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Ceepower Co (SZSE:300062) Receivables Turnover : 0.19 (As of Sep. 2024)


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What is Ceepower 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. Ceepower Co's Revenue for the three months ended in Sep. 2024 was ¥178 Mil. Ceepower Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥957 Mil. Hence, Ceepower Co's Receivables Turnover for the three months ended in Sep. 2024 was 0.19.


Ceepower Co Receivables Turnover Historical Data

The historical data trend for Ceepower 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.

Ceepower Co Receivables Turnover Chart

Ceepower Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.37 1.32 1.22 1.45 1.87

Ceepower Co 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 0.55 0.60 0.43 0.46 0.19

Competitive Comparison of Ceepower Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Ceepower 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.


Ceepower Co's Receivables Turnover Distribution in the Industrial Products Industry

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

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



Ceepower Co Receivables Turnover Calculation

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

Ceepower 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 )
=1659.505 / ((915.672 + 863.606) / 2 )
=1659.505 / 889.639
=1.87

Ceepower Co'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 )
=178.174 / ((973.666 + 941.124) / 2 )
=178.174 / 957.395
=0.19

* 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.


Ceepower Co  (SZSE:300062) 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.


Ceepower Co Receivables Turnover Related Terms

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Ceepower Co Business Description

Traded in Other Exchanges
N/A
Address
20 North Jinzhou Road, Golden Mountain Industrial Zone, Fujian Province, Fuzhou City, CHN, 350301
Ceepower Co Ltd is engaged in the business of transmission and distribution of power transmission, smart grid, new energy photovoltaic power generation and operation. The products of the company include cable accessories, switching device, SMC cabinet, video surveillance, distribution automation terminal, and box substation.
Executives
Liu Ming Qiang Executives
Chen Tian Xu Director
Directors, executives
Wu Hao Director
Zhuo Hong Xing Executives
Huang Nan Directors, executives
Chen Man Hong Director

Ceepower Co Headlines

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