CRRC (SHSE:601766) Receivables Turnover : 0.34 (As of Mar. 2024)

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What is CRRC 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. CRRC's Revenue for the three months ended in Mar. 2024 was ¥32,183 Mil. CRRC's average Accounts Receivable for the three months ended in Mar. 2024 was ¥93,562 Mil. Hence, CRRC's Receivables Turnover for the three months ended in Mar. 2024 was 0.34.

CRRC Receivables Turnover Historical Data

The historical data trend for CRRC'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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CRRC Receivables Turnover Chart

CRRC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.70

3.46

3.11

2.75

2.41

CRRC 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															0.38	0.60	0.57	0.89	0.34

Competitive Comparison of CRRC's Receivables Turnover

For the Railroads subindustry, CRRC'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.

CRRC's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, CRRC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where CRRC's Receivables Turnover falls into.

CRRC Receivables Turnover Calculation

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

CRRC'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 )
=	234261.514	/ (	(88987.037	+	105705.827)	/	2 )
=	234261.514	/	97346.432
=	2.41

CRRC'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 )
=	32182.793	/ (	(105705.827	+	81418.971)	/	2 )
=	32182.793	/	93562.399
=	0.34

CRRC (SHSE:601766) 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.

CRRC Receivables Turnover Related Terms

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CRRC (SHSE:601766) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CRRC Corp Ltd (SHSE:601766) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CRCCY:USA 01766:Hong Kong C2L:Germany

Address

No. 16-5, Central West Fourth Ring Road, Haidian District, Beijing, CHN, 100036

Website

https://www.crrcgc.cc

CRRC Corp Ltd manufactures products which are used for transportation through railroads. Its product portfolio includes rolling stock, rail transit vehicles, engineering machinery, electrical equipment and related parts, and environmental protection products. The company also engages in allied activities like refurbishment, leasing, technical support to clients, investment, and management, as well as import and export business. Its business operations are spread across Mainland China which derives the highest revenue, and a few other countries.

Executives

Dai De Ming	Director
Zhao Ji Bin	Director
Zhang Jun	Director
Qiu Wei	Supervisors
Wang Yan	Supervisors
Zheng Chang Hong	Director
Tang Ke Lin	Director
Zhao Xiao Gang	Director
Fu Jian Guo	senior management
Chen Yong Kuan	Director
Yang Yu Zhong	Director
Liu Hua Long	Director
Shao Ren Qiang	senior management
Zhan Yan Jing	senior management
Cai Da Wei	Director

CRRC (SHSE:601766) Headlines

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