China Energy Engineering (HKSE:03996) Receivables Turnover : 1.16 (As of Mar. 2024)

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What is China Energy Engineering 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. China Energy Engineering's Revenue for the three months ended in Mar. 2024 was HK$105,810 Mil. China Energy Engineering's average Accounts Receivable for the three months ended in Mar. 2024 was HK$91,083 Mil. Hence, China Energy Engineering's Receivables Turnover for the three months ended in Mar. 2024 was 1.16.

China Energy Engineering Receivables Turnover Historical Data

The historical data trend for China Energy Engineering'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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China Energy Engineering Receivables Turnover Chart

China Energy Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.44

5.30

6.06

5.41

5.32

China Energy Engineering 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															1.24	1.23	1.04	1.43	1.16

Competitive Comparison of China Energy Engineering's Receivables Turnover

For the Engineering & Construction subindustry, China Energy Engineering'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.

China Energy Engineering's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, China Energy Engineering's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Energy Engineering's Receivables Turnover falls into.

China Energy Engineering Receivables Turnover Calculation

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

China Energy Engineering'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 )
=	444109.062	/ (	(81532.003	+	85553.482)	/	2 )
=	444109.062	/	83542.7425
=	5.32

China Energy Engineering'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 )
=	105810.041	/ (	(85553.482	+	96613.469)	/	2 )
=	105810.041	/	91083.4755
=	1.16

China Energy Engineering (HKSE:03996) 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.

China Energy Engineering Receivables Turnover Related Terms

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China Energy Engineering (HKSE:03996) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Energy Engineering Corporation Ltd (HKSE:03996) » Definitions » Receivables Turnover

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2E5:Germany 601868:China

Address

No. 26A West Dawang Road, Building 1, Room 01-2706, 1-24th Floor, Chaoyang District, Beijing, CHN, 100022

Website

https://www.ceec.net.cn

China Energy Engineering Corporation Ltd comprehensive solutions provider for the power industry in China and internationally. It is mainly engaged in Survey, design, and consulting services; Construction and contracting; Industrial manufacturing; Investment and operation; and other businesses. The company generates the majority of revenue from construction and contracting services for large scale power generation, transformation and transmission projects of fossil-fuel power, hydropower, nuclear power, wind farm and solar power in China and overseas, as well as undertaking other types of construction projects, such as water conservancy facilities, transportation, municipal engineering, industrial and civil construction projects.

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