Guangzhou Guanggang Gases and Energy Co (SHSE:688548) Receivables Turnover : 1.12 (As of Mar. 2025)

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What is Guangzhou Guanggang Gases and Energy 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. Guangzhou Guanggang Gases and Energy Co's Revenue for the three months ended in Mar. 2025 was ¥548 Mil. Guangzhou Guanggang Gases and Energy Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥489 Mil. Hence, Guangzhou Guanggang Gases and Energy Co's Receivables Turnover for the three months ended in Mar. 2025 was 1.12.

Guangzhou Guanggang Gases and Energy Co Receivables Turnover Historical Data

The historical data trend for Guangzhou Guanggang Gases and Energy 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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Guangzhou Guanggang Gases and Energy Co Receivables Turnover Chart

Guangzhou Guanggang Gases and Energy Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

Get a 7-Day Free Trial

10.63

7.32

6.75

5.92

5.11

Guangzhou Guanggang Gases and Energy Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial											1.26	1.23	1.20	1.32	1.12

Competitive Comparison of Guangzhou Guanggang Gases and Energy Co's Receivables Turnover

For the Specialty Chemicals subindustry, Guangzhou Guanggang Gases and Energy 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.

Guangzhou Guanggang Gases and Energy Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Guangzhou Guanggang Gases and Energy Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Guangzhou Guanggang Gases and Energy Co's Receivables Turnover falls into.

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Guangzhou Guanggang Gases and Energy Co Receivables Turnover Calculation

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

Guangzhou Guanggang Gases and Energy 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 )
=	2103.466	/ (	(343.417	+	480.514)	/	2 )
=	2103.466	/	411.9655
=	5.11

Guangzhou Guanggang Gases and Energy 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 )
=	548.34	/ (	(480.514	+	496.827)	/	2 )
=	548.34	/	488.6705
=	1.12

Guangzhou Guanggang Gases and Energy Co (SHSE:688548) 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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Guangzhou Guanggang Gases and Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangzhou Guanggang Gases and Energy Co Ltd (SHSE:688548) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 5, Honggang Road, Wanqingsha Town, Nansha, Guangdong, Guangzhou, CHN, 510380

Website

https://www.ggas.com

Guangzhou Guanggang Gases and Energy Co Ltd is engaged in the research & development, production and sales of industrial gases with electronic bulk gases as the core. it is a domestic electronic bulk gas comprehensive service provider.

Executives

Yao Zhan Fan	Director
Deng Tao	Director
Liu Qiong	senior management

Guangzhou Guanggang Gases and Energy Co Headlines

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