Huzhou Gas Co (HKSE:06661) Receivables Turnover : 34.05 (As of Dec. 2023)

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What is Huzhou Gas 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. Huzhou Gas Co's Revenue for the six months ended in Dec. 2023 was HK$1,397 Mil. Huzhou Gas Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$41 Mil. Hence, Huzhou Gas Co's Receivables Turnover for the six months ended in Dec. 2023 was 34.05.

Huzhou Gas Co Receivables Turnover Historical Data

The historical data trend for Huzhou Gas 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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Huzhou Gas Co Receivables Turnover Chart

Huzhou Gas Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

155.62

121.87

115.64

107.31

70.57

Huzhou Gas Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			54.48	46.56	41.48	37.71	34.05

Competitive Comparison of Huzhou Gas Co's Receivables Turnover

For the Utilities - Regulated Gas subindustry, Huzhou Gas 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.

Huzhou Gas Co's Receivables Turnover Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Huzhou Gas Co's Receivables Turnover falls into.

Huzhou Gas Co Receivables Turnover Calculation

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

Huzhou Gas 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 )
=	2663.972	/ (	(30.329	+	45.169)	/	2 )
=	2663.972	/	37.749
=	70.57

Huzhou Gas 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 )
=	1396.762	/ (	(36.872	+	45.169)	/	2 )
=	1396.762	/	41.0205
=	34.05

Huzhou Gas Co (HKSE:06661) 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.

Huzhou Gas Co Receivables Turnover Related Terms

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Huzhou Gas Co (HKSE:06661) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Huzhou Gas Co Ltd (HKSE:06661) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

227 Sizhong Road, Zhejiang Province, Huzhou, CHN

Website

https://www.hzrqgf.com

Huzhou Gas Co Ltd is the largest piped natural gas distributor. The principal business of the company comprises of sale of gas, mainly PNG under the Concessions; provision of construction and installation services to construct and install end-user pipeline network and gas facilities for customers such as property developers and owners or occupants of residential and non-residential properties; and others, including sale of household gas appliances.

Executives

Bank Of Communications Co., Ltd.	2201 Interest of corporation controlled by you
Bocom International Holdings Company Limited	2201 Interest of corporation controlled by you
New Partner Intl Ltd	2101 Beneficial owner
Yu Linqiang	2101 Beneficial owner
Guo Tou Tai Kang Xin Tuo You Xian Gong Si	2301 Trustee
Dong Fang Ji Jin Guan Li Gu Fen You Xian Gong Si
Wu Shu Ying	2202 Interest of your spouse
Meng Er Hu	2201 Interest of corporation controlled by you
Yu Rong Fang	2202 Interest of your spouse
Bank Of Communications (nominee) Company Limited	2201 Interest of corporation controlled by you
Bocom International Securities Company Limited	2106 Person having a security interest in shares
Xin Ao Neng Yuan Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Xin Ao Zhong Guo Ran Qi Tou Zi You Xian Gong Si	2101 Beneficial owner

Huzhou Gas Co (HKSE:06661) Headlines

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