Eastern Communications Co (SHSE:600776) Receivables Turnover : 0.61 (As of Mar. 2024)

View and export this data going back to 1996. Start your Free Trial

What is Eastern Communications 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. Eastern Communications Co's Revenue for the three months ended in Mar. 2024 was ¥568 Mil. Eastern Communications Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥924 Mil. Hence, Eastern Communications Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.61.

Eastern Communications Co Receivables Turnover Historical Data

The historical data trend for Eastern Communications 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.

* Premium members only.

Eastern Communications Co Receivables Turnover Chart

Eastern Communications Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

3.00

2.90

2.93

3.15

3.00

Eastern Communications 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															0.57	0.62	0.66	1.09	0.61

Competitive Comparison of Eastern Communications Co's Receivables Turnover

For the Communication Equipment subindustry, Eastern Communications 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.

Eastern Communications Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Eastern Communications Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Eastern Communications Co's Receivables Turnover falls into.

Eastern Communications Co Receivables Turnover Calculation

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

Eastern Communications 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 )
=	2939.727	/ (	(1039.218	+	920.627)	/	2 )
=	2939.727	/	979.9225
=	3.00

Eastern Communications 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 )
=	567.702	/ (	(920.627	+	927.333)	/	2 )
=	567.702	/	923.98
=	0.61

Eastern Communications Co (SHSE:600776) 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.

Eastern Communications Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Eastern Communications Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Eastern Communications Co (SHSE:600776) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Eastern Communications Co Ltd (SHSE:600776) » Definitions » Receivables Turnover

Traded in Other Exchanges

900941:China

Address

No. 66 Dongxin Avenue, New and High-Technology Development Zone, Binjiang District, Zhejiang, Hangzhou, CHN, 310053

Website

http://www.eastcom.com

Eastern Communications Co Ltd is a China-based communications services company. It provides solutions for industrial applications and listed companies in the fields of communication and financial technology, communications business, an intelligent manufacturing business and intelligent services and software and other fields. The company's product portfolio includes private network communications and information security products and solutions; financial electronic equipment and operations services; communications and information technology integration services and EMS manufacturing operations. The company's products and solutions are used in China and other international countries.

Eastern Communications Co (SHSE:600776) Headlines

No Headlines