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Shanghai International Airport Co (SHSE:600009) Receivables Turnover : 1.03 (As of Dec. 2023)


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What is Shanghai International Airport 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. Shanghai International Airport Co's Revenue for the three months ended in Dec. 2023 was ¥3,126 Mil. Shanghai International Airport Co's average Accounts Receivable for the three months ended in Dec. 2023 was ¥3,045 Mil. Hence, Shanghai International Airport Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.03.

Shanghai International Airport Co Receivables Turnover Historical Data

The historical data trend for Shanghai International Airport 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.

* Premium members only.

Shanghai International Airport Co Receivables Turnover Chart

Shanghai International Airport Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.35 2.60 4.65 2.77 4.71

Shanghai International Airport Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.60 0.89 0.96 0.95 1.03

Competitive Comparison of Shanghai International Airport Co's Receivables Turnover

For the Airports & Air Services subindustry, Shanghai International Airport 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.

Shanghai International Airport Co's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Shanghai International Airport Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shanghai International Airport Co's Receivables Turnover falls into.


Shanghai International Airport Co Receivables Turnover Calculation

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

Shanghai International Airport 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 )
=11047.016 / ((2102.116 + 2590.41) / 2 )
=11047.016 / 2346.263
=4.71

Shanghai International Airport Co'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 )
=3126.216 / ((3499.181 + 2590.41) / 2 )
=3126.216 / 3044.7955
=1.03

* 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.

Shanghai International Airport Co  (SHSE:600009) 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.

Shanghai International Airport Co Receivables Turnover Related Terms

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Shanghai International Airport Co (SHSE:600009) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shanghai International Airport Co Ltd (SHSE:600009) » Definitions » Receivables Turnover
Comparable Companies
SHSE:600004 SZSE:000089 SHSE:600897 SZSE:002210 XMAD:AENA BKK:AOT XPAR:ADP ASURB GAPB HSTC:ACV NZSE:AIA XSWX:FHZN OCSE:KBHL BOM:532754 KUW:AGLTY XTER:FRA WBO:FLU CAAP JOBY TSE:9706
Traded in Other Exchanges
N/A
Address
No. 900 Qihang Road, Pudong, Shanghai, CHN, 201207
Website
http://www.shairport.com
Shanghai International Airport Co Ltd is engaged in airport services at the Pudong International Airport in Shanghai, China. The company's principal activities consist of ground handling services for domestic and foreign airlines.

Shanghai International Airport Co (SHSE:600009) Headlines

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