Inner Mongolia Yuan Xing Energy Co (SZSE:000683) Receivables Turnover : 39.41 (As of Mar. 2024)

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What is Inner Mongolia Yuan Xing Energy 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. Inner Mongolia Yuan Xing Energy Co's Revenue for the three months ended in Mar. 2024 was ¥3,280 Mil. Inner Mongolia Yuan Xing Energy Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥83 Mil. Hence, Inner Mongolia Yuan Xing Energy Co's Receivables Turnover for the three months ended in Mar. 2024 was 39.41.

Inner Mongolia Yuan Xing Energy Co Receivables Turnover Historical Data

The historical data trend for Inner Mongolia Yuan Xing Energy 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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Inner Mongolia Yuan Xing Energy Co Receivables Turnover Chart

Inner Mongolia Yuan Xing Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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47.23

54.36

108.76

110.81

150.55

Inner Mongolia Yuan Xing Energy 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															23.79	30.74	32.84	54.15	39.41

Competitive Comparison of Inner Mongolia Yuan Xing Energy Co's Receivables Turnover

For the Chemicals subindustry, Inner Mongolia Yuan Xing Energy 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.

Inner Mongolia Yuan Xing Energy Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Inner Mongolia Yuan Xing Energy Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Inner Mongolia Yuan Xing Energy Co's Receivables Turnover falls into.

Inner Mongolia Yuan Xing Energy Co Receivables Turnover Calculation

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

Inner Mongolia Yuan Xing Energy 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 )
=	12043.564	/ (	(100.123	+	59.869)	/	2 )
=	12043.564	/	79.996
=	150.55

Inner Mongolia Yuan Xing Energy 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 )
=	3280.473	/ (	(59.869	+	106.605)	/	2 )
=	3280.473	/	83.237
=	39.41

Inner Mongolia Yuan Xing Energy Co (SZSE:000683) 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.

Inner Mongolia Yuan Xing Energy Co Receivables Turnover Related Terms

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Inner Mongolia Yuan Xing Energy Co (SZSE:000683) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Inner Mongolia Yuan Xing Energy Co Ltd (SZSE:000683) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Etok West Street, 12th Floor, Boyuan Building, Dongsheng District, Ordos, Inner Mongolia, CHN, 017000

Website

http://www.yuanxing.com

Inner Mongolia Yuan Xing Energy Co Ltd is engaged in natural gas, coal, and alkali chemical development activities in China. Its products include industrial methanol, coal, baking soda, soda ash, liquefied natural gas, fertilizers, dimethylformamide, and fruits and vegetable net.

Executives

Hao Zhan Biao	Executives
Ding Xi Mei	Director
Chen Yue Qing	Securities Affairs Representative
Liu Bao Long	Directors, executives
Sun Chao Hui	Director
Dai Ji Feng	Directors, executives
Song Wei Tu	Director
Liang Run Biao	Directors, executives
Zhao Guo Zhi	Executives
Fu Yong Li	Executives
Ji Yu Hu	Directors, executives
Wu Ai Guo	Directors, executives
Yang Hong Xing	Director
Liu Yi	Executives
Zhang Yin Rong	Director

Inner Mongolia Yuan Xing Energy Co (SZSE:000683) Headlines

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