Shandong Xinchao Energy (SHSE:600777) Receivables Turnover : 2.23 (As of Sep. 2024)

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What is Shandong Xinchao Energy 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. Shandong Xinchao Energy's Revenue for the three months ended in Sep. 2024 was ¥2,071 Mil. Shandong Xinchao Energy's average Accounts Receivable for the three months ended in Sep. 2024 was ¥931 Mil. Hence, Shandong Xinchao Energy's Receivables Turnover for the three months ended in Sep. 2024 was 2.23.

Shandong Xinchao Energy Receivables Turnover Historical Data

The historical data trend for Shandong Xinchao Energy'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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Shandong Xinchao Energy Receivables Turnover Chart

Shandong Xinchao Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.45

5.51

5.03

7.79

7.75

Shandong Xinchao Energy 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															2.13	1.95	2.06	2.17	2.23

Competitive Comparison of Shandong Xinchao Energy's Receivables Turnover

For the Oil & Gas E&P subindustry, Shandong Xinchao Energy'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.

Shandong Xinchao Energy's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Shandong Xinchao Energy's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shandong Xinchao Energy's Receivables Turnover falls into.

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Shandong Xinchao Energy Receivables Turnover Calculation

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

Shandong Xinchao Energy'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 )
=	8848.779	/ (	(1238.352	+	1046.225)	/	2 )
=	8848.779	/	1142.2885
=	7.75

Shandong Xinchao Energy'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 )
=	2071.437	/ (	(1024.138	+	837.691)	/	2 )
=	2071.437	/	930.9145
=	2.23

Shandong Xinchao Energy (SHSE:600777) 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.

Shandong Xinchao Energy Receivables Turnover Related Terms

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Shandong Xinchao Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shandong Xinchao Energy Corp Ltd (SHSE:600777) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 301, Gangcheng East Street, Floor 14, Building B, Nanshan Century Building, Laishan District, Shandong Province, Yantai, CHN

Website

http://www.xinchaoshiye.com

Shandong Xinchao Energy Corp Ltd is engaged in overseas oil and gas exploration, production, and sale.

Executives

Du Jing	Director
Yang Xiao Yun	Director
Yu Xuan	Director
He Zai Quan	senior management
Hu Guang Jun	Director
Huang Wan Zhen	Director
Liu Zhi Yu	Supervisors
Jiang Hua	senior management
Jiang Xue Rong	Director
Chang Ming De	Supervisors
He Rong Quan	senior management
Ge Pei Le	Supervisors
Jian Shi Hui Zhu Xi	Supervisors
Dong Shi Zhang	Director
Fu Zong Jing Li Jian Zong Fa Lv Gu Wen	senior management

Shandong Xinchao Energy Headlines

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