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China Shipbuilding Industry Group Power Co (SHSE:600482) Receivables Turnover : 0.81 (As of Sep. 2024)


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What is China Shipbuilding Industry Group Power Co 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 Shipbuilding Industry Group Power Co's Revenue for the three months ended in Sep. 2024 was ¥11,759 Mil. China Shipbuilding Industry Group Power Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥14,512 Mil. Hence, China Shipbuilding Industry Group Power Co's Receivables Turnover for the three months ended in Sep. 2024 was 0.81.


China Shipbuilding Industry Group Power Co Receivables Turnover Historical Data

The historical data trend for China Shipbuilding Industry Group Power Co'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 Shipbuilding Industry Group Power Co Receivables Turnover Chart

China Shipbuilding Industry Group Power Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.14 2.14 3.12 3.43 3.58

China Shipbuilding Industry Group Power Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.72 0.86 0.84 0.95 0.81

Competitive Comparison of China Shipbuilding Industry Group Power Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, China Shipbuilding Industry Group Power Co'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 Shipbuilding Industry Group Power Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, China Shipbuilding Industry Group Power Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Shipbuilding Industry Group Power Co's Receivables Turnover falls into.



China Shipbuilding Industry Group Power Co Receivables Turnover Calculation

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

China Shipbuilding Industry Group Power Co'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 )
=45102.804 / ((11773.956 + 13402.004) / 2 )
=45102.804 / 12587.98
=3.58

China Shipbuilding Industry Group Power Co's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=11758.768 / ((14733.16 + 14289.905) / 2 )
=11758.768 / 14511.5325
=0.81

* 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.


China Shipbuilding Industry Group Power Co  (SHSE:600482) 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 Shipbuilding Industry Group Power Co Receivables Turnover Related Terms

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China Shipbuilding Industry Group Power Co Business Description

Traded in Other Exchanges
N/A
Address
Number 8 Fuchang Road, Hebei, Baoding, CHN, 071057
China Shipbuilding Industry Group Power Co Ltd is engaged in manufacturing and supplying power equipment in China and internationally. Its products include diesel engine, gas, steam, heat engine, electric, chemical, marine nuclear, other power equipment, as well as related auxiliary machinery. The company's products are used in automobiles, ships and marine engineering, engineering, machinery, and land-use power plants, as well as petrochemical, civil nuclear power, distributed energy, and other industries.
Executives
Zhang Yi Jie Supervisors
Yuan Jian Qiang Supervisors
Xi Chun Qing Supervisors
Han Jun Director
Zhang Yu Feng senior management
Liu Bao Sheng Director
Tian Yu Shuang Supervisors
Li Sen senior management
Zhang Ya Guang senior management
Wu Lei Director
Li Yong Director
Zhou Zhong Jie senior management
Zhen Zhi Jun Director
Yang Er Shun senior management
Wang Jian Xin senior management

China Shipbuilding Industry Group Power Co Headlines

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