MIE Holdings (HKSE:01555) Receivables Turnover : 5.82 (As of Dec. 2024)

View and export this data going back to 2010. Start your Free Trial

What is MIE 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. MIE Holdings's Revenue for the six months ended in Dec. 2024 was HK$465.8 Mil. MIE Holdings's average Accounts Receivable for the six months ended in Dec. 2024 was HK$80.0 Mil. Hence, MIE Holdings's Receivables Turnover for the six months ended in Dec. 2024 was 5.82.

MIE Holdings Receivables Turnover Historical Data

The historical data trend for MIE 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.

* Premium members only.

MIE Holdings Receivables Turnover Chart

MIE Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

Get a 7-Day Free Trial

10.47

15.06

13.95

10.37

11.51

MIE Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															5.43	5.02	5.98	5.50	5.82

Competitive Comparison of MIE Holdings's Receivables Turnover

For the Oil & Gas E&P subindustry, MIE 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.

MIE Holdings's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, MIE Holdings's Receivables Turnover distribution charts can be found below:

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

Save Embed

;

Save Embed

;

MIE Holdings Receivables Turnover Calculation

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

MIE Holdings'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 )
=	958.275	/ (	(93.61	+	72.84)	/	2 )
=	958.275	/	83.225
=	11.51

MIE Holdings'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: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	465.771	/ (	(87.096	+	72.84)	/	2 )
=	465.771	/	79.968
=	5.82

MIE Holdings (HKSE:01555) 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.

MIE Holdings Receivables Turnover Related Terms

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

MIE Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MIE Holdings Corp (HKSE:01555) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

19MA:Germany

Address

North Star East Road, North Star Times Tower No.8, Room 1301-1303, Chaoyang, Beijing, CHN, 100101

Website

http://www.mienergy.com.cn

MIE Holdings Corp is an investment holding company. It is principally engaged in the exploration, development, production, and sale of crude oil in the People's Republic of China. There is only one segment which is principally engaged in the exploration, development, production, and sale of oil under PSCs in the PRC. It has the following oil and gas properties: two producing production oil sharing contracts in northeast China; participating interests in an exploration contract and six production contracts in Kazakhstan held by Emir-Oil. The majority of the company's revenue comes from China.

Executives

Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
Sit Hon Wing	2201 Interest of corporation controlled by you
Ohc Opportunity Investment Limited	2201 Interest of corporation controlled by you
Soochow Securities (international) Financial Holdings Limited	2201 Interest of corporation controlled by you
Billion Capital Shine Inc.	2201 Interest of corporation controlled by you
China Orient Asset Management (international) Holding Limited	2201 Interest of corporation controlled by you
China Orient Asset Management Co., Ltd.	2201 Interest of corporation controlled by you
Dong Yin Development (holdings) Limited	2201 Interest of corporation controlled by you
Wise Leader Assets Ltd.	2201 Interest of corporation controlled by you
Excel Link Capital Inc.	2201 Interest of corporation controlled by you
Orient Energy Opportunity Investment Limited Partnership Fund	2106 Person having a security interest in shares
Zhao Jiangwei	2101 Beneficial owner
Zhao Jiangbo	2401 A concert party to an agreement to buy shares
Zhang Ruilin	2401 A concert party to an agreement to buy shares
Far East Energy Limited	2401 A concert party to an agreement to buy shares

MIE Holdings Headlines

No Headlines