China Environmental Technology Holdings (HKSE:00646) Receivables Turnover : 0.29 (As of Jun. 2023)

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What is China Environmental Technology Holdings 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 Environmental Technology Holdings's Revenue for the six months ended in Jun. 2023 was HK$7.82 Mil. China Environmental Technology Holdings's average Accounts Receivable for the six months ended in Jun. 2023 was HK$26.97 Mil. Hence, China Environmental Technology Holdings's Receivables Turnover for the six months ended in Jun. 2023 was 0.29.

China Environmental Technology Holdings Receivables Turnover Historical Data

The historical data trend for China Environmental Technology Holdings'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 Environmental Technology Holdings Receivables Turnover Chart

China Environmental Technology Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.12

2.16

1.92

1.62

0.67

China Environmental Technology Holdings 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															0.86	1.16	0.39	0.29	0.36

Competitive Comparison of China Environmental Technology Holdings's Receivables Turnover

For the Waste Management subindustry, China Environmental Technology Holdings'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 Environmental Technology Holdings's Receivables Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, China Environmental Technology Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Environmental Technology Holdings's Receivables Turnover falls into.

China Environmental Technology Holdings Receivables Turnover Calculation

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

China Environmental Technology Holdings'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 )
=	38.4	/ (	(18.872	+	28.45)	/	2 )
=	38.4	/	23.661
=	1.62

China Environmental Technology Holdings'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 )
=	7.82	/ (	(28.45	+	25.48)	/	2 )
=	7.82	/	26.965
=	0.29

China Environmental Technology Holdings (HKSE:00646) 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 Environmental Technology Holdings Receivables Turnover Related Terms

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China Environmental Technology Holdings (HKSE:00646) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » China Environmental Technology Holdings Ltd (HKSE:00646) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

34 Tai Yau Street, Unit 901, New Tech Plaza, San Po Kong, Kowloon, Hong Kong, HKG

Website

http://www.cethl.com/en/Home

China Environmental Technology Holdings Ltd is engaged in the environmental protection business including trading of machinery and equipment, environmental protection technology, equipment system integration, cities and town wastewater treatment and project technical service, and health-related products and services. It operates through two segments, the Wastewater Treatment segment that engages in the provision of wastewater treatment plants construction and operation services, as well as the trading of wastewater treatment facilities and machinery and the provision for related services; the Healthcare segment engages in the provision of healthcare services. It mainly operates businesses in China and generates a vast majority of its revenues from the Wastewater treatment segment.

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