Zhenhai Petrochemical Engineering Co (SHSE:603637) Receivables Turnover : 0.38 (As of Mar. 2025)

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What is Zhenhai Petrochemical Engineering 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. Zhenhai Petrochemical Engineering Co's Revenue for the three months ended in Mar. 2025 was ¥53.6 Mil. Zhenhai Petrochemical Engineering Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥140.4 Mil. Hence, Zhenhai Petrochemical Engineering Co's Receivables Turnover for the three months ended in Mar. 2025 was 0.38.

Zhenhai Petrochemical Engineering Co Receivables Turnover Historical Data

The historical data trend for Zhenhai Petrochemical Engineering 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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Zhenhai Petrochemical Engineering Co Receivables Turnover Chart

Zhenhai Petrochemical Engineering Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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7.31

6.86

2.81

2.63

2.98

Zhenhai Petrochemical Engineering Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															0.51	0.46	0.71	1.37	0.38

Competitive Comparison of Zhenhai Petrochemical Engineering Co's Receivables Turnover

For the Engineering & Construction subindustry, Zhenhai Petrochemical Engineering 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.

Zhenhai Petrochemical Engineering Co's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Zhenhai Petrochemical Engineering Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Zhenhai Petrochemical Engineering Co's Receivables Turnover falls into.

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Zhenhai Petrochemical Engineering Co Receivables Turnover Calculation

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

Zhenhai Petrochemical Engineering Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	517.542	/ (	(199.657	+	147.526)	/	2 )
=	517.542	/	173.5915
=	2.98

Zhenhai Petrochemical Engineering Co's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	53.633	/ (	(147.526	+	133.256)	/	2 )
=	53.633	/	140.391
=	0.38

Zhenhai Petrochemical Engineering Co (SHSE:603637) 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.

Zhenhai Petrochemical Engineering Co Receivables Turnover Related Terms

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Zhenhai Petrochemical Engineering Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhenhai Petrochemical Engineering Co Ltd (SHSE:603637) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No.36, Xinghai South Road, High-tech Zone, Zhejiang Province, Ningbo, CHN, 315042

Website

http://www.izpec.com

Zhenhai Petrochemical Engineering Co Ltd provides construction of petrochemical engineering and technical services. Its services include engineering contracting, engineering design, project management, supervision, and engineering consulting project trial price and bidding agency, and other businesses. The company offers various forms of construction services, and technology development and application services; and project contract management services primarily for the petrochemical industry.

Executives

Feng Lu Miao	Director
Yu Jin	Supervisors
Qi Yuan Qing	senior management
Jin Chang	senior management
Yang Xiang Yi	Director
Zhang Jing	Director
Gai Xiao Dong	Director
Shi Dan	Director
Fan Qi Hai	Director
Zhang Yi Gang	Director
Zhao Li Wei	Director
You Pei Di	Director
Fan Xiao Mei	Director
Cai Jin Song	Director
Song Tao	Director

Zhenhai Petrochemical Engineering Co Headlines

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