COSCO SHIPPING Energy Transportation Co (HKSE:01138) Receivables Turnover : 5.48 (As of Dec. 2023)

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What is COSCO SHIPPING Energy Transportation 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. COSCO SHIPPING Energy Transportation Co's Revenue for the three months ended in Dec. 2023 was HK$5,882 Mil. COSCO SHIPPING Energy Transportation Co's average Accounts Receivable for the three months ended in Dec. 2023 was HK$1,074 Mil. Hence, COSCO SHIPPING Energy Transportation Co's Receivables Turnover for the three months ended in Dec. 2023 was 5.48.

COSCO SHIPPING Energy Transportation Co Receivables Turnover Historical Data

The historical data trend for COSCO SHIPPING Energy Transportation 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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COSCO SHIPPING Energy Transportation Co Receivables Turnover Chart

COSCO SHIPPING Energy Transportation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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16.09

21.01

24.87

39.08

38.47

COSCO SHIPPING Energy Transportation Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															7.33	5.10	3.64	5.48	9.95

Competitive Comparison of COSCO SHIPPING Energy Transportation Co's Receivables Turnover

For the Marine Shipping subindustry, COSCO SHIPPING Energy Transportation 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.

COSCO SHIPPING Energy Transportation Co's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, COSCO SHIPPING Energy Transportation Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where COSCO SHIPPING Energy Transportation Co's Receivables Turnover falls into.

COSCO SHIPPING Energy Transportation Co Receivables Turnover Calculation

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

COSCO SHIPPING Energy Transportation 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 )
=	23967.382	/ (	(608.655	+	637.237)	/	2 )
=	23967.382	/	622.946
=	38.47

COSCO SHIPPING Energy Transportation 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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	5882.183	/ (	(1511.113	+	637.237)	/	2 )
=	5882.183	/	1074.175
=	5.48

COSCO SHIPPING Energy Transportation Co (HKSE:01138) 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.

COSCO SHIPPING Energy Transportation Co Receivables Turnover Related Terms

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COSCO SHIPPING Energy Transportation Co (HKSE:01138) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING Energy Transportation Co Ltd (HKSE:01138) » Definitions » Receivables Turnover

Traded in Other Exchanges

HIFH:Germany 600026:China

Address

No.670 Dongdaming Road, 7th Floor, Hongkou District, Shanghai, CHN, 200080

Website

https://energy.coscoshipping.com

COSCO SHIPPING Energy Transportation Co Ltd engages in the shipping business. The firm's business covers oil shipping, which includes vessel chartering. The company operates through the following segments: Oil shipment, LNG and Others. The majority of the firm's revenue gets dominated by the Oil shipment segment.

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