China Shipbuilding Industry (SHSE:601989) Receivables Turnover : 1.14 (As of Mar. 2024)

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What is China Shipbuilding Industry 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 Shipbuilding Industry's Revenue for the three months ended in Mar. 2024 was ¥10,167 Mil. China Shipbuilding Industry's average Accounts Receivable for the three months ended in Mar. 2024 was ¥8,935 Mil. Hence, China Shipbuilding Industry's Receivables Turnover for the three months ended in Mar. 2024 was 1.14.

China Shipbuilding Industry Receivables Turnover Historical Data

The historical data trend for China Shipbuilding Industry'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 Shipbuilding Industry Receivables Turnover Chart

China Shipbuilding Industry Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.09

4.34

5.11

5.20

5.35

China Shipbuilding Industry 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															0.76	1.08	1.38	1.77	1.14

Competitive Comparison of China Shipbuilding Industry's Receivables Turnover

For the Aerospace & Defense subindustry, China Shipbuilding Industry'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 Shipbuilding Industry's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, China Shipbuilding Industry's Receivables Turnover distribution charts can be found below:

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

China Shipbuilding Industry Receivables Turnover Calculation

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

China Shipbuilding Industry'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 )
=	46693.825	/ (	(8876.695	+	8564.478)	/	2 )
=	46693.825	/	8720.5865
=	5.35

China Shipbuilding Industry'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 )
=	10167.089	/ (	(8564.478	+	9304.792)	/	2 )
=	10167.089	/	8934.635
=	1.14

China Shipbuilding Industry (SHSE:601989) 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 Shipbuilding Industry Receivables Turnover Related Terms

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China Shipbuilding Industry (SHSE:601989) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » China Shipbuilding Industry Corp (SHSE:601989) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 72, Hunan Road, Kunming, Haidian District, Beijing, CHN, 100097

Website

http://www.csicl.com.cn

China Shipbuilding Industry Corp is engaged in the designing, manufacturing and repairing of ships. The company also manufactures marine defense and marine development equipment, marine transportation equipment, deep-sea equipment and ship repair and modification, ship supporting and electromechanical equipment, military-civilian integration strategy emerging industries. The main developer and supplier of domestic naval equipment is responsible for the manufacturing of naval main battle equipment and core ancillary equipment such as aircraft carriers, surface ships, conventional submarines, and underwater weapons.

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