Shanghai Research Institute of Building Sciences Group Co (SHSE:603153) Receivables Turnover : 0.61 (As of Mar. 2024)

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What is Shanghai Research Institute of Building Sciences Group 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. Shanghai Research Institute of Building Sciences Group Co's Revenue for the three months ended in Mar. 2024 was ¥774 Mil. Shanghai Research Institute of Building Sciences Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,273 Mil. Hence, Shanghai Research Institute of Building Sciences Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.61.

Shanghai Research Institute of Building Sciences Group Co Receivables Turnover Historical Data

The historical data trend for Shanghai Research Institute of Building Sciences Group 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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Shanghai Research Institute of Building Sciences Group Co Receivables Turnover Chart

Shanghai Research Institute of Building Sciences Group Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.48

5.14

5.03

3.70

3.36

Shanghai Research Institute of Building Sciences Group Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial									0.66	0.66	0.71	1.14	0.61

Competitive Comparison of Shanghai Research Institute of Building Sciences Group Co's Receivables Turnover

For the Engineering & Construction subindustry, Shanghai Research Institute of Building Sciences Group 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.

Shanghai Research Institute of Building Sciences Group Co's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shanghai Research Institute of Building Sciences Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shanghai Research Institute of Building Sciences Group Co's Receivables Turnover falls into.

Shanghai Research Institute of Building Sciences Group Co Receivables Turnover Calculation

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

Shanghai Research Institute of Building Sciences Group 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 )
=	4009.5	/ (	(1118.74	+	1270.257)	/	2 )
=	4009.5	/	1194.4985
=	3.36

Shanghai Research Institute of Building Sciences Group 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 )
=	774.397	/ (	(1270.257	+	1276.497)	/	2 )
=	774.397	/	1273.377
=	0.61

Shanghai Research Institute of Building Sciences Group Co (SHSE:603153) 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.

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Shanghai Research Institute of Building Sciences Group Co (SHSE:603153) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

No. 75, Wanping South Road, Xuhui, Shanghai, CHN, 200032

Website

https://www.sribs.com

Shanghai Research Institute of Building Sciences Group Co Ltd is engaged in providing services of engineering consulting, testing and design in building, transportation and the environment. The company is undertaking generic technologies research and development in building, transportation and the environment. SRIBS operates a State Enterprise Research & Development Center, two state engineering test centers, over eight ministry-level R&D platforms, and several standardization committees and service platforms as well. The services of the company include Engineering Consulting, Engineering services, Construction, and Smart manufacturing. The company's Project portfolio includes the Shanghai center tower, the nine-star city, the Pudong football stadium, and others.

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