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Sichuan Mingxing Electric Power Co (SHSE:600101) Receivables Turnover : 12.16 (As of Sep. 2024)


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What is Sichuan Mingxing Electric Power Co 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. Sichuan Mingxing Electric Power Co's Revenue for the three months ended in Sep. 2024 was ¥795 Mil. Sichuan Mingxing Electric Power Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥65 Mil. Hence, Sichuan Mingxing Electric Power Co's Receivables Turnover for the three months ended in Sep. 2024 was 12.16.


Sichuan Mingxing Electric Power Co Receivables Turnover Historical Data

The historical data trend for Sichuan Mingxing Electric Power Co'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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Sichuan Mingxing Electric Power Co Receivables Turnover Chart

Sichuan Mingxing Electric Power Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 170.14 118.22 102.35 73.56 66.83

Sichuan Mingxing Electric Power Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.84 13.46 15.13 11.64 12.16

Competitive Comparison of Sichuan Mingxing Electric Power Co's Receivables Turnover

For the Utilities - Diversified subindustry, Sichuan Mingxing Electric Power 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.


Sichuan Mingxing Electric Power Co's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Sichuan Mingxing Electric Power Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sichuan Mingxing Electric Power Co's Receivables Turnover falls into.



Sichuan Mingxing Electric Power Co Receivables Turnover Calculation

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

Sichuan Mingxing Electric Power Co'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 )
=2666.272 / ((40.891 + 38.902) / 2 )
=2666.272 / 39.8965
=66.83

Sichuan Mingxing Electric Power Co'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 )
=795.044 / ((57.029 + 73.742) / 2 )
=795.044 / 65.3855
=12.16

* 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.


Sichuan Mingxing Electric Power Co  (SHSE:600101) 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.


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Sichuan Mingxing Electric Power Co Business Description

Traded in Other Exchanges
N/A
Address
No. 88 Mingyue Road, Mingxing Hotel, 11F, Suining, Sichuan, CHN, 629000
Sichuan Mingxing Electric Power Co Ltd is mainly engaged in the production of electricity, water, and natural gas in China. It is also involved in the development of mineral resources, real estate, and hotel services.
Executives
Tao Ming Supervisors
Jiang Qing senior management

Sichuan Mingxing Electric Power Co Headlines

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