China CNR (SHSE:601299) Receivables Turnover : 0.67 (As of Mar. 2015)

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What is China CNR 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. China CNR's Revenue for the three months ended in Mar. 2015 was ¥17,431 Mil. China CNR's average Accounts Receivable for the three months ended in Mar. 2015 was ¥25,851 Mil. Hence, China CNR's Receivables Turnover for the three months ended in Mar. 2015 was 0.67.

China CNR Receivables Turnover Historical Data

The historical data trend for China CNR'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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China CNR Receivables Turnover Chart

China CNR Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Receivables Turnover

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5.69

6.68

4.89

3.73

3.72

China CNR Quarterly Data
	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15
Receivables Turnover	Get a 7-Day Free Trial															0.47	0.69	0.66	1.25	0.67

Competitive Comparison of China CNR's Receivables Turnover

For the Railroads subindustry, China CNR'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.

China CNR's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, China CNR's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China CNR's Receivables Turnover falls into.

China CNR Receivables Turnover Calculation

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

China CNR's Receivables Turnover for the fiscal year that ended in Dec. 2014 is calculated as

	Receivables Turnover (A: Dec. 2014 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2014 )	/ (	(Accounts Receivable (A: Dec. 2013 )	+	Accounts Receivable (A: Dec. 2014 ))	/	count )
=	104290.492	/ (	(30384.966	+	25689.985)	/	2 )
=	104290.492	/	28037.4755
=	3.72

China CNR's Receivables Turnover for the quarter that ended in Mar. 2015 is calculated as

	Receivables Turnover (Q: Mar. 2015 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2015 )	/ (	(Accounts Receivable (Q: Dec. 2014 )	+	Accounts Receivable (Q: Mar. 2015 ))	/	count )
=	17430.703	/ (	(25689.985	+	26012.94)	/	2 )
=	17430.703	/	25851.4625
=	0.67

China CNR (SHSE:601299) 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.

China CNR Receivables Turnover Related Terms

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China CNR (SHSE:601299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China CNR Corp Ltd (SHSE:601299) » Definitions » Receivables Turnover

Comparable Companies

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Address

Website

http://www.chinacnr.com

China CNR Corp Ltd was founded in 1881.Â The Company is engaged in research and development, manufacturing, refurbishment, technology services and leasing of various products such as rolling stock, mechanical and electric equipment, environmental protection equipment and ancillary components. Its products include electric and diesel locomotives; high-speed trains; multiple units; metro cars; mass transit vehicles, such as trams and light rail vehicles; coaches; open-top, covered, hopper, flat, side dump, tank, and special wagons; and track machinery. The Company also offers rail components, such as motors and generators for locomotives, urban rail vehicles, oil drilling machines, mining machinery, metallurgical machinery, and wind-driven generators; and electric control equipment, locomotive components, vehicle components, castings, and forgings, among others.

Executives

Sun Yong Cai	senior management
Zhao Guang Xing	senior management
Liu Ke Xian	Supervisors
Xi Guo Hua	Director
Cui Dian Guo	Director
Gao Zhi	senior management
Xie Ji Long	senior management
Lin Wan Li	Director
Wang Yong Zhi	senior management

China CNR (SHSE:601299) Headlines

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