JiaXing Gas Group Co (HKSE:09908) Receivables Turnover : 7.67 (As of Dec. 2023)

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What is JiaXing Gas 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. JiaXing Gas Group Co's Revenue for the six months ended in Dec. 2023 was HK$1,901 Mil. JiaXing Gas Group Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$248 Mil. Hence, JiaXing Gas Group Co's Receivables Turnover for the six months ended in Dec. 2023 was 7.67.

JiaXing Gas Group Co Receivables Turnover Historical Data

The historical data trend for JiaXing Gas 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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JiaXing Gas Group Co Receivables Turnover Chart

JiaXing Gas Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

28.46

18.45

17.49

19.56

13.29

JiaXing Gas Group Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial							8.17	8.66	11.88	5.81	7.67

Competitive Comparison of JiaXing Gas Group Co's Receivables Turnover

For the Utilities - Regulated Gas subindustry, JiaXing Gas 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.

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

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

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

JiaXing Gas Group Co Receivables Turnover Calculation

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

JiaXing Gas 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 )
=	3233.739	/ (	(224.577	+	261.906)	/	2 )
=	3233.739	/	243.2415
=	13.29

JiaXing Gas 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 )
=	1901.401	/ (	(234.093	+	261.906)	/	2 )
=	1901.401	/	247.9995
=	7.67

JiaXing Gas Group Co (HKSE:09908) 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.

JiaXing Gas Group Co Receivables Turnover Related Terms

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JiaXing Gas Group Co (HKSE:09908) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » JiaXing Gas Group Co Ltd (HKSE:09908) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

5th Floor, Building 3, Hualong Plaza,No. 32 Qinyi Road, Economic and Technological Development Zone, Zhejiang Province, Jiaxing, CHN

Website

http://www.jxrqgs.com

JiaXing Gas Group Co Ltd is a piped natural gas (PNG) operator in Jiaxing. The company engages in sales of gas, PNG in Jiaxing, LNG and LPG; construction and installation services to construct and install end-user pipeline network and gas facilities; and provision of natural gas transportation services, sales of vapour and construction materials, and leasing of properties. Its customers include residential and non-residential users, property developers and owners or occupants of residential and non-residential properties.

Executives

Xinneng (hong Kong) Energy Investment Limited	2201 Interest of corporation controlled by you
Enn Natural Gas Co., Ltd.	2201 Interest of corporation controlled by you
Zhao Baoju	2201 Interest of corporation controlled by you
Wang Yusuo	2201 Interest of corporation controlled by you
Langfang City Natural Gas Company Limited	2201 Interest of corporation controlled by you
Enn Yingchuang Technology Co., Ltd.	2201 Interest of corporation controlled by you
Enn Investment Holdings Company Limited	2201 Interest of corporation controlled by you
Enn Group International Investment Limited	2201 Interest of corporation controlled by you
Enn Capital Management Co., Ltd.	2201 Interest of corporation controlled by you
Dan Hongying	2202 Interest of your spouse
Liu Zhenjiang	2201 Interest of corporation controlled by you
Xiang Gang Mei Shi Ju Guo Ji Mao Yi You Xian Gong Si	2101 Beneficial owner
Jia Xing Jin Yuan Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Xiang Gang Hong Sheng Mu Ye Mao Yi You Xian Gong Si	2101 Beneficial owner
Shen Xiaohong	2201 Interest of corporation controlled by you

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