Vinacomin - Power Holding (HSTC:DTK) Receivables Turnover : 0.77 (As of Mar. 2024)

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What is Vinacomin - Power Holding 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. Vinacomin - Power Holding's Revenue for the three months ended in Mar. 2024 was ₫3,191,865 Mil. Vinacomin - Power Holding's average Accounts Receivable for the three months ended in Mar. 2024 was ₫4,142,412 Mil. Hence, Vinacomin - Power Holding's Receivables Turnover for the three months ended in Mar. 2024 was 0.77.

Vinacomin - Power Holding Receivables Turnover Historical Data

The historical data trend for Vinacomin - Power Holding'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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Vinacomin - Power Holding Receivables Turnover Chart

Vinacomin - Power Holding Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

3.71

3.36

Vinacomin - Power Holding Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial						0.84	0.78	0.69	0.89	0.77

Competitive Comparison of Vinacomin - Power Holding's Receivables Turnover

For the Utilities - Renewable subindustry, Vinacomin - Power Holding'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.

Vinacomin - Power Holding's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Vinacomin - Power Holding's Receivables Turnover falls into.

Vinacomin - Power Holding Receivables Turnover Calculation

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

Vinacomin - Power Holding'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 )
=	11830033.488	/ (	(2829814.868	+	4210645.232)	/	2 )
=	11830033.488	/	3520230.05
=	3.36

Vinacomin - Power Holding's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	3191864.79	/ (	(4210645.232	+	4074179.465)	/	2 )
=	3191864.79	/	4142412.3485
=	0.77

Vinacomin - Power Holding (HSTC:DTK) 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.

Vinacomin - Power Holding Receivables Turnover Related Terms

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Vinacomin - Power Holding (HSTC:DTK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Vinacomin - Power Holding Corp (HSTC:DTK) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 78 Duy Tan street, Dich Vong Hiep ward, 2 floor, Sannam building, Cau Giay district, Ha Noi, VNM

Website

http://www.vinacominpower.vn

Vinacomin - Power Holding Corp is engaged in production, transmission, and selling of electricity. The company invests, constructs, exploits and operates thermal power plants, hydropower plants, electricity using new energy, renewable energy and power grids, power supply systems.

Vinacomin - Power Holding (HSTC:DTK) Headlines

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