E-Commodities Holdings (HKSE:01733) Receivables Turnover : 10.89 (As of Dec. 2023)

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What is E-Commodities Holdings 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. E-Commodities Holdings's Revenue for the six months ended in Dec. 2023 was HK$22,074 Mil. E-Commodities Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$2,027 Mil. Hence, E-Commodities Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 10.89.

E-Commodities Holdings Receivables Turnover Historical Data

The historical data trend for E-Commodities Holdings'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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E-Commodities Holdings Receivables Turnover Chart

E-Commodities Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.33

12.53

19.04

13.91

24.99

E-Commodities Holdings 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															11.75	5.02	6.61	8.41	10.89

Competitive Comparison of E-Commodities Holdings's Receivables Turnover

For the Thermal Coal subindustry, E-Commodities Holdings'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.

E-Commodities Holdings's Receivables Turnover Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, E-Commodities Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where E-Commodities Holdings's Receivables Turnover falls into.

E-Commodities Holdings Receivables Turnover Calculation

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

E-Commodities Holdings'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 )
=	40586.665	/ (	(1799.92	+	1448.198)	/	2 )
=	40586.665	/	1624.059
=	24.99

E-Commodities Holdings'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 )
=	22074.194	/ (	(2605.142	+	1448.198)	/	2 )
=	22074.194	/	2026.67
=	10.89

E-Commodities Holdings (HKSE:01733) 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.

E-Commodities Holdings Receivables Turnover Related Terms

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E-Commodities Holdings (HKSE:01733) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » E-Commodities Holdings Ltd (HKSE:01733) » Definitions » Receivables Turnover

Traded in Other Exchanges

WWY1:Germany

Address

Room 706, Tower B, Tianrun Fortune Center, No. 58, Dongzongbu Hutong, Dongcheng District, Beijing, CHN, 100005

Website

http://www.e-comm.com

E-Commodities Holdings Ltd is a company principally engaged in the processing and trading of coking coal and other products and rendering of logistics services. The group has two business divisions. The processing and trading of coking coal and other products segment manages and operates coal processing plants and generates income from processing and trading of coking coal and other products to external customers. Rendering of integrated supply chain services segment constructs, manages and operates processing factories and logistics parks and generates income from rendering of warehousing. Majority of the firm's revenue comes from the processing and trading of coking coal and other products segment.

Executives

Bai Jianping	2201 Interest of corporation controlled by you
Famous Speech Limited	2401 A concert party to an agreement to buy shares
Wang Xingchun	2501 Other
Wang Yihan	2501 Other
Winsway Resources Holdings Limited	2401 A concert party to an agreement to buy shares
China Minmetals Corporation	2501 Other
China Minmetals Corporation Limited	2501 Other
China Minmetals H.k. (holdings) Ltd.	2201 Interest of corporation controlled by you
Magnificent Gardenia Limited	2401 A concert party to an agreement to buy shares
Minmetals International Trading Co., Pte. Ltd	2201 Interest of corporation controlled by you
Minmetals South-east Asia Corp. Pte. Ltd	2201 Interest of corporation controlled by you

E-Commodities Holdings (HKSE:01733) Headlines

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