China Resources and Transportation Group (FRA:ZP3C) Receivables Turnover : 0.47 (As of Sep. 2022)

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What is China Resources and Transportation 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 Resources and Transportation Group's Revenue for the six months ended in Sep. 2022 was €48.30 Mil. China Resources and Transportation Group's average Accounts Receivable for the six months ended in Sep. 2022 was €102.98 Mil. Hence, China Resources and Transportation Group's Receivables Turnover for the six months ended in Sep. 2022 was 0.47.

China Resources and Transportation Group Receivables Turnover Historical Data

The historical data trend for China Resources and Transportation 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 Resources and Transportation Group Receivables Turnover Chart

China Resources and Transportation Group Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Receivables Turnover

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32.18

28.39

4.17

1.14

0.63

China Resources and Transportation Group Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
Receivables Turnover	Get a 7-Day Free Trial															0.77	0.49	0.28	0.41	0.47

Competitive Comparison of China Resources and Transportation Group's Receivables Turnover

For the Infrastructure Operations subindustry, China Resources and Transportation 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 Resources and Transportation Group's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, China Resources and Transportation Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Resources and Transportation Group's Receivables Turnover falls into.

China Resources and Transportation Group Receivables Turnover Calculation

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

China Resources and Transportation Group's Receivables Turnover for the fiscal year that ended in Mar. 2022 is calculated as

	Receivables Turnover (A: Mar. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2022 )	/ (	(Accounts Receivable (A: Mar. 2021 )	+	Accounts Receivable (A: Mar. 2022 ))	/	count )
=	55.667	/ (	(84.461	+	91.335)	/	2 )
=	55.667	/	87.898
=	0.63

China Resources and Transportation Group's Receivables Turnover for the quarter that ended in Sep. 2022 is calculated as

	Receivables Turnover (Q: Sep. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2022 )	/ (	(Accounts Receivable (Q: Mar. 2022 )	+	Accounts Receivable (Q: Sep. 2022 ))	/	count )
=	48.303	/ (	(91.335	+	114.615)	/	2 )
=	48.303	/	102.975
=	0.47

China Resources and Transportation Group (FRA:ZP3C) 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 Resources and Transportation Group Receivables Turnover Related Terms

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China Resources and Transportation Group (FRA:ZP3C) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Resources and Transportation Group Ltd (FRA:ZP3C) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

145 Hennessy Road, 22nd Floor, On Hong Commercial Building, Wan Chai, Hong Kong, HKG

Website

http://www.crtg.com.hk

China Resources and Transportation Group Ltd is a China-based company. It operates through various business segments that are Expressway Operations, which includes operations, management, maintenance and auxiliary facility investment of Zhunxing Expressway; CNG gas stations operation includes operation of CNG gas stations; and Other Operations, which includes sales of timber logs from forest concession, tree plantation area and outside suppliers, sales of seedlings and refined plant oil. The Expressway Operations segment generates maximum revenue for the company. Geographically, the company has business operations in China, Hong Kong and Australia.

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