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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. Offshore Oil Engineering Co's Revenue for the
three
months ended in Mar. 2026 was ¥4,994 Mil. Offshore Oil Engineering Co's average Accounts Receivable for the
three
months ended in Mar. 2026 was ¥6,935 Mil.
Hence, Offshore Oil Engineering Co's Receivables Turnover for the
three
months ended in Mar. 2026 was 0.72.
Offshore Oil Engineering Co (SHSE:600583) 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.
Offshore Oil Engineering Co Receivables Turnover Related Terms
Offshore Oil Engineering 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.
Offshore Oil Engineering Co Receivables Turnover Chart
SHSE:600583 vs SLB, BKR, FTI: Receivables Turnover Comparison
For the Oil & Gas Equipment & Services subindustry, Offshore Oil Engineering 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.
Offshore Oil Engineering Co Receivables Turnover vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Offshore Oil Engineering Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Offshore Oil Engineering Co's Receivables Turnover falls into.
* 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.
Offshore Oil Engineering Co (SHSE:600583) has a Receivables Turnover of 0.72 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 Offshore Oil Engineering Co and its competitors. According to the industry distribution chart, Offshore Oil Engineering Co ranks #662 out of 899 companies in the Oil & Gas industry, placing it in the top 73.6%.
Is Offshore Oil Engineering Co's Receivables Turnover too high?
Offshore Oil Engineering Co's current Receivables Turnover is 0.72. The Oil & Gas industry median Receivables Turnover is 8.04. Offshore Oil Engineering Co's value of 0.72 is 91% below this industry median. Based on the distribution chart, Offshore Oil Engineering Co ranks #662 out of 899 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Offshore Oil Engineering Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Offshore Oil Engineering Co's Receivables Turnover compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Offshore Oil Engineering Co ranks #662 out of 899 companies for Receivables Turnover. This places Offshore Oil Engineering Co in the lower half of its industry. The industry median Receivables Turnover is 8.04. Offshore Oil Engineering Co's value of 0.72 is 91% 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 Oil & Gas company?
The median Receivables Turnover among Oil & Gas companies is 8.04, based on 899 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. Offshore Oil Engineering Co's current Receivables Turnover of 0.72 is 91% 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 Offshore Oil Engineering Co and its competitors. For the Oil & Gas industry, the median Receivables Turnover is 8.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Offshore Oil Engineering Co's current Receivables Turnover is 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Offshore Oil Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Offshore Oil Engineering Co (SHSE:600583) is currently considered Fairly Valued. The stock's GF Value™ is ¥5.65, compared to a current price of ¥5.60 — trading 0.9% below its estimated fair value. The current Receivables Turnover is 0.72 and 91% below the Oil & Gas industry median of 8.04. Offshore Oil Engineering Co's overall GF Score™ is 83/100 with 3 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 Offshore Oil Engineering Co (SHSE:600583), the current Receivables Turnover is 0.72 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 Offshore Oil Engineering Co (SHSE:600583) Overvalued in 2026?
Based on GuruFocus' analysis, Offshore Oil Engineering Co stock appears to be undervalued.
The current stock price of ¥5.60 is trading 0.9% below its estimated GF Value™ of ¥5.65.
GuruFocus considers Offshore Oil Engineering Co to be Fairly Valued.
Key valuation signals for SHSE:600583:
Receivables Turnover: 0.72
GF Value™: ¥5.65 vs. price of ¥5.60 (0.9% below fair value)
Industry Position: 91% below the Oil & Gas median (#662 of 899)
No single metric tells the full story. See the SHSE:600583 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Offshore Oil Engineering Co Ltd operates as an engineering design, procurement, construction, and installation (EPCI) company primarily for the oil and natural gas industry in China and internationally. The company provides technical services, subsea pipe maintenance, and other services for offshore oil underwater engineering; oil-gas field development and repair services; and consulting services for deep-sea engineering.
83GF Score
Get the complete analysis for SHSE:600583
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