Shenzhen Seg Co (SZSE:000058) Receivables Turnover : 1.27 (As of Mar. 2024)

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What is Shenzhen Seg 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. Shenzhen Seg Co's Revenue for the three months ended in Mar. 2024 was ¥414 Mil. Shenzhen Seg Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥325 Mil. Hence, Shenzhen Seg Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.27.

Shenzhen Seg Co Receivables Turnover Historical Data

The historical data trend for Shenzhen Seg 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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Shenzhen Seg Co Receivables Turnover Chart

Shenzhen Seg Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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29.63

16.31

11.92

6.97

6.31

Shenzhen Seg 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															1.40	1.51	1.31	1.76	1.27

Competitive Comparison of Shenzhen Seg Co's Receivables Turnover

For the Real Estate Services subindustry, Shenzhen Seg 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.

Shenzhen Seg Co's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Shenzhen Seg Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shenzhen Seg Co's Receivables Turnover falls into.

Shenzhen Seg Co Receivables Turnover Calculation

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

Shenzhen Seg 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 )
=	1949.066	/ (	(315.473	+	302.692)	/	2 )
=	1949.066	/	309.0825
=	6.31

Shenzhen Seg 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 )
=	414.161	/ (	(302.692	+	347.304)	/	2 )
=	414.161	/	324.998
=	1.27

Shenzhen Seg Co (SZSE:000058) 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.

Shenzhen Seg Co Receivables Turnover Related Terms

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Shenzhen Seg Co (SZSE:000058) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shenzhen Seg Co Ltd (SZSE:000058) » Definitions » Receivables Turnover

Traded in Other Exchanges

200058:China

Address

Huaqiang Road (North), 31st Floor, Tower A, Stars Plaza, Futian District, Shenzhen, CHN, 518028

Website

http://www.segcl.com.cn

Shenzhen Seg Co Ltd is a company that is engaged in the development and operation of electronics markets and supporting projects, property leasing services, commercial real estate business, microcredit business, budget hotel business, and trade and channel business. Its projects include the Children's amusement park project, Internet cafe and e-sports project, SEG-OURGAME e-sports stadium, Huizhou Stars SEG Holiday Plaza project, Xi'an SEG Plaza project.

Executives

Liu Zhi Jun	Directors, Directors, and Executives
Zhang Guang Liu	Director
Bao Hong Xi	Executives
Zhang Hai Fan	Supervisors
Zheng Dan	Directors, Directors, and Executives
Zhu Long Qing	Executives
Ru Gui Qin	Supervisors
Wang Bao	Director
Tang Chong Yin	Supervisors
Xu Ning	Supervisors
Ying Hua Dong	Supervisors
Tian Ji Liang	Supervisors
Zhao Xing Xue	Supervisors
Yang Ru Sheng	Independent director
Jiang Yi Gang	Director

Shenzhen Seg Co (SZSE:000058) Headlines

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