Anhui Hengyuan Coal Industry And Electricity Power Co (SHSE:600971) Receivables Turnover : 19.34 (As of Mar. 2024)

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What is Anhui Hengyuan Coal Industry And Electricity Power 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. Anhui Hengyuan Coal Industry And Electricity Power Co's Revenue for the three months ended in Mar. 2024 was ¥2,051 Mil. Anhui Hengyuan Coal Industry And Electricity Power Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥106 Mil. Hence, Anhui Hengyuan Coal Industry And Electricity Power Co's Receivables Turnover for the three months ended in Mar. 2024 was 19.34.

Anhui Hengyuan Coal Industry And Electricity Power Co Receivables Turnover Historical Data

The historical data trend for Anhui Hengyuan Coal Industry And Electricity Power 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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Anhui Hengyuan Coal Industry And Electricity Power Co Receivables Turnover Chart

Anhui Hengyuan Coal Industry And Electricity Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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36.59

31.01

47.68

70.61

73.27

Anhui Hengyuan Coal Industry And Electricity Power 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															17.50	13.02	11.59	18.03	19.34

Competitive Comparison of Anhui Hengyuan Coal Industry And Electricity Power Co's Receivables Turnover

For the Thermal Coal subindustry, Anhui Hengyuan Coal Industry And Electricity Power 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.

Anhui Hengyuan Coal Industry And Electricity Power Co's Receivables Turnover Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Anhui Hengyuan Coal Industry And Electricity Power Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Anhui Hengyuan Coal Industry And Electricity Power Co's Receivables Turnover falls into.

Anhui Hengyuan Coal Industry And Electricity Power Co Receivables Turnover Calculation

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

Anhui Hengyuan Coal Industry And Electricity Power 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 )
=	7785.899	/ (	(128.918	+	83.6)	/	2 )
=	7785.899	/	106.259
=	73.27

Anhui Hengyuan Coal Industry And Electricity Power 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 )
=	2051.053	/ (	(83.6	+	128.472)	/	2 )
=	2051.053	/	106.036
=	19.34

Anhui Hengyuan Coal Industry And Electricity Power Co (SHSE:600971) 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.

Anhui Hengyuan Coal Industry And Electricity Power Co Receivables Turnover Related Terms

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Anhui Hengyuan Coal Industry And Electricity Power Co (SHSE:600971) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Anhui Hengyuan Coal Industry And Electricity Power Co Ltd (SHSE:600971) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Liuqiao Town, Tunxi County, Anhui Province, Huaibei, CHN, 235162

Website

http://www.ahhymd.com.cn

Anhui Hengyuan Coal Industry And Electricity Power Co Ltd is a China-based company engaged in mining, processing, washing, and sale of coal. It offers coal blending, washing coal, smelting clean coal products which are widely used in electric power, metallurgy, petrochemical, building materials, coking, blast furnace injection, civil and other fields. Geographically the company's products are sold well in East China and Jiangxi province.

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