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SPIC Yuanda Environmental Protection Co (SHSE:600292) Receivables Turnover : 0.51 (As of Mar. 2024)


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What is SPIC Yuanda Environmental Protection 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. SPIC Yuanda Environmental Protection Co's Revenue for the three months ended in Mar. 2024 was ¥841 Mil. SPIC Yuanda Environmental Protection Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,659 Mil. Hence, SPIC Yuanda Environmental Protection Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.51.


SPIC Yuanda Environmental Protection Co Receivables Turnover Historical Data

The historical data trend for SPIC Yuanda Environmental Protection 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.

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SPIC Yuanda Environmental Protection Co Receivables Turnover Chart

SPIC Yuanda Environmental Protection 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 2.41 2.48 2.79 2.61 2.68

SPIC Yuanda Environmental Protection Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.50 0.60 0.58 0.77 0.51

Competitive Comparison of SPIC Yuanda Environmental Protection Co's Receivables Turnover

For the Utilities - Regulated Electric subindustry, SPIC Yuanda Environmental Protection 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.


SPIC Yuanda Environmental Protection Co's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, SPIC Yuanda Environmental Protection Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where SPIC Yuanda Environmental Protection Co's Receivables Turnover falls into.



SPIC Yuanda Environmental Protection Co Receivables Turnover Calculation

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

SPIC Yuanda Environmental Protection 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 )
=4251.613 / ((1556.177 + 1618.653) / 2 )
=4251.613 / 1587.415
=2.68

SPIC Yuanda Environmental Protection Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=840.741 / ((1618.653 + 1700.095) / 2 )
=840.741 / 1659.374
=0.51

* 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.


SPIC Yuanda Environmental Protection Co  (SHSE:600292) 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.


SPIC Yuanda Environmental Protection Co Receivables Turnover Related Terms

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SPIC Yuanda Environmental Protection Co (SHSE:600292) Business Description

Traded in Other Exchanges
N/A
Address
No. 10, Huanghuan North Road, Building 1, North New District, Chongqing, CHN, 401122
SPIC Yuanda Environmental Protection Co Ltd is engaged in electric power generation and distribution and operates thermal electric power plants. The Company also offers engineering technology services and distributes coal. The business activities are geographically carried out through the region of China.

SPIC Yuanda Environmental Protection Co (SHSE:600292) Headlines

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