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Western Region Gold Co (SHSE:601069) Receivables Turnover : 2.76 (As of Mar. 2024)


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What is Western Region Gold 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. Western Region Gold Co's Revenue for the three months ended in Mar. 2024 was ¥1,428 Mil. Western Region Gold Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥517 Mil. Hence, Western Region Gold Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.76.


Western Region Gold Co Receivables Turnover Historical Data

The historical data trend for Western Region Gold 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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Western Region Gold Co Receivables Turnover Chart

Western Region Gold 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 422.75 664.16 81.86 17.18 9.78

Western Region Gold 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 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 2.60 4.32 1.69 2.07 2.76

Competitive Comparison of Western Region Gold Co's Receivables Turnover

For the Gold subindustry, Western Region Gold 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.


Western Region Gold Co's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Western Region Gold Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Western Region Gold Co's Receivables Turnover falls into.



Western Region Gold Co Receivables Turnover Calculation

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

Western Region Gold 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 )
=4468.381 / ((393.006 + 520.834) / 2 )
=4468.381 / 456.92
=9.78

Western Region Gold 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 )
=1427.943 / ((520.834 + 513.092) / 2 )
=1427.943 / 516.963
=2.76

* 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.


Western Region Gold Co  (SHSE:601069) 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.


Western Region Gold Co Receivables Turnover Related Terms

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Western Region Gold Co (SHSE:601069) Business Description

Traded in Other Exchanges
N/A
Address
No. 501, South Road, Economic and Technological Development Zone, Xinjiang Uygur Autonomous Region, Urumqi, CHN, 834000
Western Region Gold Co Ltd is engaged in gold mining. The company is also engaged in the iron ore mine and chrome ore mining.
Executives
Sun Jian Hua senior management
He Jian Zhang Director
Wang Yong Supervisors
Duan Wei Dong Director
Liu Jun Directors, senior managers
Ding Hong Supervisors
Liu Chao Hui senior management
Yu Guo Jun Director
Tang Xiang Yang Director
Tang Fang senior management
Hu Jian Ming senior management
Zhu Ling Xiao senior management
Qi Xin Ying Directors, senior managers

Western Region Gold Co (SHSE:601069) Headlines

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