Semiconductor Manufacturing International (HKSE:00981) Receivables Turnover : 1.96 (As of Dec. 2023)

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What is Semiconductor Manufacturing International 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. Semiconductor Manufacturing International's Revenue for the three months ended in Dec. 2023 was HK$13,107 Mil. Semiconductor Manufacturing International's average Accounts Receivable for the three months ended in Dec. 2023 was HK$6,701 Mil. Hence, Semiconductor Manufacturing International's Receivables Turnover for the three months ended in Dec. 2023 was 1.96.

Semiconductor Manufacturing International Receivables Turnover Historical Data

The historical data trend for Semiconductor Manufacturing International'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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Semiconductor Manufacturing International Receivables Turnover Chart

Semiconductor Manufacturing International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.07

8.51

9.62

10.53

10.69

Semiconductor Manufacturing International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.66	1.63	1.88	1.84	1.96

Competitive Comparison of Semiconductor Manufacturing International's Receivables Turnover

For the Semiconductors subindustry, Semiconductor Manufacturing International'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.

Semiconductor Manufacturing International's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Semiconductor Manufacturing International's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Semiconductor Manufacturing International's Receivables Turnover falls into.

Semiconductor Manufacturing International Receivables Turnover Calculation

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

Semiconductor Manufacturing International'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 )
=	49370.119	/ (	(5373.662	+	3860.728)	/	2 )
=	49370.119	/	4617.195
=	10.69

Semiconductor Manufacturing International'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 )
=	13107.18	/ (	(9541.298	+	3860.728)	/	2 )
=	13107.18	/	6701.013
=	1.96

Semiconductor Manufacturing International (HKSE:00981) 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.

Semiconductor Manufacturing International Receivables Turnover Related Terms

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Semiconductor Manufacturing International (HKSE:00981) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Semiconductor Manufacturing International Corp (HKSE:00981) » Definitions » Receivables Turnover

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MKN2:Germany 688981:China

Address

No. 18 Zhangjiang Road, Pudong New Area, Shanghai, CHN, 201203

Website

https://www.smics.com

Founded in 2000, Semiconductor Manufacturing International Corp. is the largest Chinese foundry and the fifth-largest globally after TSMC, Samsung Electronics, GlobalFoundries, and United Microelectronics Corp. The company's headquarters and foundry are in Shanghai, with additional foundries in Beijing, Tianjin, and Shenzhen and offices in the United States, Europe, Japan, Taiwan, and Hong Kong. Its products are used in artificial intelligence, data centers, automotive, consumer electronics, memory, and "Internet of Things" products. SMIC employs over 21,000 people.

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