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Beijing Haohua Energy Resource Co (SHSE:601101) Receivables Turnover : 108.85 (As of Mar. 2024)


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What is Beijing Haohua Energy Resource 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. Beijing Haohua Energy Resource Co's Revenue for the three months ended in Mar. 2024 was ¥2,413 Mil. Beijing Haohua Energy Resource Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥22 Mil. Hence, Beijing Haohua Energy Resource Co's Receivables Turnover for the three months ended in Mar. 2024 was 108.85.


Beijing Haohua Energy Resource Co Receivables Turnover Historical Data

The historical data trend for Beijing Haohua Energy Resource 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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Beijing Haohua Energy Resource Co Receivables Turnover Chart

Beijing Haohua Energy Resource Co 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 36.27 23.04 33.20 51.71 167.29

Beijing Haohua Energy Resource 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 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 12.11 11.15 67.79 90.06 108.85

Competitive Comparison of Beijing Haohua Energy Resource Co's Receivables Turnover

For the Thermal Coal subindustry, Beijing Haohua Energy Resource 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.


Beijing Haohua Energy Resource Co's Receivables Turnover Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Beijing Haohua Energy Resource Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Beijing Haohua Energy Resource Co's Receivables Turnover falls into.



Beijing Haohua Energy Resource Co Receivables Turnover Calculation

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

Beijing Haohua Energy Resource 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 )
=8437.025 / ((68.083 + 32.786) / 2 )
=8437.025 / 50.4345
=167.29

Beijing Haohua Energy Resource 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 )
=2412.702 / ((32.786 + 11.546) / 2 )
=2412.702 / 22.166
=108.85

* 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 Haohua Energy Resource Co  (SHSE:601101) 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.


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Beijing Haohua Energy Resource Co (SHSE:601101) Business Description

Traded in Other Exchanges
N/A
Address
Beijing New Bridge Street on the 2nd Mentougou, Beijing, CHN, 102300
Beijing Haohua Energy Resource Co Ltd is engaged in coal mining, washing and processing, export, and sales. The products of the company include anthracite coal, ultra-low sulphur, ultra-low phosphorus, low nitrogen, medium and low ash, high calorific value, and high stability.
Executives
Hao Hong Xia Director

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