Guangdong Provincial Expressway Development Co (SZSE:000429) Receivables Turnover : 7.22 (As of Mar. 2024)

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What is Guangdong Provincial Expressway Development 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. Guangdong Provincial Expressway Development Co's Revenue for the three months ended in Mar. 2024 was ¥1,124 Mil. Guangdong Provincial Expressway Development Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥156 Mil. Hence, Guangdong Provincial Expressway Development Co's Receivables Turnover for the three months ended in Mar. 2024 was 7.22.

Guangdong Provincial Expressway Development Co Receivables Turnover Historical Data

The historical data trend for Guangdong Provincial Expressway Development 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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Guangdong Provincial Expressway Development Co Receivables Turnover Chart

Guangdong Provincial Expressway Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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36.96

21.76

32.25

31.18

39.30

Guangdong Provincial Expressway Development 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															9.60	9.84	10.94	8.59	7.22

Competitive Comparison of Guangdong Provincial Expressway Development Co's Receivables Turnover

For the Infrastructure Operations subindustry, Guangdong Provincial Expressway Development 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.

Guangdong Provincial Expressway Development Co's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Guangdong Provincial Expressway Development Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Guangdong Provincial Expressway Development Co's Receivables Turnover falls into.

Guangdong Provincial Expressway Development Co Receivables Turnover Calculation

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

Guangdong Provincial Expressway Development 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 )
=	4879.067	/ (	(108.369	+	139.899)	/	2 )
=	4879.067	/	124.134
=	39.30

Guangdong Provincial Expressway Development 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 )
=	1124.466	/ (	(139.899	+	171.551)	/	2 )
=	1124.466	/	155.725
=	7.22

Guangdong Provincial Expressway Development Co (SZSE:000429) 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.

Guangdong Provincial Expressway Development Co Receivables Turnover Related Terms

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Guangdong Provincial Expressway Development Co (SZSE:000429) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Guangdong Provincial Expressway Development Co Ltd (SZSE:000429) » Definitions » Receivables Turnover

Traded in Other Exchanges

200429:China

Address

Zhujiang East Road, 45-46th Floor, Litong Plaza, No.32, Zhujiang New City, Tihe Disrtict, Guangzhou, CHN, 510623

Website

http://www.gpedcl.com

Guangdong Provincial Expressway Development Co Ltd is principally engaged in the development and operation of expressways and large bridges. It is involved in tolling and maintenance of Guangfo Expressway, Fokai Expressway, Jiujiang Bridge, Huiyan Expressway, Maozhan Expressway, Jiangzhong Expressway, Kangda Expressway and Gankang Expressway.

Executives

Xiao Lai Jiu	Directors, executives
Li Mei	Supervisors
Luo Ying Sheng	Director

Guangdong Provincial Expressway Development Co (SZSE:000429) Headlines

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