Shanghai Electric Wind Power Group Co (SHSE:688660) Receivables Turnover : 0.20 (As of Jun. 2024)

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What is Shanghai Electric Wind Power 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 Electric Wind Power Group Co's Revenue for the three months ended in Jun. 2024 was ¥749 Mil. Shanghai Electric Wind Power Group Co's average Accounts Receivable for the three months ended in Jun. 2024 was ¥3,712 Mil. Hence, Shanghai Electric Wind Power Group Co's Receivables Turnover for the three months ended in Jun. 2024 was 0.20.

Shanghai Electric Wind Power Group Co Receivables Turnover Historical Data

The historical data trend for Shanghai Electric Wind Power 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 Electric Wind Power Group Co Receivables Turnover Chart

Shanghai Electric Wind Power Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.91

4.47

7.14

4.80

2.89

Shanghai Electric Wind Power Group Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial															0.74	0.43	1.08	0.11	0.20

Competitive Comparison of Shanghai Electric Wind Power Group Co's Receivables Turnover

For the Utilities - Renewable subindustry, Shanghai Electric Wind Power 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 Electric Wind Power Group Co's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Shanghai Electric Wind Power Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shanghai Electric Wind Power Group Co's Receivables Turnover falls into.

Shanghai Electric Wind Power Group Co Receivables Turnover Calculation

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

Shanghai Electric Wind Power 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 )
=	10114.213	/ (	(3075.058	+	3919.188)	/	2 )
=	10114.213	/	3497.123
=	2.89

Shanghai Electric Wind Power Group Co's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	748.958	/ (	(4251.236	+	3172.728)	/	2 )
=	748.958	/	3711.982
=	0.20

Shanghai Electric Wind Power Group Co (SHSE:688660) 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.

Shanghai Electric Wind Power Group Co Receivables Turnover Related Terms

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Shanghai Electric Wind Power Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Shanghai Electric Wind Power Group Co Ltd (SHSE:688660) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 555, Dongchuan Road, 8th Floor, Building, Minhang District, Shanghai, CHN, 200240

Website

https://www.shanghai-electric.com

Shanghai Electric Wind Power Group Co Ltd is engaged in the design, research and development, manufacturing and sales, and aftermarket supporting services of Wind power equipment.

Executives

Huang Feng Feng	senior management
Wang Hong Chun	Supervisors
Qiao Yin Ping	Director
Wang Yong	Directors, senior managers
Liu Xiang Nan	Directors, senior managers
Wu Gai	Directors, senior managers
Wang Ming Jun	senior management
Zheng Gang	Directors, senior managers
Zhu Zhi Quan	Core technical personnel

Shanghai Electric Wind Power Group Co Headlines

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