Canvest Environmental Protection Group Co (HKSE:01381) Receivables Turnover : 1.15 (As of Dec. 2023)

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What is Canvest Environmental Protection Group 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. Canvest Environmental Protection Group Co's Revenue for the six months ended in Dec. 2023 was HK$1,999 Mil. Canvest Environmental Protection Group Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$1,741 Mil. Hence, Canvest Environmental Protection Group Co's Receivables Turnover for the six months ended in Dec. 2023 was 1.15.

Canvest Environmental Protection Group Co Receivables Turnover Historical Data

The historical data trend for Canvest Environmental Protection Group 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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Canvest Environmental Protection Group Co Receivables Turnover Chart

Canvest Environmental Protection Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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12.80

11.16

8.51

6.94

3.17

Canvest Environmental Protection Group 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															4.12	3.28	3.00	2.01	1.15

Competitive Comparison of Canvest Environmental Protection Group Co's Receivables Turnover

For the Waste Management subindustry, Canvest Environmental Protection Group 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.

Canvest Environmental Protection Group Co's Receivables Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Canvest Environmental Protection Group Co's Receivables Turnover distribution charts can be found below:

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

Canvest Environmental Protection Group Co Receivables Turnover Calculation

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

Canvest Environmental Protection Group 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 )
=	4980.16	/ (	(1316.32	+	1828.593)	/	2 )
=	4980.16	/	1572.4565
=	3.17

Canvest Environmental Protection Group 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 )
=	1999.139	/ (	(1653.985	+	1828.593)	/	2 )
=	1999.139	/	1741.289
=	1.15

Canvest Environmental Protection Group Co (HKSE:01381) 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.

Canvest Environmental Protection Group Co Receivables Turnover Related Terms

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Canvest Environmental Protection Group Co (HKSE:01381) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Canvest Environmental Protection Group Co Ltd (HKSE:01381) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

0XC:Germany

Address

2 San Yuan Road, Level 24, Canvest Tower, Nan Cheng District, Guangdong, Dongguan, CHN

Website

http://www.canvestenvironment.com

Canvest Environmental Protection Group Co Ltd develops and operates waste-to-energy plants. Incineration systems and technologies help treat waste and process components into energy. The company sells energy to clients, and continues to monitor applications and work toward reducing emissions of carbon dioxide. Revenues can be broken down into four business areas: Power sales, Waste treatment fees, Construction, and Finance income. It treats various types of waste, including sludge, ash from incineration systems, industrial sold waste, and wastewater. The majority of the company's revenue and assets are generated and located in China.

Executives

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Hsbc International Trustee Limited	2106 Person having a security interest in shares
Shanghai Industrial Holdings Limited	2101 Beneficial owner
Shanghai Industrial Investment (holdings) Company Limited	2201 Interest of corporation controlled by you
Lai Kin Man	2106 Person having a security interest in shares
Lai Chun Tung	2106 Person having a security interest in shares
Lee Wing Yee Loretta	2106 Person having a security interest in shares

Canvest Environmental Protection Group Co (HKSE:01381) Headlines

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