Da Nang Port JSC (HSTC:CDN) Receivables Turnover : 2.50 (As of Dec. 2024)

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What is Da Nang Port JSC 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. Da Nang Port JSC's Revenue for the three months ended in Dec. 2024 was ₫381,232 Mil. Da Nang Port JSC's average Accounts Receivable for the three months ended in Dec. 2024 was ₫152,534 Mil. Hence, Da Nang Port JSC's Receivables Turnover for the three months ended in Dec. 2024 was 2.50.

Da Nang Port JSC Receivables Turnover Historical Data

The historical data trend for Da Nang Port JSC'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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Da Nang Port JSC Receivables Turnover Chart

Da Nang Port JSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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7.94

9.10

9.58

9.89

10.46

Da Nang Port JSC Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															2.63	2.36	2.09	2.42	2.50

Competitive Comparison of Da Nang Port JSC's Receivables Turnover

For the Marine Shipping subindustry, Da Nang Port JSC'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.

Da Nang Port JSC's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Da Nang Port JSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Da Nang Port JSC's Receivables Turnover falls into.

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Da Nang Port JSC Receivables Turnover Calculation

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

Da Nang Port JSC'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 )
=	1452619.154	/ (	(119812.15	+	157969.922)	/	2 )
=	1452619.154	/	138891.036
=	10.46

Da Nang Port JSC'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: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	381231.732	/ (	(147098.869	+	157969.922)	/	2 )
=	381231.732	/	152534.3955
=	2.50

Da Nang Port JSC (HSTC:CDN) 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.

Da Nang Port JSC Receivables Turnover Related Terms

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Da Nang Port JSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Da Nang Port JSC (HSTC:CDN) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

26 Bach Dang street, Thach Thang Ward, Hai Chau District, Da Nang, VNM

Website

https://www.danangport.com

Da Nang Port JSC is a Vietnam-based shipping and logistics company. The main activities of the company are Cargo Handling, which includes Loading and unloading goods by road, loading and unloading seaport goods, loading and unloading goods at river ports; Service activities that directly support water transport; warehousing and storing goods in cold storage, bonded warehouses; wholesale and retail of solid, liquid, gaseous fuels and related products. The company generates majorly all of its revenue from Vietnam itself.

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