Xiamen International Airport Co (SHSE:600897) Receivables Turnover : 1.60 (As of Sep. 2023)

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What is Xiamen International Airport 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. Xiamen International Airport Co's Revenue for the three months ended in Sep. 2023 was ¥435 Mil. Xiamen International Airport Co's average Accounts Receivable for the three months ended in Sep. 2023 was ¥272 Mil. Hence, Xiamen International Airport Co's Receivables Turnover for the three months ended in Sep. 2023 was 1.60.

Xiamen International Airport Co Receivables Turnover Historical Data

The historical data trend for Xiamen International Airport 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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Xiamen International Airport Co Receivables Turnover Chart

Xiamen International Airport Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

Get a 7-Day Free Trial

6.60

7.29

5.02

6.25

6.98

Xiamen International Airport Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															1.89	1.69	1.90	1.58	1.60

Competitive Comparison of Xiamen International Airport Co's Receivables Turnover

For the Airports & Air Services subindustry, Xiamen International Airport 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.

Xiamen International Airport Co's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Xiamen International Airport Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Xiamen International Airport Co's Receivables Turnover falls into.

Xiamen International Airport Co Receivables Turnover Calculation

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

Xiamen International Airport Co's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	1005.687	/ (	(149.614	+	138.752)	/	2 )
=	1005.687	/	144.183
=	6.98

Xiamen International Airport Co's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	435.36	/ (	(289.602	+	255.373)	/	2 )
=	435.36	/	272.4875
=	1.60

Xiamen International Airport Co (SHSE:600897) 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.

Xiamen International Airport Co Receivables Turnover Related Terms

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Xiamen International Airport Co (SHSE:600897) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Xiamen International Airport Co Ltd (SHSE:600897) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Xiamen Gaoqi International Airport, Fujian Province, Xiamen, CHN, 361006

Website

http://www.xiac.com.cn

Xiamen International Airport Co Ltd is principally engaged in ground services of civil and international flights and passengers. The company is also involved in commercial property leasing services, advertising, cargo station and mechanical services.

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