GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Pingdingshan Tianan Coal Mining Co Ltd (SHSE:601666) » Definitions » Receivables Turnover

Pingdingshan Tianan Coal Mining Co (SHSE:601666) Receivables Turnover : 2.31 (As of Mar. 2024)


View and export this data going back to 2006. Start your Free Trial

What is Pingdingshan Tianan Coal Mining 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. Pingdingshan Tianan Coal Mining Co's Revenue for the three months ended in Mar. 2024 was ¥8,244 Mil. Pingdingshan Tianan Coal Mining Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥3,565 Mil. Hence, Pingdingshan Tianan Coal Mining Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.31.


Pingdingshan Tianan Coal Mining Co Receivables Turnover Historical Data

The historical data trend for Pingdingshan Tianan Coal Mining 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.

* Premium members only.

Pingdingshan Tianan Coal Mining Co Receivables Turnover Chart

Pingdingshan Tianan Coal Mining 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 20.20 16.54 19.69 15.81 10.94

Pingdingshan Tianan Coal Mining 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 2.81 2.10 2.03 2.45 2.31

Competitive Comparison of Pingdingshan Tianan Coal Mining Co's Receivables Turnover

For the Thermal Coal subindustry, Pingdingshan Tianan Coal Mining 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.


Pingdingshan Tianan Coal Mining Co's Receivables Turnover Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Pingdingshan Tianan Coal Mining Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Pingdingshan Tianan Coal Mining Co's Receivables Turnover falls into.



Pingdingshan Tianan Coal Mining Co Receivables Turnover Calculation

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

Pingdingshan Tianan Coal Mining 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 )
=31561.282 / ((2530.392 + 3240.858) / 2 )
=31561.282 / 2885.625
=10.94

Pingdingshan Tianan Coal Mining 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 )
=8244.05 / ((3240.858 + 3890.022) / 2 )
=8244.05 / 3565.44
=2.31

* 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.


Pingdingshan Tianan Coal Mining Co  (SHSE:601666) 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.


Pingdingshan Tianan Coal Mining Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Pingdingshan Tianan Coal Mining Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Pingdingshan Tianan Coal Mining Co (SHSE:601666) Business Description

Traded in Other Exchanges
N/A
Address
No. 21 Kuanggong Middle Road, Pingtingshan, Henan, CHN, 467000
Pingdingshan Tianan Coal Mining Co Ltd is engaged in the business of coal mining, coal washing, and processing and coal sales. The product portfolio includes power coal and smelting clean coal.
Executives
Xu Jin Feng senior management
Wang Xin Yi Directors, senior managers
Wang Qi Shan Director

Pingdingshan Tianan Coal Mining Co (SHSE:601666) Headlines

No Headlines