Dr Peng Telecom and Media Group Co (SHSE:600804) Receivables Turnover : 0.91 (As of Mar. 2024)

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What is Dr Peng Telecom and Media 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. Dr Peng Telecom and Media Group Co's Revenue for the three months ended in Mar. 2024 was ¥500 Mil. Dr Peng Telecom and Media Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥552 Mil. Hence, Dr Peng Telecom and Media Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.91.

Dr Peng Telecom and Media Group Co Receivables Turnover Historical Data

The historical data trend for Dr Peng Telecom and Media 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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Dr Peng Telecom and Media Group Co Receivables Turnover Chart

Dr Peng Telecom and Media Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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15.86

12.10

10.64

10.38

5.45

Dr Peng Telecom and Media Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.21	1.81	1.39	0.10	0.91

Competitive Comparison of Dr Peng Telecom and Media Group Co's Receivables Turnover

For the Telecom Services subindustry, Dr Peng Telecom and Media 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.

Dr Peng Telecom and Media Group Co's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Dr Peng Telecom and Media Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Dr Peng Telecom and Media Group Co's Receivables Turnover falls into.

Dr Peng Telecom and Media Group Co Receivables Turnover Calculation

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

Dr Peng Telecom and Media 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 )
=	2606.047	/ (	(402.213	+	553.952)	/	2 )
=	2606.047	/	478.0825
=	5.45

Dr Peng Telecom and Media Group Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	500.368	/ (	(553.952	+	550.598)	/	2 )
=	500.368	/	552.275
=	0.91

Dr Peng Telecom and Media Group Co (SHSE:600804) 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.

Dr Peng Telecom and Media Group Co Receivables Turnover Related Terms

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Dr Peng Telecom and Media Group Co (SHSE:600804) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Dr Peng Telecom and Media Group Co Ltd (SHSE:600804) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

191 Floor, No.26 Chaoyang Wai Avenue, Chaoyang District, Beijing, CHN

Website

http://www.drpeng.com.cn

Dr Peng Telecom and Media Group Co Ltd is a telecommunications operator based in China. It is a non-state owned company that offers broadband internet access and application services as its core business. The company is also engaged in promoting "cloud, pipe, terminal" integrated strategy, in redefining broadband Internet operations in China.

Executives

Yang Xue Ping	Director
Jiang Wei	senior management
Cui Hang	Director
Lv Wei Tuan	senior management
Chen Xi	senior management
Wang Peng	senior management
Gao Jiang	senior management
Yin Li Xin	senior management
Li Jin Kun	Director
Zhang Guang Jian	Director
Wu Shao Yan	Director
Ren Chun Xiao	Director
Sun Li Si	Supervisors
Zhou Liu Qing	senior management
Fang Jin Hua	senior management

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