Petrovietnam Power Nhon Trach 2 JSC (STC:NT2) Receivables Turnover : 0.13 (As of Mar. 2024)

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What is Petrovietnam Power Nhon Trach 2 JSC 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. Petrovietnam Power Nhon Trach 2 JSC's Revenue for the three months ended in Mar. 2024 was ₫261,907 Mil. Petrovietnam Power Nhon Trach 2 JSC's average Accounts Receivable for the three months ended in Mar. 2024 was ₫1,980,799 Mil. Hence, Petrovietnam Power Nhon Trach 2 JSC's Receivables Turnover for the three months ended in Mar. 2024 was 0.13.

Petrovietnam Power Nhon Trach 2 JSC Receivables Turnover Historical Data

The historical data trend for Petrovietnam Power Nhon Trach 2 JSC'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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Petrovietnam Power Nhon Trach 2 JSC Receivables Turnover Chart

Petrovietnam Power Nhon Trach 2 JSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.05

4.42

3.43

3.46

2.48

Petrovietnam Power Nhon Trach 2 JSC 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															0.60	0.46	0.20	0.45	0.13

Competitive Comparison of Petrovietnam Power Nhon Trach 2 JSC's Receivables Turnover

For the Utilities - Regulated Electric subindustry, Petrovietnam Power Nhon Trach 2 JSC'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.

Petrovietnam Power Nhon Trach 2 JSC's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Petrovietnam Power Nhon Trach 2 JSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Petrovietnam Power Nhon Trach 2 JSC's Receivables Turnover falls into.

Petrovietnam Power Nhon Trach 2 JSC Receivables Turnover Calculation

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

Petrovietnam Power Nhon Trach 2 JSC'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 )
=	6385884.555	/ (	(2890771.986	+	2253576.683)	/	2 )
=	6385884.555	/	2572174.3345
=	2.48

Petrovietnam Power Nhon Trach 2 JSC'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 )
=	261906.935	/ (	(2253576.683	+	1708021.13)	/	2 )
=	261906.935	/	1980798.9065
=	0.13

Petrovietnam Power Nhon Trach 2 JSC (STC:NT2) 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.

Petrovietnam Power Nhon Trach 2 JSC Receivables Turnover Related Terms

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Petrovietnam Power Nhon Trach 2 JSC (STC:NT2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Petrovietnam Power Nhon Trach 2 JSC (STC:NT2) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Petroleum Power Center, Phuoc Khanh Commune, Nhon Trach district, Dong Nai, VNM

Website

https://www.pvpnt2.vn

Petrovietnam Power Nhon Trach 2 Joint Stock Co is a Vietnam-based company engaged in power generation, transmission, and distribution. It also provides support activities like service activities for water transport, Architectural activities, wholesale of solid, liquid, and gaseous fuels, warehousing and storage of food, freight transport by road, wholesale of machinery, freight inland waterway, and vocational education.

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