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Beijing Gas Blue Sky Holdings (HKSE:06828) Receivables Turnover : 9.43 (As of Dec. 2023)


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What is Beijing Gas Blue Sky 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. Beijing Gas Blue Sky Holdings's Revenue for the six months ended in Dec. 2023 was HK$959 Mil. Beijing Gas Blue Sky Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$102 Mil. Hence, Beijing Gas Blue Sky Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 9.43.


Beijing Gas Blue Sky Holdings Receivables Turnover Historical Data

The historical data trend for Beijing Gas Blue Sky 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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Beijing Gas Blue Sky Holdings Receivables Turnover Chart

Beijing Gas Blue Sky Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.72 4.80 8.43 11.51 21.66

Beijing Gas Blue Sky 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.14 5.58 4.63 10.44 9.43

Competitive Comparison of Beijing Gas Blue Sky Holdings's Receivables Turnover

For the Utilities - Regulated Gas subindustry, Beijing Gas Blue Sky 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.


Beijing Gas Blue Sky Holdings's Receivables Turnover Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Beijing Gas Blue Sky Holdings's Receivables Turnover falls into.



Beijing Gas Blue Sky Holdings Receivables Turnover Calculation

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

Beijing Gas Blue Sky 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 )
=2150.279 / ((111.821 + 86.745) / 2 )
=2150.279 / 99.283
=21.66

Beijing Gas Blue Sky 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 )
=958.829 / ((116.532 + 86.745) / 2 )
=958.829 / 101.6385
=9.43

* 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.


Beijing Gas Blue Sky Holdings  (HKSE:06828) 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.


Beijing Gas Blue Sky Holdings Receivables Turnover Related Terms

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Beijing Gas Blue Sky Holdings (HKSE:06828) Business Description

Traded in Other Exchanges
Address
200 Connaught Road, Room 3402-4, 34th Floor, West Tower, Shun Tak Centre, Central, Hong Kong, HKG
Beijing Gas Blue Sky Holdings Ltd is an investment holding company engaged in the sales of natural gas and other related products. It operates in the segments of Natural gas refueling stations, Trading, and distribution of natural gas, Direct supply to industrial users, and City GasCity gas operation segment. The group's operations are located in Mainland China.

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