MLLUY (Metallurgical of China) Receivables Turnover : 0.66 (As of Sep. 2024)

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What is Metallurgical of China 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. Metallurgical of China's Revenue for the three months ended in Sep. 2024 was $16,079 Mil. Metallurgical of China's average Accounts Receivable for the three months ended in Sep. 2024 was $24,374 Mil. Hence, Metallurgical of China's Receivables Turnover for the three months ended in Sep. 2024 was 0.66.

Metallurgical of China Receivables Turnover Historical Data

The historical data trend for Metallurgical of China'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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Metallurgical of China Receivables Turnover Chart

Metallurgical of China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.04

6.11

6.61

6.40

5.62

Metallurgical of China Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.13	1.34	1.11	0.94	0.66

Competitive Comparison of Metallurgical of China's Receivables Turnover

For the Engineering & Construction subindustry, Metallurgical of China'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.

Metallurgical of China's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Metallurgical of China's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Metallurgical of China's Receivables Turnover falls into.

Metallurgical of China Receivables Turnover Calculation

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

Metallurgical of China'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 )
=	88774.883	/ (	(13402.71	+	18211.992)	/	2 )
=	88774.883	/	15807.351
=	5.62

Metallurgical of China's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	16079.133	/ (	(24466.212	+	24282.66)	/	2 )
=	16079.133	/	24374.436
=	0.66

Metallurgical of China (OTCPK:MLLUY) 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.

Metallurgical of China Receivables Turnover Related Terms

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Metallurgical of China Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Metallurgical Corp of China Ltd (OTCPK:MLLUY) » Definitions » Receivables Turnover

Traded in Other Exchanges

01618:Hong Kong 6MT:Germany 601618:China

Address

No. 28, Shuguang Xili, MCC Tower, Chaoyang DIstrict, Beijing, CHN, 100028

Website

http://www.mccchina.com

Metallurgical Corp of China Ltd is a metallurgical engineering and construction group operating predominantly in China. The segments through which business is conducted are; Engineering contracting business, Resources development business, Featured business, Comprehensive real estate business, and other businesses. The majority of the revenue for the company is generated from the Engineering contracting business segment which includes its core business carried out by way of EPC contracts and general financing and construction contracting contracts.

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