGN Power Co's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, CGN Power Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where CGN Power Co's Receivables Turnover falls into.

CGN Power Co Receivables Turnover Calculation

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

CGN Power 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 )
=	90289.963	/ (	(16680.994	+	12935.672)	/	2 )
=	90289.963	/	14808.333
=	6.10

CGN Power Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	20837.056	/ (	(12935.672	+	12444.473)	/	2 )
=	20837.056	/	12690.0725
=	1.64

CGN Power Co (HKSE:01816) 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.

CGN Power Co Receivables Turnover Related Terms

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CGN Power Co (HKSE:01816) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » CGN Power Co Ltd (HKSE:01816) » Definitions » Receivables Turnover

Traded in Other Exchanges

94C:Germany 003816:China

Address

No. 2002 Shennan Road, 18th Floor, South Tower, CGN Building, Futian District, Guangdong Province, Shenzhen, CHN, 518026

Website

http://www.cgnp.com.cn

CGN Power is a major nuclear power producer in China. It operates 26 nuclear power generating units (total installed capacity of 29.4 gigawatts), with 14 units in Guangdong and the rest in Guangxi, Fujian, and Liaoning provinces as of end-2022. CGN is adding capacity of 8.4 gigawatts into its operations over the next five years. State-owned China General Nuclear Power, controls about 58.9% of CGN Power.

Executives

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Zhong Guo Ren Shou Bao Xian Ji Tuan Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Ren Shou Bao Xian Gu Fen You Xian Gong Si	2101 Beneficial owner
Zhong Guo Guang He Ji Tuan You Xian Gong Si	2101 Beneficial owner

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