SINOPEC Engineering (Group) Co (HKSE:02386) Receivables Turnover : 10.13 (As of Dec. 2023)

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What is SINOPEC Engineering (Group) 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. SINOPEC Engineering (Group) Co's Revenue for the six months ended in Dec. 2023 was HK$34,335 Mil. SINOPEC Engineering (Group) Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$3,388 Mil. Hence, SINOPEC Engineering (Group) Co's Receivables Turnover for the six months ended in Dec. 2023 was 10.13.

SINOPEC Engineering (Group) Co Receivables Turnover Historical Data

The historical data trend for SINOPEC Engineering (Group) 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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SINOPEC Engineering (Group) Co Receivables Turnover Chart

SINOPEC Engineering (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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12.51

12.67

15.13

16.30

17.47

SINOPEC Engineering (Group) 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															8.25	8.03	8.69	8.51	10.13

Competitive Comparison of SINOPEC Engineering (Group) Co's Receivables Turnover

For the Engineering & Construction subindustry, SINOPEC Engineering (Group) 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.

SINOPEC Engineering (Group) Co's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, SINOPEC Engineering (Group) Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where SINOPEC Engineering (Group) Co's Receivables Turnover falls into.

SINOPEC Engineering (Group) Co Receivables Turnover Calculation

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

SINOPEC Engineering (Group) 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 )
=	61492.95	/ (	(3322.527	+	3716.175)	/	2 )
=	61492.95	/	3519.351
=	17.47

SINOPEC Engineering (Group) 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 )
=	34334.792	/ (	(3059.396	+	3716.175)	/	2 )
=	34334.792	/	3387.7855
=	10.13

SINOPEC Engineering (Group) Co (HKSE:02386) 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.

SINOPEC Engineering (Group) Co Receivables Turnover Related Terms

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SINOPEC Engineering (Group) Co (HKSE:02386) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » SINOPEC Engineering (Group) Co Ltd (HKSE:02386) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SENGF:USA

Address

Shenggu Middle Road, No. 8 Building, Shenggu Home, Chaoyang District, Beijing, CHN, 100029

Website

http://www.segroup.cn

SINOPEC Engineering (Group) Co Ltd is a wholly owned subsidiary of the Sinopec Group, a Chinese company. The group provides integrated engineering services and technical patents for domestic and international refining and chemical engineering businesses. The group mainly contains four segments: engineering, consulting and licensing; engineering, procurement and construction (EPC) contracting; construction; and equipment manufacturing. The company generates most of its revenue from the EPC contracting segment. Geographically, the business presence of the group is primarily seen in China, Malaysia, Kuwait, and Saudi Arabia.

Executives

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Fidelity Investment Trust	2101 Beneficial owner
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Pandanus Associates Inc.	2201 Interest of corporation controlled by you
Pandanus Partners L.p.	2201 Interest of corporation controlled by you
Brown Brothers Harriman & Co.	2502 Approved lending agent
Blackrock, Inc.	2201 Interest of corporation controlled by you

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