China Water Affairs Group (HKSE:00855) Receivables Turnover : 3.03 (As of Sep. 2023)

View and export this data going back to 1999. Start your Free Trial

What is China Water Affairs Group 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 Water Affairs Group's Revenue for the six months ended in Sep. 2023 was HK$6,846 Mil. China Water Affairs Group's average Accounts Receivable for the six months ended in Sep. 2023 was HK$2,256 Mil. Hence, China Water Affairs Group's Receivables Turnover for the six months ended in Sep. 2023 was 3.03.

China Water Affairs Group Receivables Turnover Historical Data

The historical data trend for China Water Affairs Group'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.

* Premium members only.

China Water Affairs Group Receivables Turnover Chart

China Water Affairs Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

Get a 7-Day Free Trial

6.97

6.55

8.35

9.42

7.66

China Water Affairs Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															5.11	4.25	3.94	3.81	3.03

Competitive Comparison of China Water Affairs Group's Receivables Turnover

For the Utilities - Regulated Water subindustry, China Water Affairs Group'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 Water Affairs Group's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, China Water Affairs Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Water Affairs Group's Receivables Turnover falls into.

China Water Affairs Group Receivables Turnover Calculation

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

China Water Affairs Group's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	14194.953	/ (	(1630.996	+	2076.871)	/	2 )
=	14194.953	/	1853.9335
=	7.66

China Water Affairs Group's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	6845.957	/ (	(2076.871	+	2435.014)	/	2 )
=	6845.957	/	2255.9425
=	3.03

China Water Affairs Group (HKSE:00855) 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 Water Affairs Group Receivables Turnover Related Terms

Thank you for viewing the detailed overview of China Water Affairs Group's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

China Water Affairs Group (HKSE:00855) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Water Affairs Group Ltd (HKSE:00855) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CWAFF:USA CUBB:Germany

Address

18 Harbour Road, Central Plaza, Suite 6408, 64th Floor, Wanchai, Hong Kong, HKG

Website

http://www.chinawatergroup.com

China Water Affairs Group Ltd is a Chinese water utility company that builds, operates, and invests in water affairs projects in China. The firm's primary segments include City water supply operation, main contractor construction, Environmental protection, and Property development and investment, Pipeline direct drinking water supply. It generates a majority of its revenue from the City water supply operation segment. Geographically, the company generates a major share of its revenue from the People's Republic of China.

Executives

Orix Corporation	2201 Interest of corporation controlled by you
Duan Chuan Liang	2101 Beneficial owner

China Water Affairs Group (HKSE:00855) Headlines

No Headlines