Jintai Energy Holdings (HKSE:02728) Receivables Turnover : 8.99 (As of Dec. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Jintai Energy Holdings 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. Jintai Energy Holdings's Revenue for the six months ended in Dec. 2023 was HK$1,297 Mil. Jintai Energy Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$144 Mil. Hence, Jintai Energy Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 8.99.

Jintai Energy Holdings Receivables Turnover Historical Data

The historical data trend for Jintai Energy Holdings'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.

* Premium members only.

Jintai Energy Holdings Receivables Turnover Chart

Jintai Energy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

16.30

29.53

23.80

1.23

16.50

Jintai Energy Holdings 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															3.58	0.78	1.14	0.95	8.99

Competitive Comparison of Jintai Energy Holdings's Receivables Turnover

For the Oil & Gas Refining & Marketing subindustry, Jintai Energy Holdings'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.

Jintai Energy Holdings's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Jintai Energy Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jintai Energy Holdings's Receivables Turnover falls into.

Jintai Energy Holdings Receivables Turnover Calculation

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

Jintai Energy Holdings'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 )
=	1311.246	/ (	(14.632	+	144.295)	/	2 )
=	1311.246	/	79.4635
=	16.50

Jintai Energy Holdings'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 )
=	1297.289	/ (	(0	+	144.295)	/	1 )
=	1297.289	/	144.295
=	8.99

Jintai Energy Holdings (HKSE:02728) 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.

Jintai Energy Holdings Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Jintai Energy Holdings's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Jintai Energy Holdings (HKSE:02728) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Jintai Energy Holdings Ltd (HKSE:02728) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 111 Liyi Road, Golden Phoenix Building, Lijin County, Shandong Province, Dongying, CHN

Website

http://www.jintaienergy.com

Jintai Energy Holdings Ltd is engaged in the manufacturing and trading business. The segments of the group are Energy business, Drilling services, Speaker business, Operation of digital energy trading parks, Transportation services, Services business of customs declaration and Electronic products. It derives prime revenue from the Energy business which involves mainly the trading of fuel oil and kerosene. The group generates key revenue from the PRC.

Executives

Chen Jinle
Cui Xianguo	2201 Interest of corporation controlled by you
Super Wise International Investment Limited	2101 Beneficial owner
Qilu International Funds Spc (acting For And On Behalf Of Zhongtai Dingfeng Classified Fund Sp)	2106 Person having a security interest in shares
Zhongtai International Asset Management (singapore) Pte. Ltd.	2102 Investment manager
Zhongtai International Asset Management Limited	2102 Investment manager
Hong Kong Moral Co-operation Investment Limited	2101 Beneficial owner
Niu Guangchang	2201 Interest of corporation controlled by you
Winwin International Strategic Investment Funds Spc	2106 Person having a security interest in shares
Zhongtai Innovation Capital Management Limited	2102 Investment manager
Lin Ai Hua	2202 Interest of your spouse
Lin Cai Huo	2101 Beneficial owner
Oriental Gold Honour Joy International Holdings Limited	2101 Beneficial owner

Jintai Energy Holdings (HKSE:02728) Headlines

No Headlines