China State Construction Engineering (SHSE:601668) Receivables Turnover : 2.11 (As of Mar. 2024)

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What is China State Construction 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 State Construction Engineering's Revenue for the three months ended in Mar. 2024 was ¥549,319 Mil. China State Construction Engineering's average Accounts Receivable for the three months ended in Mar. 2024 was ¥260,369 Mil. Hence, China State Construction Engineering's Receivables Turnover for the three months ended in Mar. 2024 was 2.11.

China State Construction Engineering Receivables Turnover Historical Data

The historical data trend for China State Construction 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 State Construction Engineering Receivables Turnover Chart

China State Construction Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.84

10.27

11.10

10.51

9.68

China State Construction Engineering 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															2.51	2.61	2.27	2.34	2.11

Competitive Comparison of China State Construction Engineering's Receivables Turnover

For the Engineering & Construction subindustry, China State Construction 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 State Construction Engineering's Receivables Turnover Distribution in the Construction Industry

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

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

China State Construction Engineering Receivables Turnover Calculation

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

China State Construction 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 )
=	2265529.244	/ (	(210431.62	+	257698.659)	/	2 )
=	2265529.244	/	234065.1395
=	9.68

China State Construction 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 )
=	549319.265	/ (	(257698.659	+	263040.264)	/	2 )
=	549319.265	/	260369.4615
=	2.11

China State Construction Engineering (SHSE:601668) 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 State Construction Engineering Receivables Turnover Related Terms

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China State Construction Engineering (SHSE:601668) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China State Construction Engineering Corp Ltd (SHSE:601668) » Definitions » Receivables Turnover

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Address

Anding Road, Building 3, Courtyard 5, China Construction Fortune International Center, Chaoyang District, Beijing, CHN, 100029

Website

https://www.cscec.com

China State Construction Engineering Corp Ltd is a construction and real estate conglomerate. Its operating segments are Building construction engineering, Infrastructure construction & investment, Real estate development & investment, Prospecting & design, and Others. The majority of its revenue comes from the Building construction engineering segment. The company undertakes construction, installation, and consulting of domestic and domestic public and civil building construction projects; investment and construction of infrastructure projects; real estate investment and development at home and abroad; survey and design of construction; decoration engineering, and garden engineering. Geographically it generates a vast majority of its revenue from Mainland China.

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