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Jiangsu Lianyungang Port Co (SHSE:601008) Receivables Turnover : 2.66 (As of Sep. 2024)


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What is Jiangsu Lianyungang Port 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. Jiangsu Lianyungang Port Co's Revenue for the three months ended in Sep. 2024 was ¥644 Mil. Jiangsu Lianyungang Port Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥242 Mil. Hence, Jiangsu Lianyungang Port Co's Receivables Turnover for the three months ended in Sep. 2024 was 2.66.


Jiangsu Lianyungang Port Co Receivables Turnover Historical Data

The historical data trend for Jiangsu Lianyungang Port 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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Jiangsu Lianyungang Port Co Receivables Turnover Chart

Jiangsu Lianyungang Port Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.55 9.43 14.21 19.24 14.78

Jiangsu Lianyungang Port 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.03 3.79 2.71 2.43 2.66

Competitive Comparison of Jiangsu Lianyungang Port Co's Receivables Turnover

For the Marine Shipping subindustry, Jiangsu Lianyungang Port 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.


Jiangsu Lianyungang Port Co's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Jiangsu Lianyungang Port Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jiangsu Lianyungang Port Co's Receivables Turnover falls into.



Jiangsu Lianyungang Port Co Receivables Turnover Calculation

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

Jiangsu Lianyungang Port 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 )
=2522.253 / ((149.511 + 191.887) / 2 )
=2522.253 / 170.699
=14.78

Jiangsu Lianyungang Port 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 )
=644.332 / ((263.191 + 220.882) / 2 )
=644.332 / 242.0365
=2.66

* 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.


Jiangsu Lianyungang Port Co  (SHSE:601008) 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.


Jiangsu Lianyungang Port Co Receivables Turnover Related Terms

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Jiangsu Lianyungang Port Co Business Description

Traded in Other Exchanges
N/A
Address
No. 8 Gangkou Road, China (Jiangsu) Pilot Free Trade Zone, Lianyungang Area, Miaoling Port District, Lianyugang, CHN, 222042
Jiangsu Lianyungang Port Co Ltd is a Chinese company principally engaged in the management and operation of port transit, cargo handling, and cargo stockpiling. The company's operations involves terminal and other port facilities operations, provision of waiting and boarding and disembarking facilities and services for passengers.

Jiangsu Lianyungang Port Co Headlines

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