CEC Environmental Protection Co (SZSE:300172) Receivables Turnover : 0.28 (As of Mar. 2024)

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What is CEC Environmental Protection 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. CEC Environmental Protection Co's Revenue for the three months ended in Mar. 2024 was ¥203.7 Mil. CEC Environmental Protection Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥715.4 Mil. Hence, CEC Environmental Protection Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.28.

CEC Environmental Protection Co Receivables Turnover Historical Data

The historical data trend for CEC Environmental Protection 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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CEC Environmental Protection Co Receivables Turnover Chart

CEC Environmental Protection Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.85

1.58

1.38

1.50

1.35

CEC Environmental Protection 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															0.36	0.38	0.26	0.29	0.28

Competitive Comparison of CEC Environmental Protection Co's Receivables Turnover

For the Pollution & Treatment Controls subindustry, CEC Environmental Protection 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.

CEC Environmental Protection Co's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where CEC Environmental Protection Co's Receivables Turnover falls into.

CEC Environmental Protection Co Receivables Turnover Calculation

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

CEC Environmental Protection 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 )
=	1005.987	/ (	(735.303	+	749.946)	/	2 )
=	1005.987	/	742.6245
=	1.35

CEC Environmental Protection 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 )
=	203.725	/ (	(749.946	+	680.776)	/	2 )
=	203.725	/	715.361
=	0.28

CEC Environmental Protection Co (SZSE:300172) 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.

CEC Environmental Protection Co Receivables Turnover Related Terms

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CEC Environmental Protection Co (SZSE:300172) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CEC Environmental Protection Co Ltd (SZSE:300172) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Number 1800, Chengxin Street, Nanjing (Environmental Concentration Zone), Jiangning District, Nanjing, CHN, 211102

Website

http://www.ce-ep.com

CEC Environmental Protection Co Ltd is engaged in the provision of water processing system solutions, water processing equipment system integration and contract construction of related engineering for industrial projects of thermal power, nuclear power, petrochemical, coal chemical, metallurgy and other industries. The company provides condensate polishing, water supply treatment, wastewater treatment, water vapor centralized monitoring and chemical injection lines, industrial flue gas treatment, municipal sludge treatment, municipal sewage treatment and others.

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