China Aviation Oil (Singapore) (FRA:VZ8) Receivables Turnover : 9.86 (As of Dec. 2023)

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What is China Aviation Oil (Singapore) 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 Aviation Oil (Singapore)'s Revenue for the six months ended in Dec. 2023 was €7,476 Mil. China Aviation Oil (Singapore)'s average Accounts Receivable for the six months ended in Dec. 2023 was €758 Mil. Hence, China Aviation Oil (Singapore)'s Receivables Turnover for the six months ended in Dec. 2023 was 9.86.

China Aviation Oil (Singapore) Receivables Turnover Historical Data

The historical data trend for China Aviation Oil (Singapore)'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 Aviation Oil (Singapore) Receivables Turnover Chart

China Aviation Oil (Singapore) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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26.03

10.83

21.12

27.35

19.00

China Aviation Oil (Singapore) 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															9.70	10.60	8.50	9.69	9.86

Competitive Comparison of China Aviation Oil (Singapore)'s Receivables Turnover

For the Oil & Gas Refining & Marketing subindustry, China Aviation Oil (Singapore)'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 Aviation Oil (Singapore)'s Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, China Aviation Oil (Singapore)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Aviation Oil (Singapore)'s Receivables Turnover falls into.

China Aviation Oil (Singapore) Receivables Turnover Calculation

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

China Aviation Oil (Singapore)'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 )
=	13231.918	/ (	(535.983	+	856.634)	/	2 )
=	13231.918	/	696.3085
=	19.00

China Aviation Oil (Singapore)'s Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	7475.846	/ (	(660.335	+	856.634)	/	2 )
=	7475.846	/	758.4845
=	9.86

China Aviation Oil (Singapore) (FRA:VZ8) 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 Aviation Oil (Singapore) Receivables Turnover Related Terms

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China Aviation Oil (Singapore) (FRA:VZ8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Aviation Oil (Singapore) Corp Ltd (FRA:VZ8) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

G92:Singapore VZ8:Germany

Address

8 Temasek Boulevard, No. 31-02 Suntec Tower Three, Singapore, SGP, 038988

Website

https://www.caosco.com

China Aviation Oil (Singapore) Corp Ltd provides transportation fuels. With the core business involving the supply and trading of jet fuel across China and internationally, covering Asia-Pacific, North America, Europe, and the Middle East, the company also trades other oil products, which include fuel oil, gas oil, aviation gas, and crude oil in the Asia-Pacific region. The company operates in three segments: Middle Distillates, Other Oil Products, and Investments in Oil-Related Assets. The Middle Distillates segment engages in supplying and trading jet fuel and gas oil. Other oil products segment is into fuel oil, crude oil, and gasoline supply and trading.

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