Shanghai SK Petroleum & Chemical Equipment (SZSE:002278) Receivables Turnover : 0.39 (As of Jun. 2024)

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What is Shanghai SK Petroleum & Chemical Equipment 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 SK Petroleum & Chemical Equipment's Revenue for the three months ended in Jun. 2024 was ¥188.8 Mil. Shanghai SK Petroleum & Chemical Equipment's average Accounts Receivable for the three months ended in Jun. 2024 was ¥489.3 Mil. Hence, Shanghai SK Petroleum & Chemical Equipment's Receivables Turnover for the three months ended in Jun. 2024 was 0.39.

Shanghai SK Petroleum & Chemical Equipment Receivables Turnover Historical Data

The historical data trend for Shanghai SK Petroleum & Chemical Equipment'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 SK Petroleum & Chemical Equipment Receivables Turnover Chart

Shanghai SK Petroleum & Chemical Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.84

1.98

1.84

1.25

1.59

Shanghai SK Petroleum & Chemical Equipment 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															0.42	0.33	0.48	0.31	0.39

Competitive Comparison of Shanghai SK Petroleum & Chemical Equipment's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Shanghai SK Petroleum & Chemical Equipment'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 SK Petroleum & Chemical Equipment's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shanghai SK Petroleum & Chemical Equipment's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shanghai SK Petroleum & Chemical Equipment's Receivables Turnover falls into.

Shanghai SK Petroleum & Chemical Equipment Receivables Turnover Calculation

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

Shanghai SK Petroleum & Chemical Equipment'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 )
=	743.671	/ (	(470.926	+	463.589)	/	2 )
=	743.671	/	467.2575
=	1.59

Shanghai SK Petroleum & Chemical Equipment'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 )
=	188.753	/ (	(462.665	+	516.026)	/	2 )
=	188.753	/	489.3455
=	0.39

Shanghai SK Petroleum & Chemical Equipment (SZSE:002278) 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 SK Petroleum & Chemical Equipment Receivables Turnover Related Terms

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Shanghai SK Petroleum & Chemical Equipment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai SK Petroleum & Chemical Equipment Corp Ltd (SZSE:002278) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1769 Puxing Highway, Pujiang Town, Minhang District, Shanghai, Shanghai, CHN, 201114

Website

http://www.shenkai.com

Shanghai SK Petroleum & Chemical Equipment Corp Ltd is engaged in research and development and manufacturing of petrochemical equipment and engineering technology services. The products of the company include well control equipment, wellhead equipment, drilling and mining accessories, drilling instruments, oil analyzers, blowout preventers, and oil and mining drill bits.

Executives

Li Fang Ying	Director
Zhang Guan Jun	Independent director
Tang Wei Min	Executives
Jiang Gan Hong	Supervisors
Zhao Xin Yi	Executives
Gu Cheng Yu	Directors, executives
Huang Jia Liu	Director
Wang Xiang Wei	Director
Kou Yu Ting	Directors, executives
Gu Bing	Directors, Directors, and Executives
Yuan Jian Xin	Director
Wang Min	Executives
Chen Zhi Min	Supervisors
Gu Zheng	Director
Hu Shou Jun	Independent director

Shanghai SK Petroleum & Chemical Equipment Headlines

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