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Zhejiang Provincial New Energy Investment Group Co (SHSE:600032) 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.
Zhejiang Provincial New Energy Investment Group Co Receivables Turnover Related Terms
Zhejiang Provincial New Energy Investment Group Co Receivables Turnover Historical Data
* 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.
Zhejiang Provincial New Energy Investment Group Co Receivables Turnover Chart
Zhejiang Provincial New Energy Investment Group Co Annual Data
Zhejiang Provincial New Energy Investment Group Co Receivables Turnover Competitor Comparison
For the Utilities - Renewable subindustry, Zhejiang Provincial New Energy Investment Group Co'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.
Zhejiang Provincial New Energy Investment Group Co Receivables Turnover vs Utilities - Independent Power Producers Industry
* 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.
Zhejiang Provincial New Energy Investment Group Co (SHSE:600032) has a Receivables Turnover of 0.12 as of Mar. 2026. The accounts 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. View historical data on Zhejiang Provincial New Energy Investment Group Co and its competitors. According to the industry distribution chart, Zhejiang Provincial New Energy Investment Group Co ranks #392 out of 412 companies in the Utilities - Independent Power Producers industry, placing it in the top 95.1%.
Is Zhejiang Provincial New Energy Investment Group Co's Receivables Turnover too high?
Zhejiang Provincial New Energy Investment Group Co's current Receivables Turnover is 0.12. The Utilities - Independent Power Producers industry median Receivables Turnover is 5.73. Zhejiang Provincial New Energy Investment Group Co's value of 0.12 is 97.9% below this industry median. Based on the distribution chart, Zhejiang Provincial New Energy Investment Group Co ranks #392 out of 412 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Zhejiang Provincial New Energy Investment Group Co has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Provincial New Energy Investment Group Co's Receivables Turnover compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Zhejiang Provincial New Energy Investment Group Co ranks #392 out of 412 companies for Receivables Turnover. This places Zhejiang Provincial New Energy Investment Group Co in the lower half of its industry. The industry median Receivables Turnover is 5.73. Zhejiang Provincial New Energy Investment Group Co's value of 0.12 is 97.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for an Utilities - Independent Power Producers company?
The median Receivables Turnover among Utilities - Independent Power Producers companies is 5.73, based on 412 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Zhejiang Provincial New Energy Investment Group Co's current Receivables Turnover of 0.12 is 97.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Zhejiang Provincial New Energy Investment Group Co and its competitors. For the Utilities - Independent Power Producers industry, the median Receivables Turnover is 5.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Provincial New Energy Investment Group Co's current Receivables Turnover is 0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Provincial New Energy Investment Group Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Provincial New Energy Investment Group Co (SHSE:600032) is currently considered Fairly Valued. The stock's GF Value™ is ¥7.50, compared to a current price of ¥7.38 — trading 1.6% below its estimated fair value. The current Receivables Turnover is 0.12 and 97.9% below the Utilities - Independent Power Producers industry median of 5.73. Zhejiang Provincial New Energy Investment Group Co's overall GF Score™ is 75/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Zhejiang Provincial New Energy Investment Group Co (SHSE:600032), the current Receivables Turnover is 0.12 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Zhejiang Provincial New Energy Investment Group Co (SHSE:600032) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Provincial New Energy Investment Group Co stock appears to be undervalued.
The current stock price of ¥7.38 is trading 1.6% below its estimated GF Value™ of ¥7.50.
GuruFocus considers Zhejiang Provincial New Energy Investment Group Co to be Fairly Valued.
Key valuation signals for SHSE:600032:
Receivables Turnover: 0.12
GF Value™: ¥7.50 vs. price of ¥7.38 (1.6% below fair value)
Industry Position: 97.9% below the Utilities - Independent Power Producers median (#392 of 412)
No single metric tells the full story. See the SHSE:600032 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Provincial New Energy Investment Group Co Business Description
Zhejiang Provincial New Energy Investment Group Co Ltd is engaged in the investment, development, construction and operation management of renewable energy projects such as hydropower, photovoltaic power generation, and wind power generation.
75GF Score
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