Guangdong Investment (Guangdong Investment) Receivables Turnover : 1.91 (As of Dec. 2023)

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What is Guangdong Investment 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. Guangdong Investment's Revenue for the six months ended in Dec. 2023 was $1,643 Mil. Guangdong Investment's average Accounts Receivable for the six months ended in Dec. 2023 was $858 Mil. Hence, Guangdong Investment's Receivables Turnover for the six months ended in Dec. 2023 was 1.91.

Guangdong Investment Receivables Turnover Historical Data

The historical data trend for Guangdong Investment'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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Guangdong Investment Receivables Turnover Chart

Guangdong Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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12.23

6.82

6.11

4.74

4.05

Guangdong Investment 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															3.44	3.30	2.84	1.88	1.91

Competitive Comparison of Guangdong Investment's Receivables Turnover

For the Utilities - Regulated Water subindustry, Guangdong Investment'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.

Guangdong Investment's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Guangdong Investment's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Guangdong Investment's Receivables Turnover falls into.

Guangdong Investment Receivables Turnover Calculation

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

Guangdong Investment'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 )
=	3098.657	/ (	(677.894	+	852.537)	/	2 )
=	3098.657	/	765.2155
=	4.05

Guangdong Investment'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1642.877	/ (	(864.403	+	852.537)	/	2 )
=	1642.877	/	858.47
=	1.91

Guangdong Investment (OTCPK:GGDVY) 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.

Guangdong Investment Receivables Turnover Related Terms

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Guangdong Investment (Guangdong Investment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Guangdong Investment Ltd (OTCPK:GGDVY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

GGDVF:USA 00270:Hong Kong GUG:Germany

Address

148 Connaught Road Central, 28th and 29th Floors, Guangdong Investment Tower, Hong Kong, HKG

Website

https://www.gdi.com.hk

Guangdong Investment Ltd is engaged in investment holding, water resources, property investment and development, department store operation, hotel ownership, operation and management, investment in energy projects, road, and bridge operation. Its segments include water resources, property investment and development, department store operation, electric power generation, hotel operation and management, road and bridge segment, and others segment. The company derives most of the revenue from the water resources segment that engages in water distribution, sewage treatment, and construction of water supply and sewage treatment infrastructure for customers in Mainland China and Hong Kong.

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