GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Jiangsu United Water Technology Co Ltd (SHSE:603291) » Definitions » Receivables Turnover

Jiangsu United Water Technology Co (SHSE:603291) Receivables Turnover : 0.73 (As of Mar. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Jiangsu United Water Technology 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. Jiangsu United Water Technology Co's Revenue for the three months ended in Mar. 2024 was ¥235 Mil. Jiangsu United Water Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥324 Mil. Hence, Jiangsu United Water Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.73.


Jiangsu United Water Technology Co Receivables Turnover Historical Data

The historical data trend for Jiangsu United Water Technology 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.

Jiangsu United Water Technology Co Receivables Turnover Chart

Jiangsu United Water Technology Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 4.23 4.13 4.48 4.16 3.59

Jiangsu United Water Technology Co Quarterly Data
Dec18 Dec19 Dec20 Jun21 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 0.80 1.04 0.89 0.91 0.73

Competitive Comparison of Jiangsu United Water Technology Co's Receivables Turnover

For the Utilities - Regulated Water subindustry, Jiangsu United Water Technology 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.


Jiangsu United Water Technology Co's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Jiangsu United Water Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jiangsu United Water Technology Co's Receivables Turnover falls into.



Jiangsu United Water Technology Co Receivables Turnover Calculation

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

Jiangsu United Water Technology 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 )
=1127.809 / ((314.115 + 314.889) / 2 )
=1127.809 / 314.502
=3.59

Jiangsu United Water Technology 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 )
=235.368 / ((314.889 + 332.276) / 2 )
=235.368 / 323.5825
=0.73

* 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.


Jiangsu United Water Technology Co  (SHSE:603291) 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.


Jiangsu United Water Technology Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Jiangsu United Water Technology Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Jiangsu United Water Technology Co (SHSE:603291) Business Description

Traded in Other Exchanges
N/A
Address
No. 128, Xingfu North Road, Jiangsu Province, Suqian, CHN, 223800
Jiangsu United Water Technology Co Ltd owns and operates water supply and waste water treatment facilities and also provides engineering services related to water supply infrastructure and industrial waste water pretreatment facilities.

Jiangsu United Water Technology Co (SHSE:603291) Headlines

No Headlines