China Suntien Green Energy (HKSE:00956) Receivables Turnover : 0.76 (As of Dec. 2024)

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What is China Suntien Green Energy 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 Suntien Green Energy's Revenue for the three months ended in Dec. 2024 was HK$5,961 Mil. China Suntien Green Energy's average Accounts Receivable for the three months ended in Dec. 2024 was HK$7,823 Mil. Hence, China Suntien Green Energy's Receivables Turnover for the three months ended in Dec. 2024 was 0.76.

China Suntien Green Energy Receivables Turnover Historical Data

The historical data trend for China Suntien Green Energy'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 Suntien Green Energy Receivables Turnover Chart

China Suntien Green Energy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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3.06

2.84

2.94

3.47

3.16

China Suntien Green Energy Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															1.16	1.19	0.59	0.51	0.76

Competitive Comparison of China Suntien Green Energy's Receivables Turnover

For the Utilities - Regulated Gas subindustry, China Suntien Green Energy'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 Suntien Green Energy's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, China Suntien Green Energy's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Suntien Green Energy's Receivables Turnover falls into.

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China Suntien Green Energy Receivables Turnover Calculation

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

China Suntien Green Energy's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	22818.42	/ (	(6800.771	+	7636.018)	/	2 )
=	22818.42	/	7218.3945
=	3.16

China Suntien Green Energy's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	5960.604	/ (	(8009.501	+	7636.018)	/	2 )
=	5960.604	/	7822.7595
=	0.76

China Suntien Green Energy (HKSE:00956) 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 Suntien Green Energy Receivables Turnover Related Terms

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China Suntien Green Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Suntien Green Energy Corp Ltd (HKSE:00956) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

9C6:Germany 600956:China

Address

No. 9 Yuhua West Road, 9th Floor, Block A, Yuyuan Plaza, Qiaoxi District, Hebei Province, Shijiazhuang, CHN, 050001

Website

https://www.suntien.com

China Suntien Green Energy is engaged in the wind power, photovoltaic, and natural gas businesses. The natural gas segment is involved in the sales of natural gas and gas appliances, and the provision of construction and connection services of natural gas pipelines. The wind and solar energy segment sells electricity to external grid companies by operating wind farms and solar energy plants. In 2024, the firm's natural gas transmission volume was 5,888 million cubic meters, while sales volume of electricity was 13.78 billion kilowatt-hours. As of end-2024, the firm had consolidated renewable energy (wind and solar) installed capacity of 6.96 gigawatts.

Executives

Chang Cheng Ren Shou Bao Xian Gu Fen You Xian Gong Si	2101 Beneficial owner
Guang Zhou Yue Xiu Chan Ye Tou Zi You Xian Gong Si	2101 Beneficial owner
Guang Zhou Yue Xiu Zi Ben Kong Gu Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Zhou Yue Xiu Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Ning Quan Zi Chan Guan Li You Xian Gong Si	2102 Investment manager
Brown Brothers Harriman & Co.	2502 Approved lending agent
Citigroup Inc.	2502 Approved lending agent
Gic Private Limited	2102 Investment manager
Morgan Stanley	2201 Interest of corporation controlled by you
Blackrock, Inc.	2201 Interest of corporation controlled by you
Fil Limited	2201 Interest of corporation controlled by you
Pandanus Associates Inc.	2201 Interest of corporation controlled by you
Pandanus Partners L.p.	2201 Interest of corporation controlled by you

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