AECC Aero-Engine Controls Co (SZSE:000738) Receivables Turnover : 0.65 (As of Mar. 2024)

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What is AECC Aero-Engine Controls 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. AECC Aero-Engine Controls Co's Revenue for the three months ended in Mar. 2024 was ¥1,415 Mil. AECC Aero-Engine Controls Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥2,167 Mil. Hence, AECC Aero-Engine Controls Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.65.

AECC Aero-Engine Controls Co Receivables Turnover Historical Data

The historical data trend for AECC Aero-Engine Controls 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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AECC Aero-Engine Controls Co Receivables Turnover Chart

AECC Aero-Engine Controls Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.43

3.93

4.46

5.13

4.03

AECC Aero-Engine Controls 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															0.80	0.56	0.47	0.53	0.65

Competitive Comparison of AECC Aero-Engine Controls Co's Receivables Turnover

For the Aerospace & Defense subindustry, AECC Aero-Engine Controls 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.

AECC Aero-Engine Controls Co's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, AECC Aero-Engine Controls Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where AECC Aero-Engine Controls Co's Receivables Turnover falls into.

AECC Aero-Engine Controls Co Receivables Turnover Calculation

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

AECC Aero-Engine Controls 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 )
=	5324.045	/ (	(1088.402	+	1556.909)	/	2 )
=	5324.045	/	1322.6555
=	4.03

AECC Aero-Engine Controls 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 )
=	1415.163	/ (	(1556.909	+	2777.078)	/	2 )
=	1415.163	/	2166.9935
=	0.65

AECC Aero-Engine Controls Co (SZSE:000738) 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.

AECC Aero-Engine Controls Co Receivables Turnover Related Terms

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AECC Aero-Engine Controls Co (SZSE:000738) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AECC Aero-Engine Controls Co Ltd (SZSE:000738) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

No.72 , Liangxi Road, Binhu District, Jiangsu Province, Wuxi City, CHN

Website

http://www.aaec.com.cn

AECC Aero-Engine Controls Co Ltd is engaged in the provision of aviation and defense and non-aviation civilian products. The company provides civil aviation control system precision components for well-known aviation companies abroad. It operates through three major business segments, Engine Control Systems and Components, International Cooperation and Non-Navigation Products. The Engine Control System and Components business mainly include the development, production, repair, and sales of aero-engine control systems and derivative products.

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