China Everbright Environment Group (China Everbright Environment Group) Receivables Turnover : 0.96 (As of Jun. 2023)

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What is China Everbright Environment Group 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. China Everbright Environment Group's Revenue for the six months ended in Jun. 2023 was $2,081 Mil. China Everbright Environment Group's average Accounts Receivable for the six months ended in Jun. 2023 was $2,174 Mil. Hence, China Everbright Environment Group's Receivables Turnover for the six months ended in Jun. 2023 was 0.96.

China Everbright Environment Group Receivables Turnover Historical Data

The historical data trend for China Everbright Environment Group'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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China Everbright Environment Group Receivables Turnover Chart

China Everbright Environment Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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12.56

8.82

5.16

2.63

1.82

China Everbright Environment Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.05	1.49	1.03	0.96	0.82

Competitive Comparison of China Everbright Environment Group's Receivables Turnover

For the Waste Management subindustry, China Everbright Environment Group'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.

China Everbright Environment Group's Receivables Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, China Everbright Environment Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Everbright Environment Group's Receivables Turnover falls into.

China Everbright Environment Group Receivables Turnover Calculation

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

China Everbright Environment Group's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	4793.746	/ (	(1681.062	+	1967.188)	/	2 )
=	4793.746	/	1824.125
=	2.63

China Everbright Environment Group's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	2080.578	/ (	(1967.188	+	2381.069)	/	2 )
=	2080.578	/	2174.1285
=	0.96

China Everbright Environment Group (OTCPK:CHFFF) 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.

China Everbright Environment Group Receivables Turnover Related Terms

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China Everbright Environment Group (China Everbright Environment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » China Everbright Environment Group Ltd (OTCPK:CHFFF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CHFFY:USA 00257:Hong Kong CNE:Germany

Address

16 Harcourt Road, Room 2703, 27th Floor, Far East Finance Centre, Hong Kong, HKG

Website

https://www.cebenvironment.com

China Everbright Environment Group Ltd is engaged in construction, environmental energy project operation, Greentech project operation, environmental water project operation, the conduct of environmental protection technology research and development, provision of environmental-related technological services, design of environmental protection projects, provision of environmental protection project equipment construction and installation services and sales of related equipment, provision of waste sorting, renewable resources utilization, sanitation operation services, sales of energy-saving streetlights. Its segments are Environmental energy project construction and operation, Greentech project construction and operation, Environmental water project construction and operation, and Others.

China Everbright Environment Group (China Everbright Environment Group) Headlines

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