Zhaojin Mining Industry Co (FRA:ZVL) Receivables Turnover : 11.40 (As of Dec. 2023)

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What is Zhaojin Mining Industry 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. Zhaojin Mining Industry Co's Revenue for the six months ended in Dec. 2023 was €639 Mil. Zhaojin Mining Industry Co's average Accounts Receivable for the six months ended in Dec. 2023 was €56 Mil. Hence, Zhaojin Mining Industry Co's Receivables Turnover for the six months ended in Dec. 2023 was 11.40.

Zhaojin Mining Industry Co Receivables Turnover Historical Data

The historical data trend for Zhaojin Mining Industry 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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Zhaojin Mining Industry Co Receivables Turnover Chart

Zhaojin Mining Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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50.88

53.75

44.68

41.04

36.80

Zhaojin Mining Industry Co 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															15.41	16.10	17.79	8.11	11.40

Competitive Comparison of Zhaojin Mining Industry Co's Receivables Turnover

For the Gold subindustry, Zhaojin Mining Industry 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.

Zhaojin Mining Industry Co's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Zhaojin Mining Industry Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Zhaojin Mining Industry Co's Receivables Turnover falls into.

Zhaojin Mining Industry Co Receivables Turnover Calculation

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

Zhaojin Mining Industry 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 )
=	1081.827	/ (	(28.102	+	30.688)	/	2 )
=	1081.827	/	29.395
=	36.80

Zhaojin Mining Industry Co'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 )
=	639.147	/ (	(81.412	+	30.688)	/	2 )
=	639.147	/	56.05
=	11.40

Zhaojin Mining Industry Co (FRA:ZVL) 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.

Zhaojin Mining Industry Co Receivables Turnover Related Terms

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Zhaojin Mining Industry Co (FRA:ZVL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zhaojin Mining Industry Co Ltd (FRA:ZVL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ZHAOF:USA 01818:Hong Kong ZVL:Germany

Address

1 Matheson Street, Times Square, 31st Floor, Tower Two, Causeway Bay, Hong Kong, HKG

Website

https://www.zhaojin.com.cn

Zhaojin Mining Industry Co Ltd is engaged in the mining, processing, smelting, and sale of gold and silver products. The exploration, mining, ore processing, smelting, and sale of gold and other metallic products, is a large integrated mining enterprise specializing in the production of gold. It produces two kinds of gold products, Au9999 and Au9995 gold bullions under the brand Zhaojin. It has three reportable operating segments, the gold operations segment consists of gold mining and smelting operations; the copper operations segment consists of copper mining and smelting operations; the others segment comprises other investment activities, operation of a finance company, operation and catering services of a hotel, exploration services and engineering design and consulting services.

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