Wuhan East Lake High Technology Group Co (SHSE:600133) Receivables Turnover : 0.25 (As of Mar. 2024)

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What is Wuhan East Lake High Technology Group 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. Wuhan East Lake High Technology Group Co's Revenue for the three months ended in Mar. 2024 was ¥375 Mil. Wuhan East Lake High Technology Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,489 Mil. Hence, Wuhan East Lake High Technology Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.25.

Wuhan East Lake High Technology Group Co Receivables Turnover Historical Data

The historical data trend for Wuhan East Lake High Technology Group 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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Wuhan East Lake High Technology Group Co Receivables Turnover Chart

Wuhan East Lake High Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.15

2.26

2.35

2.02

3.07

Wuhan East Lake High Technology Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.37	0.42	0.58	0.83	0.25

Competitive Comparison of Wuhan East Lake High Technology Group Co's Receivables Turnover

For the Engineering & Construction subindustry, Wuhan East Lake High Technology 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.

Wuhan East Lake High Technology Group Co's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Wuhan East Lake High Technology Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Wuhan East Lake High Technology Group Co's Receivables Turnover falls into.

Wuhan East Lake High Technology Group Co Receivables Turnover Calculation

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

Wuhan East Lake High Technology Group 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 )
=	14673.438	/ (	(8045.898	+	1517.675)	/	2 )
=	14673.438	/	4781.7865
=	3.07

Wuhan East Lake High Technology Group Co'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 )
=	375.375	/ (	(1517.675	+	1460.72)	/	2 )
=	375.375	/	1489.1975
=	0.25

Wuhan East Lake High Technology Group Co (SHSE:600133) 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.

Wuhan East Lake High Technology Group Co Receivables Turnover Related Terms

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Wuhan East Lake High Technology Group Co (SHSE:600133) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wuhan East Lake High Technology Group Co Ltd (SHSE:600133) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 1 Huaguan Avenue, Donghu Gaoxin Building, Hongshan District, Wuhan, Hubei, CHN, 430074

Website

http://www.elht.com

Wuhan East Lake High Technology Group Co Ltd is a China-based company engaged in the engineering construction business. It is also engaged in the construction and operation of technology parks, as well as environmental technology business. Its engineering construction business mainly includes road and bridge contracting and construction; its environmental protection technology business mainly includes atmospheric treatment, sewage treatment, and water environment treatment; its science and technology park related business mainly include the investment, promotion, and operation of the science parks.

Executives

Lin Cheng Feng

Supervisors

Wuhan East Lake High Technology Group Co (SHSE:600133) Headlines

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