China Shuifa Singyes Energy Holdings (China Shuifa Singyes Energy Holdings) Receivables Turnover : 0.50 (As of Jun. 2023)

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What is China Shuifa Singyes Energy Holdings 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 Shuifa Singyes Energy Holdings's Revenue for the six months ended in Jun. 2023 was $311.6 Mil. China Shuifa Singyes Energy Holdings's average Accounts Receivable for the six months ended in Jun. 2023 was $627.9 Mil. Hence, China Shuifa Singyes Energy Holdings's Receivables Turnover for the six months ended in Jun. 2023 was 0.50.

China Shuifa Singyes Energy Holdings Receivables Turnover Historical Data

The historical data trend for China Shuifa Singyes Energy Holdings'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 Shuifa Singyes Energy Holdings Receivables Turnover Chart

China Shuifa Singyes Energy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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0.90

1.47

1.77

1.21

0.90

China Shuifa Singyes Energy Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.11	0.85	0.43	0.50	0.45

Competitive Comparison of China Shuifa Singyes Energy Holdings's Receivables Turnover

For the Solar subindustry, China Shuifa Singyes Energy Holdings'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 Shuifa Singyes Energy Holdings's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, China Shuifa Singyes Energy Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Shuifa Singyes Energy Holdings's Receivables Turnover falls into.

China Shuifa Singyes Energy Holdings Receivables Turnover Calculation

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

China Shuifa Singyes Energy Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	704.89	/ (	(522.127	+	644.656)	/	2 )
=	704.89	/	583.3915
=	1.21

China Shuifa Singyes Energy Holdings's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	311.628	/ (	(644.656	+	611.219)	/	2 )
=	311.628	/	627.9375
=	0.50

China Shuifa Singyes Energy Holdings (OTCPK:CSSXF) 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 Shuifa Singyes Energy Holdings Receivables Turnover Related Terms

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China Shuifa Singyes Energy Holdings (China Shuifa Singyes Energy Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » China Shuifa Singyes Energy Holdings Ltd (OTCPK:CSSXF) » Definitions » Receivables Turnover

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00750:Hong Kong

Address

168-200 Connaught Road Central, Unit 3108, 31st Floor, China Merchants Tower, Shun Tak Centre, Sheung Wan, Hong Kong, HKG

Website

https://www.sfsyenergy.com

China Shuifa Singyes Energy Holdings Ltd is an investment holding company. The company is a professional renewable energy solution provider and building contractor. The principal activities of the company include design, fabrication, and installation of conventional curtain walls and solar projects. The operating segment includes Construction services, Sale of products, Sale of electricity and related tariff subsidy and Others. Majority revenue derived from Construction services segment.

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