Vinacomin Machinery Joint Stock Company (HSTC:CTT) Receivables Turnover : 1.90 (As of Sep. 2023)

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What is Vinacomin Machinery Joint Stock Company 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. Vinacomin Machinery Joint Stock Company's Revenue for the three months ended in Sep. 2023 was ₫584,828 Mil. Vinacomin Machinery Joint Stock Company's average Accounts Receivable for the three months ended in Sep. 2023 was ₫308,194 Mil. Hence, Vinacomin Machinery Joint Stock Company's Receivables Turnover for the three months ended in Sep. 2023 was 1.90.

Vinacomin Machinery Joint Stock Company Receivables Turnover Historical Data

The historical data trend for Vinacomin Machinery Joint Stock Company'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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Vinacomin Machinery Joint Stock Company Receivables Turnover Chart

Vinacomin Machinery Joint Stock Company Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Receivables Turnover

5.28

6.68

8.55

9.99

Vinacomin Machinery Joint Stock Company Quarterly Data
	Dec18	Mar19	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial													2.58	2.11	1.57	1.57	1.90

Competitive Comparison of Vinacomin Machinery Joint Stock Company's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Vinacomin Machinery Joint Stock Company'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.

Vinacomin Machinery Joint Stock Company's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Vinacomin Machinery Joint Stock Company's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Vinacomin Machinery Joint Stock Company's Receivables Turnover falls into.

Vinacomin Machinery Joint Stock Company Receivables Turnover Calculation

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

Vinacomin Machinery Joint Stock Company's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Receivables Turnover (A: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2021 )	/ (	(Accounts Receivable (A: Dec. 2020 )	+	Accounts Receivable (A: Dec. 2021 ))	/	count )
=	2069283.929	/ (	(180848.261	+	233257.399)	/	2 )
=	2069283.929	/	207052.83
=	9.99

Vinacomin Machinery Joint Stock Company's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	584828.393	/ (	(303556.081	+	312832.22)	/	2 )
=	584828.393	/	308194.1505
=	1.90

Vinacomin Machinery Joint Stock Company (HSTC:CTT) 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.

Vinacomin Machinery Joint Stock Company Receivables Turnover Related Terms

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Vinacomin Machinery Joint Stock Company (HSTC:CTT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vinacomin Machinery Joint Stock Company (HSTC:CTT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 486, Tran Phu Street, Quang Ninh Province, Cam Thuy Ward, Cam Pha City, VNM

Website

http://www.chetaomay.com.vn

Vinacomin Machinery Joint Stock Company is a Vietnam based machinery manufacturing company. It provides power protector, cutting machine, drilling machine, hydraulic.