Tianjin Tianbao Energy Co (HKSE:01671) Receivables Turnover : 3.69 (As of Dec. 2023)

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What is Tianjin Tianbao Energy 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. Tianjin Tianbao Energy Co's Revenue for the six months ended in Dec. 2023 was HK$439.3 Mil. Tianjin Tianbao Energy Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$118.9 Mil. Hence, Tianjin Tianbao Energy Co's Receivables Turnover for the six months ended in Dec. 2023 was 3.69.

Tianjin Tianbao Energy Co Receivables Turnover Historical Data

The historical data trend for Tianjin Tianbao Energy 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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Tianjin Tianbao Energy Co Receivables Turnover Chart

Tianjin Tianbao Energy Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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11.48

16.07

14.74

9.11

7.38

Tianjin Tianbao Energy Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial											7.11	5.38	4.75	3.77	3.69

Competitive Comparison of Tianjin Tianbao Energy Co's Receivables Turnover

For the Utilities - Independent Power Producers subindustry, Tianjin Tianbao Energy 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.

Tianjin Tianbao Energy Co's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Tianjin Tianbao Energy Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tianjin Tianbao Energy Co's Receivables Turnover falls into.

Tianjin Tianbao Energy Co Receivables Turnover Calculation

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

Tianjin Tianbao Energy 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 )
=	858.62	/ (	(108.589	+	123.957)	/	2 )
=	858.62	/	116.273
=	7.38

Tianjin Tianbao Energy 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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	439.263	/ (	(113.822	+	123.957)	/	2 )
=	439.263	/	118.8895
=	3.69

Tianjin Tianbao Energy Co (HKSE:01671) 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.

Tianjin Tianbao Energy Co Receivables Turnover Related Terms

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Tianjin Tianbao Energy Co (HKSE:01671) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tianjin Tianbao Energy Co Ltd (HKSE:01671) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No.35, Haibin 8th Road, Tianjin Port Free Trade Zone, Tianjin, CHN, 300461

Website

https://www.tjtbny.com

Tianjin Tianbao Energy Co Ltd is a power operator in the Tianjin Port Free Trade Zone (Seaport and Lingang). The company is engaged in the cogeneration of steam, together with electricity, heating and cooling. The company's operations comprise i) power generation and supply; ii) electricity dispatch and sale; iii) development and operation of distributed photovoltaic power generation stations and iv) contractual energy management, energy conservation management services, vehicle charging sales, electric vehicle charging infrastructure operation, and wind power generation technology services. Its operating segments include Electricity dispatch and sale business, Power generation and supply business, and Others. It derives revenue from Power generation and supply business.

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