China Shipbuilding Industry Group Power Co (SHSE:600482) Receivables Turnover : 0.84 (As of Mar. 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 Mar. 2024 was ¥11,402 Mil. China Shipbuilding Industry Group Power Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥13,521 Mil. Hence, China Shipbuilding Industry Group Power Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.84.

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

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2.14

3.12

3.43

3.58

China Shipbuilding Industry Group Power Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.74	0.88	0.72	0.86	0.84

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 Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	11401.795	/ (	(13402.004	+	13639.767)	/	2 )
=	11401.795	/	13520.8855
=	0.84

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 (SHSE:600482) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Shipbuilding Industry Group Power Co Ltd (SHSE:600482) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 8 Fuchang Road, Hebei, Baoding, CHN, 071057

Website

http://www.china-csicpower.com.cn

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 (SHSE:600482) Headlines

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