Tian Lun Gas Holdings (HKSE:01600) Receivables Turnover : 3.01 (As of Dec. 2023)

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What is Tian Lun Gas Holdings 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. Tian Lun Gas Holdings's Revenue for the six months ended in Dec. 2023 was HK$4,111 Mil. Tian Lun Gas Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$1,365 Mil. Hence, Tian Lun Gas Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 3.01.

Tian Lun Gas Holdings Receivables Turnover Historical Data

The historical data trend for Tian Lun Gas Holdings'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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Tian Lun Gas Holdings Receivables Turnover Chart

Tian Lun Gas Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

17.40

23.92

24.81

17.48

17.95

Tian Lun Gas Holdings 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															12.62	8.93	7.93	3.06	3.01

Competitive Comparison of Tian Lun Gas Holdings's Receivables Turnover

For the Utilities - Regulated Gas subindustry, Tian Lun Gas Holdings'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.

Tian Lun Gas Holdings's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Tian Lun Gas Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tian Lun Gas Holdings's Receivables Turnover falls into.

Tian Lun Gas Holdings Receivables Turnover Calculation

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

Tian Lun Gas Holdings'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 )
=	8449.932	/ (	(525.19	+	416.557)	/	2 )
=	8449.932	/	470.8735
=	17.95

Tian Lun Gas Holdings'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 )
=	4111.293	/ (	(2312.664	+	416.557)	/	2 )
=	4111.293	/	1364.6105
=	3.01

Tian Lun Gas Holdings (HKSE:01600) 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.

Tian Lun Gas Holdings Receivables Turnover Related Terms

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Tian Lun Gas Holdings (HKSE:01600) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Tian Lun Gas Holdings Ltd (HKSE:01600) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

TLJ:Germany

Address

No. 6 Huang He East Road, 4th Floor, Tian Lun Group Building, Zheng Dong Xin District, Henan Province, Zhengzhou City, CHN, 450003

Website

https://www.tianlungas.com

Tian Lun Gas Holdings Ltd is a Chinese investment holding company whose subsidiaries are engaged in the investment, operation and management of gas pipeline connections, transportation, distribution and sales of gas, construction and operation of gas filling stations, and production and sales of LNG in the People's Republic of China. The segments of the company are sale of natural gas in cylinders, sale of natural gas in bulk and engineering construction services. The company derives majority of its revenue from the sale of natural gas.

Executives

Zhang Yingcen	2201 Interest of corporation controlled by you
Zhang Daoyuan	2103 Interests held jointly with another person
Or Wai Sheun	2201 Interest of corporation controlled by you
Hantec Securities Company Limited	2302 Custodian
Gold Shine Development Limited
Tian Lun Group Limited
Zhuhai Port Co., Ltd.
Zhuhai Port (hong Kong) Development Co., Limited
Chequers Development Limited
Sun Yanxi
International Finance Corporation	2101 Beneficial owner
Ifc Asset Management Company, Llc	2102 Investment manager
Koo Yuen Kim	2101 Beneficial owner

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