China Petroleum Engineering Co (SHSE:600339) Receivables Turnover : 1.40 (As of Mar. 2024)

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What is China Petroleum Engineering 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. China Petroleum Engineering Co's Revenue for the three months ended in Mar. 2024 was ¥14,733 Mil. China Petroleum Engineering Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥10,490 Mil. Hence, China Petroleum Engineering Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.40.

China Petroleum Engineering Co Receivables Turnover Historical Data

The historical data trend for China Petroleum Engineering 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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China Petroleum Engineering Co Receivables Turnover Chart

China Petroleum Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.70

6.08

8.03

8.14

7.78

China Petroleum Engineering 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															1.24	1.53	1.37	2.42	1.40

Competitive Comparison of China Petroleum Engineering Co's Receivables Turnover

For the Oil & Gas Equipment & Services subindustry, China Petroleum Engineering 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.

China Petroleum Engineering Co's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, China Petroleum Engineering Co's Receivables Turnover distribution charts can be found below:

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

China Petroleum Engineering Co Receivables Turnover Calculation

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

China Petroleum Engineering 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 )
=	80343.365	/ (	(11336.423	+	9306.016)	/	2 )
=	80343.365	/	10321.2195
=	7.78

China Petroleum Engineering 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 )
=	14733.043	/ (	(9306.016	+	11674.291)	/	2 )
=	14733.043	/	10490.1535
=	1.40

China Petroleum Engineering Co (SHSE:600339) 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 Petroleum Engineering Co Receivables Turnover Related Terms

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China Petroleum Engineering Co (SHSE:600339) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Petroleum Engineering Co Ltd (SHSE:600339) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Courtyard 5, Anding Road, Hengyi Building, Building 2, Chaoyang District, Beijing, CHN, 100029

Website

http://www.600339.cc

China Petroleum Engineering Co Ltd provides surface facilities to petroleum upstream industry. The company's services include planning through front end engineering design to engineering, procurement, construction and project management consultancy for surface facilities, pipelines, buildings, water treatment facilities, highways, and infrastructure. The firm operates projects in China as well as in the overseas markets such as the Middle East, Central Asia, North Africa, America, Australia, and Europe.

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