Zhongmin Energy Co (SHSE:600163) Receivables Turnover : 0.18 (As of Mar. 2024)

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What is Zhongmin Energy 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. Zhongmin Energy Co's Revenue for the three months ended in Mar. 2024 was ¥465 Mil. Zhongmin Energy Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥2,542 Mil. Hence, Zhongmin Energy Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.18.

Zhongmin Energy Co Receivables Turnover Historical Data

The historical data trend for Zhongmin Energy 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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Zhongmin Energy Co Receivables Turnover Chart

Zhongmin Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

1.38

1.46

1.12

0.97

0.78

Zhongmin Energy Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.26	0.12	0.12	0.27	0.18

Competitive Comparison of Zhongmin Energy Co's Receivables Turnover

For the Utilities - Renewable subindustry, Zhongmin Energy 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.

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

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

* The bar in red indicates where Zhongmin Energy Co's Receivables Turnover falls into.

Zhongmin Energy Co Receivables Turnover Calculation

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

Zhongmin Energy 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 )
=	1731.812	/ (	(2000.377	+	2445.437)	/	2 )
=	1731.812	/	2222.907
=	0.78

Zhongmin Energy 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 )
=	465.302	/ (	(2445.437	+	2638.952)	/	2 )
=	465.302	/	2542.1945
=	0.18

Zhongmin Energy Co (SHSE:600163) 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.

Zhongmin Energy Co Receivables Turnover Related Terms

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Zhongmin Energy Co (SHSE:600163) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Zhongmin Energy Co Ltd (SHSE:600163) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 210, Wusi Road, 22nd Floor, International Building, Fujian Province, Fuzhou, CHN, 3500003

Website

http://www.zhongminenergy.com

Zhongmin Energy Co Ltd focuses on the development and construction of power generation projects in China. The company's business scope comprises of wind power generation, investment in the energy industry, power production, electrical installation, engineering consulting, construction materials, sales of mechanical and electrical equipment, machinery and equipment rental. It is mainly focused on the development and construction of wind, solar and other clean energy sources.

Executives

Tang Hui	Director
Chen You Si	Supervisors
Wen Tian Gen	Supervisors
Huang Guo Ying	Director
Wang Tian Shou	Supervisors
Lin Xiao Bang	Director
Tang Fu Min	Director
Chen Shou Qin	Director

Zhongmin Energy Co (SHSE:600163) Headlines

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