Sieyuan Electric Co (SZSE:002028) Receivables Turnover : 0.62 (As of Mar. 2024)

View and export this data going back to 2004. Start your Free Trial

What is Sieyuan Electric 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. Sieyuan Electric Co's Revenue for the three months ended in Mar. 2024 was ¥2,658 Mil. Sieyuan Electric Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥4,257 Mil. Hence, Sieyuan Electric Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.62.

Sieyuan Electric Co Receivables Turnover Historical Data

The historical data trend for Sieyuan Electric 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.

* Premium members only.

Sieyuan Electric Co Receivables Turnover Chart

Sieyuan Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

2.82

3.66

3.64

3.41

3.17

Sieyuan Electric 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															0.61	0.81	0.78	0.90	0.62

Competitive Comparison of Sieyuan Electric Co's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Sieyuan Electric 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.

Sieyuan Electric Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sieyuan Electric Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sieyuan Electric Co's Receivables Turnover falls into.

Sieyuan Electric Co Receivables Turnover Calculation

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

Sieyuan Electric 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 )
=	12460.028	/ (	(3527.198	+	4338.526)	/	2 )
=	12460.028	/	3932.862
=	3.17

Sieyuan Electric 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 )
=	2657.548	/ (	(4338.526	+	4174.61)	/	2 )
=	2657.548	/	4256.568
=	0.62

Sieyuan Electric Co (SZSE:002028) 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.

Sieyuan Electric Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Sieyuan Electric Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Sieyuan Electric Co (SZSE:002028) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sieyuan Electric Co Ltd (SZSE:002028) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 3399 Huaning Road, Minhang District, Shanghai, CHN, 201108

Website

http://en.sieyuan.com

Sieyuan Electric Co Ltd is a China-based company provides electrical equipment and services. The group primarily specializes in the research and development of electric power technology, equipment manufacturing, and engineering services. Siyuan Electric's business involves power, metallurgy, railway, petrochemical, coal, port and other industries. The products offered by the company include Capacitor, reactor, high voltage SVG, Intelligent terminal, auxiliary system, string harmonic, oil chromatography, UV imager and others. Geographically, it holds a presence in both the Chinese and international market.

Executives

Yang Zhi Hua	Directors, executives
Wu Sheng Zhang	Director
Dong Zeng Ping	Directors, executives
Chen Bang Dong	Director
Lin Ling	Directors, executives
Liu Cai	Executives
He Zhao Gang	Executives
Chen Hai Yan	Supervisors
Zhang Xiang Yang	Executives
Chen Zhao Ping	Executives
Yao Lian Hui	Supervisors
Wang Jian Zhong	Executives
Zhang Xiao Guo	Supervisors
Li Feng	Directors, executives
He Ya Ping	Director, within half a year of separation

Sieyuan Electric Co (SZSE:002028) Headlines

No Headlines