China Titans Energy Technology Group Co (HKSE:02188) Receivables Turnover : 0.81 (As of Dec. 2023)

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What is China Titans Energy Technology Group 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. China Titans Energy Technology Group Co's Revenue for the six months ended in Dec. 2023 was HK$257.5 Mil. China Titans Energy Technology Group Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$317.5 Mil. Hence, China Titans Energy Technology Group Co's Receivables Turnover for the six months ended in Dec. 2023 was 0.81.

China Titans Energy Technology Group Co Receivables Turnover Historical Data

The historical data trend for China Titans Energy Technology Group 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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China Titans Energy Technology Group Co Receivables Turnover Chart

China Titans Energy Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

1.20

1.12

1.31

1.15

1.22

China Titans Energy Technology Group Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.79	0.42	0.71	0.48	0.81

Competitive Comparison of China Titans Energy Technology Group Co's Receivables Turnover

For the Electrical Equipment & Parts subindustry, China Titans Energy Technology Group 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.

China Titans Energy Technology Group Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, China Titans Energy Technology Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Titans Energy Technology Group Co's Receivables Turnover falls into.

China Titans Energy Technology Group Co Receivables Turnover Calculation

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

China Titans Energy Technology Group 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 )
=	409.376	/ (	(334.509	+	335.367)	/	2 )
=	409.376	/	334.938
=	1.22

China Titans Energy Technology Group 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 )
=	257.46	/ (	(299.614	+	335.367)	/	2 )
=	257.46	/	317.4905
=	0.81

China Titans Energy Technology Group Co (HKSE:02188) 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 Titans Energy Technology Group Co Receivables Turnover Related Terms

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China Titans Energy Technology Group Co (HKSE:02188) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Titans Energy Technology Group Co Ltd (HKSE:02188) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 60 Shihua Road West, Titans Science and Technology Park, Guangdong Province, Zhuhai, CHN, 519015

Website

https://www.titans.com.cn

China Titans Energy Technology Group Co Ltd is engaged in the supply of power electric products and equipment, the sales and leases of electric vehicles, the provision of charging services for electric vehicles, and construction services of charging poles for electric vehicles under Build-Operate-Transfer (BOT) arrangements. Its reporting segments are DC Power System; Charging Equipment; and Charging Services and Construction. The company generates majority of its revenue from the Charging Equipment segment. Its Charging Equipment segment is engaged in the manufacturing and sales of charging equipment for electric vehicles. Geographically, it operates in the PRC.

Executives

Li Xin Qing	2101 Beneficial owner
Zeng Zhen	2202 Interest of your spouse
An Wei	2101 Beneficial owner
Yan Kai	2202 Interest of your spouse
Li Xiao Bin	2101 Beneficial owner
Zhang Lina	2202 Interest of your spouse
Genius Mind Enterprises Limited
Great Passion International Limited
Honor Boom Investments Limited
Tang Shan Shi Ren Min Zheng Fu Guo You Zi Chan Jian Du Guan Li Wei Yuan Hui	2201 Interest of corporation controlled by you
Lu Chuping	2201 Interest of corporation controlled by you
Zhong Shan Da Yang Dian Ji Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Da Yang Dian Ji Xiang Gang You Xian Gong Si	2101 Beneficial owner

China Titans Energy Technology Group Co (HKSE:02188) Headlines

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