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Gia Lai Electricity JSC (STC:GEG) Receivables Turnover : 1.34 (As of Sep. 2024)


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What is Gia Lai Electricity JSC 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. Gia Lai Electricity JSC's Revenue for the three months ended in Sep. 2024 was ₫543,139 Mil. Gia Lai Electricity JSC's average Accounts Receivable for the three months ended in Sep. 2024 was ₫406,805 Mil. Hence, Gia Lai Electricity JSC's Receivables Turnover for the three months ended in Sep. 2024 was 1.34.


Gia Lai Electricity JSC Receivables Turnover Historical Data

The historical data trend for Gia Lai Electricity JSC'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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Gia Lai Electricity JSC Receivables Turnover Chart

Gia Lai Electricity JSC Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 7.18 5.59 4.35 3.93 2.74

Gia Lai Electricity JSC 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.49 0.91 0.96 0.87 1.34

Competitive Comparison of Gia Lai Electricity JSC's Receivables Turnover

For the Utilities - Renewable subindustry, Gia Lai Electricity JSC'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.


Gia Lai Electricity JSC's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Gia Lai Electricity JSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Gia Lai Electricity JSC's Receivables Turnover falls into.



Gia Lai Electricity JSC Receivables Turnover Calculation

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

Gia Lai Electricity JSC'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 )
=2163456.148 / ((749953.495 + 829253.578) / 2 )
=2163456.148 / 789603.5365
=2.74

Gia Lai Electricity JSC'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 )
=543139.233 / ((420361.883 + 393248.609) / 2 )
=543139.233 / 406805.246
=1.34

* 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.


Gia Lai Electricity JSC  (STC:GEG) 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.


Gia Lai Electricity JSC Receivables Turnover Related Terms

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Gia Lai Electricity JSC Business Description

Traded in Other Exchanges
N/A
Address
114 Truong Chinh, Phu Dong Ward, Gia Lai Province, Pleiku, VNM
Gia Lai Electricity JSC is engaged in producing, transmitting and distributing electricity, renewable energy, electromechanical and construction; technical services, consulting and construction supervision.Its products include GEC robotic solar panel cleaning, and sharp mono 345W NU serial.