Chongqing Iron & Steel Co (SHSE:601005) Receivables Turnover : 281.41 (As of Sep. 2024)

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What is Chongqing Iron & Steel 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. Chongqing Iron & Steel Co's Revenue for the three months ended in Sep. 2024 was ¥5,512 Mil. Chongqing Iron & Steel Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥20 Mil. Hence, Chongqing Iron & Steel Co's Receivables Turnover for the three months ended in Sep. 2024 was 281.41.

Chongqing Iron & Steel Co Receivables Turnover Historical Data

The historical data trend for Chongqing Iron & Steel 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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Chongqing Iron & Steel Co Receivables Turnover Chart

Chongqing Iron & Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1,306.13

1,204.89

896.24

789.04

1,132.78

Chongqing Iron & Steel Co 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															11.40	11.79	388.57	394.38	281.41

Competitive Comparison of Chongqing Iron & Steel Co's Receivables Turnover

For the Steel subindustry, Chongqing Iron & Steel 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.

Chongqing Iron & Steel Co's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Chongqing Iron & Steel Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Chongqing Iron & Steel Co's Receivables Turnover falls into.

Chongqing Iron & Steel Co Receivables Turnover Calculation

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

Chongqing Iron & Steel 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 )
=	39318.142	/ (	(38.789	+	30.63)	/	2 )
=	39318.142	/	34.7095
=	1,132.78

Chongqing Iron & Steel Co'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 )
=	5512.048	/ (	(28.082	+	11.093)	/	2 )
=	5512.048	/	19.5875
=	281.41

Chongqing Iron & Steel Co (SHSE:601005) 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.

Chongqing Iron & Steel Co Receivables Turnover Related Terms

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Chongqing Iron & Steel Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Chongqing Iron & Steel Co Ltd (SHSE:601005) » Definitions » Receivables Turnover

Traded in Other Exchanges

01053:Hong Kong CGP:Germany

Address

No. 2 Jiangnan Avenue, Jiangnan Street, Changshou District, Chongqing, CHN, 401258

Website

http://www.cqgt.cn

Chongqing Iron & Steel Co Ltd is a company that produces, processes, and sells steel plates, steel sections, wire rods, bar materials, billets, and thin plates. they also produce and sell coking and coal chemical products, pig iron & grain slag, steel slag, and steel scrap. The products they make are used in various industries such as machinery, architecture, engineering, automobile, motorbike, shipbuilding, offshore oil, gas cylinder, boiler, as well as oil and gas pipelines. The group's revenue and profit mainly come from steel manufacturing and domestic sales.

Executives

Yao Xiao Hu	Director
Xia Tong	Director
Yu Hong	Director
Lv Feng	senior management
Zhang Shuo Gong	Director
Li Ren Sheng	senior management
Li Yong Xiang	Director
Meng Xiang Yun	Director
Xiao Yu Xin	Supervisors
Wang Bu Lin	senior management
Zhang Li Quan	Director
Ceng Jing	senior management
Tu De Ling	Director
Zhou Ya Ping	Supervisors
Zhao Wei	Supervisors

Chongqing Iron & Steel Co Headlines

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