Zhongyu Energy Holdings (HKSE:03633) Receivables Turnover : 3.19 (As of Dec. 2023)

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What is Zhongyu Energy 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. Zhongyu Energy Holdings's Revenue for the six months ended in Dec. 2023 was HK$6,622 Mil. Zhongyu Energy Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$2,077 Mil. Hence, Zhongyu Energy Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 3.19.

Zhongyu Energy Holdings Receivables Turnover Historical Data

The historical data trend for Zhongyu Energy 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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Zhongyu Energy Holdings Receivables Turnover Chart

Zhongyu Energy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.54

5.51

5.94

6.61

6.79

Zhongyu Energy 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															2.65	3.13	3.14	3.60	3.19

Competitive Comparison of Zhongyu Energy Holdings's Receivables Turnover

For the Utilities - Regulated Gas subindustry, Zhongyu Energy 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.

Zhongyu Energy Holdings's Receivables Turnover Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Zhongyu Energy Holdings's Receivables Turnover falls into.

Zhongyu Energy Holdings Receivables Turnover Calculation

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

Zhongyu Energy 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 )
=	13643.682	/ (	(1884.906	+	2134.904)	/	2 )
=	13643.682	/	2009.905
=	6.79

Zhongyu Energy 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 )
=	6622.319	/ (	(2019.916	+	2134.904)	/	2 )
=	6622.319	/	2077.41
=	3.19

Zhongyu Energy Holdings (HKSE:03633) 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.

Zhongyu Energy Holdings Receivables Turnover Related Terms

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Zhongyu Energy Holdings (HKSE:03633) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Zhongyu Energy Holdings Ltd (HKSE:03633) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

27th Floor, Building B, Meilin Center Square, South Plaza, Futian District, Guangdong Province, Shenzhen, CHN

Website

https://www.zhongyuenergy.com

Zhongyu Energy Holdings Ltd is mainly engaged in the sales of piped gas. Its business segments include sales of gas; gas pipeline construction; value-added services (including sales of stoves and provision of other related services); operation of CNG/LNG vehicle filling stations; and smart energy. The majority of revenue is derived from the sale of gas segment.

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