COSCO SHIPPING Ports (COSCO SHIPPING Ports) Receivables Turnover : 2.30 (As of Dec. 2023)

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What is COSCO SHIPPING Ports 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. COSCO SHIPPING Ports's Revenue for the three months ended in Dec. 2023 was $406.6 Mil. COSCO SHIPPING Ports's average Accounts Receivable for the three months ended in Dec. 2023 was $176.4 Mil. Hence, COSCO SHIPPING Ports's Receivables Turnover for the three months ended in Dec. 2023 was 2.30.

COSCO SHIPPING Ports Receivables Turnover Historical Data

The historical data trend for COSCO SHIPPING Ports'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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COSCO SHIPPING Ports Receivables Turnover Chart

COSCO SHIPPING Ports Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.13

11.29

7.43

8.29

12.91

COSCO SHIPPING Ports Quarterly Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.37	3.51	-	1.90	2.30

Competitive Comparison of COSCO SHIPPING Ports's Receivables Turnover

For the Marine Shipping subindustry, COSCO SHIPPING Ports'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.

COSCO SHIPPING Ports's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, COSCO SHIPPING Ports's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where COSCO SHIPPING Ports's Receivables Turnover falls into.

COSCO SHIPPING Ports Receivables Turnover Calculation

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

COSCO SHIPPING Ports'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 )
=	1454.353	/ (	(110.284	+	115.078)	/	2 )
=	1454.353	/	112.681
=	12.91

COSCO SHIPPING Ports's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	406.578	/ (	(237.728	+	115.078)	/	2 )
=	406.578	/	176.403
=	2.30

COSCO SHIPPING Ports (OTCPK:CSPKF) 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.

COSCO SHIPPING Ports Receivables Turnover Related Terms

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COSCO SHIPPING Ports (COSCO SHIPPING Ports) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING Ports Ltd (OTCPK:CSPKF) » Definitions » Receivables Turnover

Traded in Other Exchanges

01199:Hong Kong CTH:Germany

Address

183 Queen's Road Central, 49th Floor, COSCO Tower, Hong Kong, HKG

Website

https://ports.coscoshipping.com

COSCO SHIPPING Ports Ltd is a leading port operator and investor in China. The company's segment includes Terminals and related businesses and Others. It generates maximum revenue from the Terminals and related businesses segment. Geographically presence in Mainland China (excluding Hong Kong), Europe and Others.