CITIC Envirotech (SGX:CEE) Receivables Turnover : 0.65 (As of Sep. 2019)

View and export this data going back to 2004. Start your Free Trial

What is CITIC Envirotech 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. CITIC Envirotech's Revenue for the three months ended in Sep. 2019 was S$164.3 Mil. CITIC Envirotech's average Accounts Receivable for the three months ended in Sep. 2019 was S$254.6 Mil. Hence, CITIC Envirotech's Receivables Turnover for the three months ended in Sep. 2019 was 0.65.

CITIC Envirotech Receivables Turnover Historical Data

The historical data trend for CITIC Envirotech'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.

* Premium members only.

CITIC Envirotech Receivables Turnover Chart

CITIC Envirotech Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Dec16

Dec17

Dec18

Receivables Turnover

Get a 7-Day Free Trial

1.96

2.15

2.45

2.82

3.87

CITIC Envirotech Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Receivables Turnover	Get a 7-Day Free Trial															0.77	0.75	0.28	0.77	0.65

Competitive Comparison of CITIC Envirotech's Receivables Turnover

For the Pollution & Treatment Controls subindustry, CITIC Envirotech'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.

CITIC Envirotech's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, CITIC Envirotech's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where CITIC Envirotech's Receivables Turnover falls into.

CITIC Envirotech Receivables Turnover Calculation

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

CITIC Envirotech's Receivables Turnover for the fiscal year that ended in Dec. 2018 is calculated as

	Receivables Turnover (A: Dec. 2018 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2018 )	/ (	(Accounts Receivable (A: Dec. 2017 )	+	Accounts Receivable (A: Dec. 2018 ))	/	count )
=	994.466	/ (	(252.826	+	260.979)	/	2 )
=	994.466	/	256.9025
=	3.87

CITIC Envirotech's Receivables Turnover for the quarter that ended in Sep. 2019 is calculated as

	Receivables Turnover (Q: Sep. 2019 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2019 )	/ (	(Accounts Receivable (Q: Jun. 2019 )	+	Accounts Receivable (Q: Sep. 2019 ))	/	count )
=	164.298	/ (	(260.343	+	248.859)	/	2 )
=	164.298	/	254.601
=	0.65

CITIC Envirotech (SGX:CEE) 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.

CITIC Envirotech Receivables Turnover Related Terms

Thank you for viewing the detailed overview of CITIC Envirotech's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

CITIC Envirotech (SGX:CEE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CITIC Envirotech Ltd (SGX:CEE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Science Park Road, No. 01-01 The Alpha, Singapore, SGP, 117684

Website

http://www.citicenvirotech.com

CITIC Envirotech Ltd is a provider of membrane-based integrated environmental solutions. The company manufactures membrane products whose technologies are applied for the treatment and recycling of wastewater. Its principal activities include design, fabrication, installation, and commissioning of water and wastewater systems. The company operates through two segments. Its Engineering and membrane system comprises of Engineering and Membrane system sales. The Treatment segment is engaged in the rendering of wastewater treatment services and the Membrane manufacturing and sales segment manufactures and sells polymers. The company's geographical area of operation includes the People's Republic of China, the United States of America and Malaysia.