GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » CNSIG Inner Mongolia Chemical Industry Co Ltd (SHSE:600328) » Definitions » Receivables Turnover

CNSIG Inner Mongolia Chemical Industry Co (SHSE:600328) Receivables Turnover : 13.72 (As of Mar. 2024)


View and export this data going back to 2000. Start your Free Trial

What is CNSIG Inner Mongolia Chemical Industry 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. CNSIG Inner Mongolia Chemical Industry Co's Revenue for the three months ended in Mar. 2024 was ¥2,653 Mil. CNSIG Inner Mongolia Chemical Industry Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥193 Mil. Hence, CNSIG Inner Mongolia Chemical Industry Co's Receivables Turnover for the three months ended in Mar. 2024 was 13.72.


CNSIG Inner Mongolia Chemical Industry Co Receivables Turnover Historical Data

The historical data trend for CNSIG Inner Mongolia Chemical Industry 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.

CNSIG Inner Mongolia Chemical Industry Co Receivables Turnover Chart

CNSIG Inner Mongolia Chemical Industry 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 37.28 60.27 80.92 119.61 145.29

CNSIG Inner Mongolia Chemical Industry 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 16.30 9.94 11.66 19.45 13.72

Competitive Comparison of CNSIG Inner Mongolia Chemical Industry Co's Receivables Turnover

For the Chemicals subindustry, CNSIG Inner Mongolia Chemical Industry 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.


CNSIG Inner Mongolia Chemical Industry Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, CNSIG Inner Mongolia Chemical Industry Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where CNSIG Inner Mongolia Chemical Industry Co's Receivables Turnover falls into.



CNSIG Inner Mongolia Chemical Industry Co Receivables Turnover Calculation

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

CNSIG Inner Mongolia Chemical Industry 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 )
=16100.784 / ((118.813 + 102.821) / 2 )
=16100.784 / 110.817
=145.29

CNSIG Inner Mongolia Chemical Industry 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 )
=2653.395 / ((102.821 + 284.032) / 2 )
=2653.395 / 193.4265
=13.72

* 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.


CNSIG Inner Mongolia Chemical Industry Co  (SHSE:600328) 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.


CNSIG Inner Mongolia Chemical Industry Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of CNSIG Inner Mongolia Chemical Industry Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


CNSIG Inner Mongolia Chemical Industry Co (SHSE:600328) Business Description

Traded in Other Exchanges
N/A
Address
Alxa Left Banner, Alashan Economic Development Zone, Wustai Town, Inner Mongolia Autonomous Region, Alxa, CHN, 750333
CNSIG Inner Mongolia Chemical Industry Co Ltd is engaged in production of salt chemicals such as sodium metal, soda ash, PVC, caustic soda, paste resin. The company produces and sells iodized edible salt, chemical raw material salt, bath salt, fruit and vegetable washing salt, agricultural and animal husbandry and fishery salt products; natural carotene series products, salt algae powder, spirulina products, salt field biological products.

CNSIG Inner Mongolia Chemical Industry Co (SHSE:600328) Headlines

No Headlines