Xinyi Energy Holdings (HKSE:03868) Receivables Turnover : 0.31 (As of Dec. 2024)

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What is Xinyi Energy 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. Xinyi Energy Holdings's Revenue for the six months ended in Dec. 2024 was HK$1,377 Mil. Xinyi Energy Holdings's average Accounts Receivable for the six months ended in Dec. 2024 was HK$4,437 Mil. Hence, Xinyi Energy Holdings's Receivables Turnover for the six months ended in Dec. 2024 was 0.31.

Xinyi Energy Holdings Receivables Turnover Historical Data

The historical data trend for Xinyi Energy 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.

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Xinyi Energy Holdings Receivables Turnover Chart

Xinyi Energy Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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0.57

0.56

0.57

0.68

0.62

Xinyi Energy Holdings Semi-Annual Data
	Dec15	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													0.25	0.35	0.31	0.29	0.31

Competitive Comparison of Xinyi Energy Holdings's Receivables Turnover

For the Utilities - Renewable subindustry, Xinyi Energy 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.

Xinyi Energy Holdings's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

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

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

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Xinyi Energy Holdings Receivables Turnover Calculation

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

Xinyi Energy 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 )
=	2595.363	/ (	(3931.17	+	4471.465)	/	2 )
=	2595.363	/	4201.3175
=	0.62

Xinyi Energy 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 )
=	1376.958	/ (	(4402.272	+	4471.465)	/	2 )
=	1376.958	/	4436.8685
=	0.31

Xinyi Energy Holdings (HKSE:03868) 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.

Xinyi Energy Holdings Receivables Turnover Related Terms

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Xinyi Energy Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Xinyi Energy Holdings Ltd (HKSE:03868) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 102, Meidiya Road, E Qiao Town, Sanshan District, Anhui Province, Wuhu, CHN

Website

https://www.xinyienergy.com

Listed in May 2019, Xinyi Energy is a spinoff from its holding company Xinyi Solar, and engages in solar farm operations in China. The company owns a portfolio of utility-scale ground-mounted solar farm projects, with total approved capacity of 4,510.5 megawatts by the end of 2024. Parent Xinyi Solar, a leading solar glass manufacturer and solar farm developer, retains about a 52% stake in Xinyi Energy.

Executives

Shang Hai Ning Quan Zi Chan Guan Li You Xian Gong Si	2102 Investment manager
Li Ching Wai	2401 A concert party to an agreement to buy shares
Sze Nang Sze	2201 Interest of corporation controlled by you
Ng Ngan Ho	2401 A concert party to an agreement to buy shares
Li Ching Leung	2401 A concert party to an agreement to buy shares
Lee Sing Din	2401 A concert party to an agreement to buy shares
Tung Ching Bor	2401 A concert party to an agreement to buy shares
Lee Yin Yee	2401 A concert party to an agreement to buy shares
Tung Ching Sai	2401 A concert party to an agreement to buy shares
Xinyi Glass Holdings Limited
Xinyi Group (glass) Company Limited
Xinyi Power (bvi) Limited	2101 Beneficial owner
Xinyi Solar Holdings Limited	2201 Interest of corporation controlled by you
Charm Dazzle Limited
Sze Tan Hung	2101 Beneficial owner

Xinyi Energy Holdings Headlines

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