Zhejiang Weiming Environment Protection Co (SHSE:603568) Receivables Turnover : 0.84 (As of Mar. 2024)

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What is Zhejiang Weiming Environment Protection 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. Zhejiang Weiming Environment Protection Co's Revenue for the three months ended in Mar. 2024 was ¥2,008 Mil. Zhejiang Weiming Environment Protection Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥2,391 Mil. Hence, Zhejiang Weiming Environment Protection Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.84.

Zhejiang Weiming Environment Protection Co Receivables Turnover Historical Data

The historical data trend for Zhejiang Weiming Environment Protection 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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Zhejiang Weiming Environment Protection Co Receivables Turnover Chart

Zhejiang Weiming Environment Protection Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.74

6.86

5.05

4.20

3.73

Zhejiang Weiming Environment Protection 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															1.10	0.92	0.78	0.60	0.84

Competitive Comparison of Zhejiang Weiming Environment Protection Co's Receivables Turnover

For the Waste Management subindustry, Zhejiang Weiming Environment Protection 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.

Zhejiang Weiming Environment Protection Co's Receivables Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Zhejiang Weiming Environment Protection Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Zhejiang Weiming Environment Protection Co's Receivables Turnover falls into.

Zhejiang Weiming Environment Protection Co Receivables Turnover Calculation

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

Zhejiang Weiming Environment Protection 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 )
=	6024.581	/ (	(992.028	+	2234.715)	/	2 )
=	6024.581	/	1613.3715
=	3.73

Zhejiang Weiming Environment Protection 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 )
=	2008.033	/ (	(2234.715	+	2548.129)	/	2 )
=	2008.033	/	2391.422
=	0.84

Zhejiang Weiming Environment Protection Co (SHSE:603568) 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.

Zhejiang Weiming Environment Protection Co Receivables Turnover Related Terms

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Zhejiang Weiming Environment Protection Co (SHSE:603568) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Zhejiang Weiming Environment Protection Co Ltd (SHSE:603568) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

525 Shifu Road, 16th Floor, Tongren Hengjiu Building, Zhejiang, Wenzhou, CHN, 325088

Website

http://www.cnweiming.com

Zhejiang Weiming Environment Protection Co Ltd is a China-based company engaged in solid waste disposal business. It is focused on solid waste-related technological development, equipment manufacturing and sales, project investment, project construction, and operational management. The company is also engaged in waste incineration power generation projects. The company's products include waste incineration grate, boiler, and flue gas treatment system.

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