GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Shaanxi Energy Investment Co Ltd (SZSE:001286) » Definitions » Receivables Turnover

Shaanxi Energy Investment Co (SZSE:001286) Receivables Turnover : 2.92 (As of Mar. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Shaanxi Energy Investment 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. Shaanxi Energy Investment Co's Revenue for the three months ended in Mar. 2024 was ¥5,640 Mil. Shaanxi Energy Investment Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,929 Mil. Hence, Shaanxi Energy Investment Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.92.


Shaanxi Energy Investment Co Receivables Turnover Historical Data

The historical data trend for Shaanxi Energy Investment 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.

Shaanxi Energy Investment Co Receivables Turnover Chart

Shaanxi Energy Investment Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 8.35 7.34 9.72 11.67 10.22

Shaanxi Energy Investment Co Quarterly Data
Dec18 Dec19 Dec20 Jun21 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 2.86 2.29 2.87 2.91 2.92

Competitive Comparison of Shaanxi Energy Investment Co's Receivables Turnover

For the Thermal Coal subindustry, Shaanxi Energy Investment 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.


Shaanxi Energy Investment Co's Receivables Turnover Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Shaanxi Energy Investment Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shaanxi Energy Investment Co's Receivables Turnover falls into.



Shaanxi Energy Investment Co Receivables Turnover Calculation

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

Shaanxi Energy Investment 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 )
=19452.827 / ((1797.556 + 2008.468) / 2 )
=19452.827 / 1903.012
=10.22

Shaanxi Energy Investment 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 )
=5640.33 / ((2008.468 + 1849.018) / 2 )
=5640.33 / 1928.743
=2.92

* 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.


Shaanxi Energy Investment Co  (SZSE:001286) 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.


Shaanxi Energy Investment Co Receivables Turnover Related Terms

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


Shaanxi Energy Investment Co (SZSE:001286) Business Description

Traded in Other Exchanges
N/A
Address
No. 152, Shahe Road, Shenggao Times Office Building, High-tech Industrial Park, Shaanxi Province, Yulin, CHN, 719054
Shaanxi Energy Investment Co Ltd is engaged in the rhermal power generation, coal production and sales.

Shaanxi Energy Investment Co (SZSE:001286) Headlines

No Headlines