COSCO SHIPPING Specialized Carriers Co (SHSE:600428) Receivables Turnover : 6.68 (As of Mar. 2024)

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What is COSCO SHIPPING Specialized Carriers 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. COSCO SHIPPING Specialized Carriers Co's Revenue for the three months ended in Mar. 2024 was ¥3,430 Mil. COSCO SHIPPING Specialized Carriers Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥514 Mil. Hence, COSCO SHIPPING Specialized Carriers Co's Receivables Turnover for the three months ended in Mar. 2024 was 6.68.

COSCO SHIPPING Specialized Carriers Co Receivables Turnover Historical Data

The historical data trend for COSCO SHIPPING Specialized Carriers 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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COSCO SHIPPING Specialized Carriers Co Receivables Turnover Chart

COSCO SHIPPING Specialized Carriers Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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15.26

20.73

21.15

19.88

21.27

COSCO SHIPPING Specialized Carriers 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															3.80	3.32	3.90	5.58	6.68

Competitive Comparison of COSCO SHIPPING Specialized Carriers Co's Receivables Turnover

For the Marine Shipping subindustry, COSCO SHIPPING Specialized Carriers 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.

COSCO SHIPPING Specialized Carriers Co's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, COSCO SHIPPING Specialized Carriers Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where COSCO SHIPPING Specialized Carriers Co's Receivables Turnover falls into.

COSCO SHIPPING Specialized Carriers Co Receivables Turnover Calculation

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

COSCO SHIPPING Specialized Carriers 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 )
=	12006.677	/ (	(712.015	+	416.903)	/	2 )
=	12006.677	/	564.459
=	21.27

COSCO SHIPPING Specialized Carriers 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 )
=	3430.373	/ (	(416.903	+	610.786)	/	2 )
=	3430.373	/	513.8445
=	6.68

COSCO SHIPPING Specialized Carriers Co (SHSE:600428) 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.

COSCO SHIPPING Specialized Carriers Co Receivables Turnover Related Terms

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COSCO SHIPPING Specialized Carriers Co (SHSE:600428) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING Specialized Carriers Co Ltd (SHSE:600428) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 282 Dongjiang Avenue, Free Trade Zone, Kangsheng Building, Guangdong Province, Guangzhou, CHN, 510623

Website

http://www.coscol.com.cn

COSCO Shipping is mainly engaged in the multipurpose shipping business. It also offers specialized shipping services. The company's specialized shipping unit owns semisubmersible ships, heavy-lift ships, roll-on/roll-off vessels, and vehicle carriers. Parent company COSCO owns a 50.13% stake in COSCO Shipping. At the end of December 2010, COSCO Shipping owned 77 ships with a total shipping capacity of 1.3173 million deadweight tons.

Executives

Han Guo Min	senior management
Fang Zhi Wei	Supervisors
Guo Jing	Director
Lin Jing Wei	senior management
Guo Fu Xiang	senior management
Lai Yi Guang	senior management
Tan Jin Song	Director
Du Jun Ming	senior management
Xue Jun Dong	senior management
Jin Li Zuo	Director

COSCO SHIPPING Specialized Carriers Co (SHSE:600428) Headlines

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