CPMC Holdings (HKSE:00906) Receivables Turnover : 1.85 (As of Jun. 2024)

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What is CPMC 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. CPMC Holdings's Revenue for the six months ended in Jun. 2024 was HK$5,972 Mil. CPMC Holdings's average Accounts Receivable for the six months ended in Jun. 2024 was HK$3,223 Mil. Hence, CPMC Holdings's Receivables Turnover for the six months ended in Jun. 2024 was 1.85.

CPMC Holdings Receivables Turnover Historical Data

The historical data trend for CPMC 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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CPMC Holdings Receivables Turnover Chart

CPMC Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.09

3.89

4.44

4.01

3.90

CPMC Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															1.98	1.81	1.83	1.70	1.85

Competitive Comparison of CPMC Holdings's Receivables Turnover

For the Packaging & Containers subindustry, CPMC 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.

CPMC Holdings's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, CPMC Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where CPMC Holdings's Receivables Turnover falls into.

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CPMC Holdings Receivables Turnover Calculation

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

CPMC Holdings'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 )
=	11227.979	/ (	(2856.534	+	2906.328)	/	2 )
=	11227.979	/	2881.431
=	3.90

CPMC Holdings's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	5972.176	/ (	(2906.328	+	3539.464)	/	2 )
=	5972.176	/	3222.896
=	1.85

CPMC Holdings (HKSE:00906) 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.

CPMC Holdings Receivables Turnover Related Terms

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CPMC Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » CPMC Holdings Ltd (HKSE:00906) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 160, Weiken Street, Hangzhou Economic and Technical Development Zone, Zhejiang Province, Hangzhou, CHN, 310018

Website

http://www.cofco-pack.com

CPMC Holdings Ltd is an investment holding company engaged in the manufacturing and sales of packaging products used for consumer goods such as food, beverages, and household chemical products. The company operates in three segments; Tinplate packaging includes tinplate packaging products, which include, milk powder cans, aerosol cans, metal caps, steel barrels, and other metal packaging, Aluminum packaging includes aluminum packaging products of two-piece beverage cans and one-piece bottles, and Plastic packaging includes plastic packaging products used for milk bottles, shampoo bottles, plastic devices of electronic products, daily use hardware, package printing, sports drink bottles, and related plastic-made products.

Executives

Zhou Yunjie
Shang Hai Yuan Long Tou Zi Kong Gu Ji Tuan You Xian Gong Si
Ao Rui Jin Ke Ji Gu Fen You Xian Gong Si
Bei Jing Shi Hua Rui Feng Quan Guan Li Zi Xun You Xian Gong Si	2201 Interest of corporation controlled by you
Bei Jing Jing He Bao Zhuang Zhi Zao You Xian Gong Si	2201 Interest of corporation controlled by you
China Foods (holdings) Limited
Cofco (hong Kong) Limited
Cofco Corporation
Zhang Wei	2201 Interest of corporation controlled by you
China International Capital Corporation (hong Kong) Limited	2201 Interest of corporation controlled by you
China International Capital Corporation Hong Kong Securities Limited	2106 Person having a security interest in shares
Yuanhao Greater China Fund
Wing Lung Bank (trustee) Limited	2301 Trustee

CPMC Holdings Headlines

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