GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Huaihe Energy (Group) Co Ltd (SHSE:600575) » Definitions » Receivables Turnover

Huaihe Energy (Group) Co (SHSE:600575) Receivables Turnover : 4.81 (As of Mar. 2024)


View and export this data going back to 2003. Start your Free Trial

What is Huaihe Energy (Group) 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. Huaihe Energy (Group) Co's Revenue for the three months ended in Mar. 2024 was ¥7,315 Mil. Huaihe Energy (Group) Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,520 Mil. Hence, Huaihe Energy (Group) Co's Receivables Turnover for the three months ended in Mar. 2024 was 4.81.


Huaihe Energy (Group) Co Receivables Turnover Historical Data

The historical data trend for Huaihe Energy (Group) 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.

* Premium members only.

Huaihe Energy (Group) Co Receivables Turnover Chart

Huaihe Energy (Group) Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.14 12.95 15.95 16.22 16.87

Huaihe Energy (Group) 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.74 5.37 5.23 5.66 4.81

Competitive Comparison of Huaihe Energy (Group) Co's Receivables Turnover

For the Integrated Freight & Logistics subindustry, Huaihe Energy (Group) 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.


Huaihe Energy (Group) Co's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Huaihe Energy (Group) Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Huaihe Energy (Group) Co's Receivables Turnover falls into.



Huaihe Energy (Group) Co Receivables Turnover Calculation

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

Huaihe Energy (Group) 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 )
=27333.352 / ((1415.446 + 1825.051) / 2 )
=27333.352 / 1620.2485
=16.87

Huaihe Energy (Group) 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 )
=7314.731 / ((1825.051 + 1215.091) / 2 )
=7314.731 / 1520.071
=4.81

* 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.


Huaihe Energy (Group) Co  (SHSE:600575) 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.


Huaihe Energy (Group) Co Receivables Turnover Related Terms

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


Huaihe Energy (Group) Co (SHSE:600575) Business Description

Traded in Other Exchanges
N/A
Address
Yuexiu Road, Building 2, North Shore Water Shore, Wuhu Economic and Technological Development Zone, Wuhu, CHN, 241006
Huaihe Energy (Group) Co Ltd is engaged in cargo handling, storage, international container loading and unloading, logistics and distribution, multimodal transport, port management and the goods transfer service.
Executives
Yang Yun Lin senior management
Dai Bang Sheng Supervisors
Wang Li senior management

Huaihe Energy (Group) Co (SHSE:600575) Headlines

No Headlines