China Shanshui Cement Group (China Shanshui Cement Group) Receivables Turnover : 6.49 (As of Dec. 2023)

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What is China Shanshui Cement Group 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 Shanshui Cement Group's Revenue for the six months ended in Dec. 2023 was $1,298 Mil. China Shanshui Cement Group's average Accounts Receivable for the six months ended in Dec. 2023 was $200 Mil. Hence, China Shanshui Cement Group's Receivables Turnover for the six months ended in Dec. 2023 was 6.49.

China Shanshui Cement Group Receivables Turnover Historical Data

The historical data trend for China Shanshui Cement Group'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 Shanshui Cement Group Receivables Turnover Chart

China Shanshui Cement Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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20.64

19.64

14.59

11.07

13.01

China Shanshui Cement Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															8.37	5.41	8.20	6.10	6.49

Competitive Comparison of China Shanshui Cement Group's Receivables Turnover

For the Building Materials subindustry, China Shanshui Cement Group'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 Shanshui Cement Group's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, China Shanshui Cement Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Shanshui Cement Group's Receivables Turnover falls into.

China Shanshui Cement Group Receivables Turnover Calculation

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

China Shanshui Cement Group'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 )
=	2537.238	/ (	(197.455	+	192.694)	/	2 )
=	2537.238	/	195.0745
=	13.01

China Shanshui Cement Group's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1297.622	/ (	(207.46	+	192.694)	/	2 )
=	1297.622	/	200.077
=	6.49

China Shanshui Cement Group (OTCPK:CSCGY) 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 Shanshui Cement Group Receivables Turnover Related Terms

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China Shanshui Cement Group (China Shanshui Cement Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Shanshui Cement Group Ltd (OTCPK:CSCGY) » Definitions » Receivables Turnover

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00691:Hong Kong

Address

Shanshui Industrial Park, Gushan Town, Changqing District, Shandong, Jinan, CHN, 250307

Website

http://www.shanshuicement.com

China Shanshui Cement Group Ltd is a cement producer in China. The company manufactures and sells cement, clinker, and concrete in several provinces of China. Its geographic segments include Shandong Province which contributes to the majority of revenue and several other provinces of China that include Northeastern China, Shanxi Province, and Xinjiang Region. Its products are used for national key projects, railways, highways, airports, real estates and other infrastructure construction and exported to more than 60 countries and other international markets.

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