State Grid Informationmmunication Co (SHSE:600131) Receivables Turnover : 0.19 (As of Sep. 2024)

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What is State Grid Informationmmunication 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. State Grid Informationmmunication Co's Revenue for the three months ended in Sep. 2024 was ¥1,065 Mil. State Grid Informationmmunication Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥5,532 Mil. Hence, State Grid Informationmmunication Co's Receivables Turnover for the three months ended in Sep. 2024 was 0.19.

State Grid Informationmmunication Co Receivables Turnover Historical Data

The historical data trend for State Grid Informationmmunication 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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State Grid Informationmmunication Co Receivables Turnover Chart

State Grid Informationmmunication Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.98

1.44

1.38

1.23

State Grid Informationmmunication 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															0.18	0.59	0.16	0.29	0.19

Competitive Comparison of State Grid Informationmmunication Co's Receivables Turnover

For the Utilities - Renewable subindustry, State Grid Informationmmunication 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.

State Grid Informationmmunication Co's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, State Grid Informationmmunication Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where State Grid Informationmmunication Co's Receivables Turnover falls into.

State Grid Informationmmunication Co Receivables Turnover Calculation

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

State Grid Informationmmunication 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 )
=	7673.319	/ (	(5717.007	+	6801.014)	/	2 )
=	7673.319	/	6259.0105
=	1.23

State Grid Informationmmunication 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 )
=	1064.811	/ (	(5818.983	+	5245.736)	/	2 )
=	1064.811	/	5532.3595
=	0.19

State Grid Informationmmunication Co (SHSE:600131) 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.

State Grid Informationmmunication Co Receivables Turnover Related Terms

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State Grid Informationmmunication Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » State Grid Information & Communication Co Ltd (SHSE:600131) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 301 Kuiguang Road, Doujiangyan, Sichuan, CHN, 611830

Website

http://www.mjsdgs.com

State Grid Information & Communication Co Ltd, formerly Sichuan Minjiang Hydropower Co Ltd is a China-based company is engaged in the hydroelectric generation business. It is mainly engaged in the development, generation, transmission, distribution, and sales of electric power, as well as other businesses with its subsidiaries.

Executives

Ni Ping Bo	Directors, senior managers
Sun Hui	senior management
Chen An Quan	senior management

State Grid Informationmmunication Co Headlines

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