Towngas Smart Energy Co (HKSE:01083) Receivables Turnover : 7.06 (As of Dec. 2023)

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What is Towngas Smart Energy 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. Towngas Smart Energy Co's Revenue for the six months ended in Dec. 2023 was HK$9,959 Mil. Towngas Smart Energy Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$1,410 Mil. Hence, Towngas Smart Energy Co's Receivables Turnover for the six months ended in Dec. 2023 was 7.06.

Towngas Smart Energy Co Receivables Turnover Historical Data

The historical data trend for Towngas Smart Energy 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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Towngas Smart Energy Co Receivables Turnover Chart

Towngas Smart Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

14.70

12.90

14.62

14.44

13.22

Towngas Smart Energy Co 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															8.17	8.28	7.21	6.83	7.06

Competitive Comparison of Towngas Smart Energy Co's Receivables Turnover

For the Utilities - Regulated Gas subindustry, Towngas Smart Energy 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.

Towngas Smart Energy Co's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Towngas Smart Energy Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Towngas Smart Energy Co's Receivables Turnover falls into.

Towngas Smart Energy Co Receivables Turnover Calculation

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

Towngas Smart Energy 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 )
=	19841.511	/ (	(1538.048	+	1464.668)	/	2 )
=	19841.511	/	1501.358
=	13.22

Towngas Smart Energy 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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	9958.8	/ (	(1356.267	+	1464.668)	/	2 )
=	9958.8	/	1410.4675
=	7.06

Towngas Smart Energy Co (HKSE:01083) 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.

Towngas Smart Energy Co Receivables Turnover Related Terms

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Towngas Smart Energy Co (HKSE:01083) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Towngas Smart Energy Co Ltd (HKSE:01083) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PGJ:Germany

Address

363 Java Road, North Point, 23rd Floor, Hong Kong, HKG

Website

https://www.towngaschina.com

Towngas Smart Energy Co Ltd is an investment holding company engaged in the sales of pipe gas and other types of energy, the construction of gas pipelines, the sale of gas appliances and related products, and other value-added services in the People's Republic of China. It has three operating segments; Sales of piped gas and energy including Sales of piped gas (mainly natural gas) and other types of energy, Gas connection include Construction of gas pipeline networks under gas connection contracts, and Extended business including Sales of gas-related household appliances and related products, and other related value-added services.

Executives

Henderson Development Limited	2201 Interest of corporation controlled by you
Planwise Properties Limited	2101 Beneficial owner
Towngas Investment Company Limited	2201 Interest of corporation controlled by you
Lee Ka Kit	2501 Other
Lee Shau Kee	2201 Interest of corporation controlled by you
Faxson Investment Limited	2201 Interest of corporation controlled by you
Towngas International Company Limited	2201 Interest of corporation controlled by you
Hong Kong & China Gas (china) Limited	2101 Beneficial owner
The Hong Kong And China Gas Company Limited	2201 Interest of corporation controlled by you
Rimmer (cayman) Limited	2301 Trustee
Riddick (cayman) Limited	2301 Trustee
Hopkins (cayman) Limited	2201 Interest of corporation controlled by you
Henderson Land Development Company Limited	2201 Interest of corporation controlled by you
Industrial And Commercial Bank Of China Limited	2201 Interest of corporation controlled by you
Tang Kok Yew	2201 Interest of corporation controlled by you

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