GreenTech Environmental Co (SHSE:688466) Receivables Turnover : 0.39 (As of Sep. 2024)

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What is GreenTech Environmental 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. GreenTech Environmental Co's Revenue for the three months ended in Sep. 2024 was ¥148.7 Mil. GreenTech Environmental Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥381.8 Mil. Hence, GreenTech Environmental Co's Receivables Turnover for the three months ended in Sep. 2024 was 0.39.

GreenTech Environmental Co Receivables Turnover Historical Data

The historical data trend for GreenTech Environmental 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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GreenTech Environmental Co Receivables Turnover Chart

GreenTech Environmental Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.53

2.52

2.13

2.78

2.10

GreenTech Environmental 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															0.44	0.58	0.35	0.37	0.39

Competitive Comparison of GreenTech Environmental Co's Receivables Turnover

For the Utilities - Regulated Water subindustry, GreenTech Environmental 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.

GreenTech Environmental Co's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, GreenTech Environmental Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where GreenTech Environmental Co's Receivables Turnover falls into.

GreenTech Environmental Co Receivables Turnover Calculation

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

GreenTech Environmental 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 )
=	572.755	/ (	(244.871	+	299.87)	/	2 )
=	572.755	/	272.3705
=	2.10

GreenTech Environmental 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 )
=	148.712	/ (	(396.465	+	367.192)	/	2 )
=	148.712	/	381.8285
=	0.39

GreenTech Environmental Co (SHSE:688466) 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.

GreenTech Environmental Co Receivables Turnover Related Terms

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GreenTech Environmental Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » GreenTech Environmental Co Ltd (SHSE:688466) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wangjing Lize Central Park, Room 209-226, 2nd Floor, Block C, Luowa Building, No. 203, Second District, Chaoyang District, Beijing, CHN, 100102

Website

http://www.greentech.com.cn

GreenTech Environmental Co Ltd is a provider of water treatment technology solutions, operational services and resource-based products. The company focuses on engineering, construction, operation management and financing for advanced water treatment and waste-to-resources using membrane technologies.

Executives

Chen An Na

senior management

GreenTech Environmental Co Headlines

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