Tianqi Lithium (HKSE:09696) Receivables Turnover : 1.14 (As of Dec. 2023)

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What is Tianqi Lithium 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. Tianqi Lithium's Revenue for the three months ended in Dec. 2023 was HK$7,710 Mil. Tianqi Lithium's average Accounts Receivable for the three months ended in Dec. 2023 was HK$6,761 Mil. Hence, Tianqi Lithium's Receivables Turnover for the three months ended in Dec. 2023 was 1.14.

Tianqi Lithium Receivables Turnover Historical Data

The historical data trend for Tianqi Lithium'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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Tianqi Lithium Receivables Turnover Chart

Tianqi Lithium Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

13.70

11.43

17.50

9.94

6.83

Tianqi Lithium Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial								2.10	-	1.02	1.14	0.59

Competitive Comparison of Tianqi Lithium's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Tianqi Lithium'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.

Tianqi Lithium's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Tianqi Lithium's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tianqi Lithium's Receivables Turnover falls into.

Tianqi Lithium Receivables Turnover Calculation

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

Tianqi Lithium'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 )
=	44241.5	/ (	(8238.31	+	4720.955)	/	2 )
=	44241.5	/	6479.6325
=	6.83

Tianqi Lithium'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 )
=	7710.197	/ (	(8800.241	+	4720.955)	/	2 )
=	7710.197	/	6760.598
=	1.14

Tianqi Lithium (HKSE:09696) 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.

Tianqi Lithium Receivables Turnover Related Terms

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Tianqi Lithium (HKSE:09696) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tianqi Lithium Corp (HKSE:09696) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

2220:Germany

Address

No. 10 East Gaopeng Road, Building 1, Hi-Tech Zone, Sichuan, Chengdu, CHN

Website

http://www.tianqilithium.com

Tianqi Lithium is a leading new energy materials company headquartered in China. The company is the largest producer of mined lithium globally in terms of output and is ranked third in terms of revenue generated from lithium, according to Wood Mackenzie. It is also the world's fourth largest and Asia's second largest lithium compound producer, as measured by production output, according to the same source. Tianqi is the only lithium producer in China that has achieved 100% self-sufficiency and has fully vertically integrated lithium mines. It operates in critical stages of the lithium value chain, including: 1) mining of lithium ore and manufacturing of lithium concentrate; and 2) manufacturing of lithium compounds and derivatives.

Executives

Pacific Asset Management Co., Ltd.	2501 Other
Jiang Jinzhi	2201 Interest of corporation controlled by you
Morgan Stanley	2201 Interest of corporation controlled by you
Jpmorgan Chase & Co.
Huatai Securities Co., Ltd.
China International Capital Corporation Limited	2201 Interest of corporation controlled by you
Morgan Stanley Asia Holdings Limited	2201 Interest of corporation controlled by you
Jin Shan Xiang Gang Guo Ji Kuang Ye You Xian Gong Si	2101 Beneficial owner
Zi Jin Kuang Ye Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Hwabao Trust Co., Ltd	2301 Trustee
China International Capital Corporation Hong Kong Securities Limited	2105 Underwriter
China International Capital Corporation (international) Limited	2201 Interest of corporation controlled by you
Morgan Stanley Hong Kong 1238 Limited	2201 Interest of corporation controlled by you
Morgan Stanley Asia Limited	2105 Underwriter
Lg Chem, Ltd.	2101 Beneficial owner

Tianqi Lithium (HKSE:09696) Headlines

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