Chien Shing Harbour Service Co (TPE:8367) Receivables Turnover : 1.47 (As of Mar. 2024)

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What is Chien Shing Harbour Service 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. Chien Shing Harbour Service Co's Revenue for the three months ended in Mar. 2024 was NT$625 Mil. Chien Shing Harbour Service Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$424 Mil. Hence, Chien Shing Harbour Service Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.47.

Chien Shing Harbour Service Co Receivables Turnover Historical Data

The historical data trend for Chien Shing Harbour Service 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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Chien Shing Harbour Service Co Receivables Turnover Chart

Chien Shing Harbour Service Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.30

6.63

8.28

6.58

5.72

Chien Shing Harbour Service 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															1.44	1.79	1.82	1.80	1.47

Competitive Comparison of Chien Shing Harbour Service Co's Receivables Turnover

For the Marine Shipping subindustry, Chien Shing Harbour Service 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.

Chien Shing Harbour Service Co's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Chien Shing Harbour Service Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Chien Shing Harbour Service Co's Receivables Turnover falls into.

Chien Shing Harbour Service Co Receivables Turnover Calculation

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

Chien Shing Harbour Service 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 )
=	2320.53	/ (	(358.894	+	451.958)	/	2 )
=	2320.53	/	405.426
=	5.72

Chien Shing Harbour Service 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 )
=	625.09	/ (	(451.958	+	395.677)	/	2 )
=	625.09	/	423.8175
=	1.47

Chien Shing Harbour Service Co (TPE:8367) 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.

Chien Shing Harbour Service Co Receivables Turnover Related Terms

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Chien Shing Harbour Service Co (TPE:8367) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chien Shing Harbour Service Co Ltd (TPE:8367) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 150, Section 9, Taiwan Avenue, Wuqi District, Taichung, TWN, 435

Website

https://www.chienshing.com.tw

Chien Shing Harbour Service Co Ltd is a Taiwan-based shipping company. Its main business activities include warehousing service, operation of gas stations, sale of gasoline and diesel, operation of convenience stores, automobile cargo transportation, automobile container transport, container leasing, operation of the container terminal, customs brokerage, and vessel stevedoring service. The group has four operating segments - The warehousing segment, the Customs brokerage department, the Transportation segment and the Vessel stevedoring segment. The majority is from the vessel stevedoring segment, which is responsible for stevedoring of break bulk cargo for businesses and shipping companies locally and abroad.

Chien Shing Harbour Service Co (TPE:8367) Headlines

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