South Manganese Investment (HKSE:01091) Receivables Turnover : 16.13 (As of Dec. 2023)

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What is South Manganese Investment 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. South Manganese Investment's Revenue for the six months ended in Dec. 2023 was HK$9,401 Mil. South Manganese Investment's average Accounts Receivable for the six months ended in Dec. 2023 was HK$583 Mil. Hence, South Manganese Investment's Receivables Turnover for the six months ended in Dec. 2023 was 16.13.

South Manganese Investment Receivables Turnover Historical Data

The historical data trend for South Manganese Investment'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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South Manganese Investment Receivables Turnover Chart

South Manganese Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.78

4.93

15.36

19.68

27.06

South Manganese Investment 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															10.85	10.80	8.59	10.35	16.13

Competitive Comparison of South Manganese Investment's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, South Manganese Investment'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.

South Manganese Investment's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, South Manganese Investment's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where South Manganese Investment's Receivables Turnover falls into.

South Manganese Investment Receivables Turnover Calculation

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

South Manganese Investment'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 )
=	17133.96	/ (	(797.786	+	468.786)	/	2 )
=	17133.96	/	633.286
=	27.06

South Manganese Investment'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 )
=	9401.422	/ (	(697.076	+	468.786)	/	2 )
=	9401.422	/	582.931
=	16.13

South Manganese Investment (HKSE:01091) 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.

South Manganese Investment Receivables Turnover Related Terms

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South Manganese Investment (HKSE:01091) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » South Manganese Investment Ltd (HKSE:01091) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

00D0:Germany

Address

95 Queensway, Room A02, 35th Floor, United Centre, Admiralty, Hong Kong, HKG

Website

http://www.dameng.citic.com

South Manganese Investment Ltd is a mining company that is engaged in manganese mining and ore processing in China and Gabon and downstream processing operations. It operates in four segments namely Manganese mining which engages in the mining and production of manganese products including mining, beneficiation, concentrating, grinding and the production of manganese concentrates; EMM and alloying materials production segment comprise hydrometallurgical processing and pyrometallurgical processing; Battery materials production segment engages in the production and sale of battery materials products, including Electrolytic Manganese Dioxide; and Trading business segment includes trading of various commodities such as manganese ore, sales of scraps, and others.

Executives

Citic Group Corporation	2201 Interest of corporation controlled by you
Citic Limited	2201 Interest of corporation controlled by you
Sun Mingwen	2201 Interest of corporation controlled by you
Youfu Investment Co., Ltd	2101 Beneficial owner
Feng Xiang Investment Co.,ltd	2101 Beneficial owner
Ma Xuedong	2201 Interest of corporation controlled by you
Gui Nan Da Meng Guo Ji Zi Yuan You Xian Gong Si

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