Jinzhou Portco Co (SHSE:900952) Receivables Turnover : 0.58 (As of Mar. 2024)

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What is Jinzhou Portco 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. Jinzhou Portco Co's Revenue for the three months ended in Mar. 2024 was $69.4 Mil. Jinzhou Portco Co's average Accounts Receivable for the three months ended in Mar. 2024 was $119.1 Mil. Hence, Jinzhou Portco Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.58.

Jinzhou Portco Co Receivables Turnover Historical Data

The historical data trend for Jinzhou Portco 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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Jinzhou Portco Co Receivables Turnover Chart

Jinzhou Portco Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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25.74

8.90

5.36

5.14

4.05

Jinzhou Portco 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															1.35	1.08	0.70	0.79	0.58

Competitive Comparison of Jinzhou Portco Co's Receivables Turnover

For the Marine Shipping subindustry, Jinzhou Portco 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.

Jinzhou Portco Co's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Jinzhou Portco Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jinzhou Portco Co's Receivables Turnover falls into.

Jinzhou Portco Co Receivables Turnover Calculation

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

Jinzhou Portco 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 )
=	394.415	/ (	(87.342	+	107.44)	/	2 )
=	394.415	/	97.391
=	4.05

Jinzhou Portco 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 )
=	69.433	/ (	(107.44	+	130.859)	/	2 )
=	69.433	/	119.1495
=	0.58

Jinzhou Portco Co (SHSE:900952) 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.

Jinzhou Portco Co Receivables Turnover Related Terms

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Jinzhou Portco Co (SHSE:900952) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jinzhou Portco Co Ltd (SHSE:900952) » Definitions » Receivables Turnover

Traded in Other Exchanges

600190:China

Address

No.1, Section 1, Jingang Street, Economic and Technological Development Zone, Liaoning Province, Jinzhou, CHN, 121007

Website

http://www.jinzhouport.com

Jinzhou Portco Co Ltd in China operates a port hub mainly for oil and chemical transportation, container transportation, and cargo transportation. It holds around 24 berths, including 250,000 tons of oil berths, 100,000 tons of bulk cargo berths and 100,000 tons of container-specific berths. Oil, grain, mineral powder, coal, steel, fertilizer and domestic trade containers are the main sources of supply for the company. It serves china's north and south and holds a navigation relationship with more than 100 countries and regions such as Asia, Europe, Oceania, America, and Africa.

Jinzhou Portco Co (SHSE:900952) Headlines

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