Shenzhen Investment Holdings Bay Area Development Co (Shenzhen Investment Holdings Bay Area Development Co) Receivables Turnover : 2.61 (As of Dec. 2023)

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What is Shenzhen Investment Holdings Bay Area Development 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. Shenzhen Investment Holdings Bay Area Development Co's Revenue for the three months ended in Dec. 2023 was $45.9 Mil. Shenzhen Investment Holdings Bay Area Development Co's average Accounts Receivable for the three months ended in Dec. 2023 was $17.6 Mil. Hence, Shenzhen Investment Holdings Bay Area Development Co's Receivables Turnover for the three months ended in Dec. 2023 was 2.61.

Shenzhen Investment Holdings Bay Area Development Co Receivables Turnover Historical Data

The historical data trend for Shenzhen Investment Holdings Bay Area Development 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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Shenzhen Investment Holdings Bay Area Development Co Receivables Turnover Chart

Shenzhen Investment Holdings Bay Area Development Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.85

6.78

Shenzhen Investment Holdings Bay Area Development Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.30	-	1.94	2.61	2.45

Competitive Comparison of Shenzhen Investment Holdings Bay Area Development Co's Receivables Turnover

For the Infrastructure Operations subindustry, Shenzhen Investment Holdings Bay Area Development 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.

Shenzhen Investment Holdings Bay Area Development Co's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shenzhen Investment Holdings Bay Area Development Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shenzhen Investment Holdings Bay Area Development Co's Receivables Turnover falls into.

Shenzhen Investment Holdings Bay Area Development Co Receivables Turnover Calculation

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

Shenzhen Investment Holdings Bay Area Development 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 )
=	132.318	/ (	(19.152	+	19.878)	/	2 )
=	132.318	/	19.515
=	6.78

Shenzhen Investment Holdings Bay Area Development Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	45.867	/ (	(15.234	+	19.878)	/	2 )
=	45.867	/	17.556
=	2.61

Shenzhen Investment Holdings Bay Area Development Co (OTCPK:SIHBY) 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.

Shenzhen Investment Holdings Bay Area Development Co Receivables Turnover Related Terms

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Shenzhen Investment Holdings Bay Area Development Co (Shenzhen Investment Holdings Bay Area Development Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shenzhen Investment Holdings Bay Area Development Co Ltd (OTCPK:SIHBY) » Definitions » Receivables Turnover

Traded in Other Exchanges

SHIHF:USA 80737:Hong Kong 00737:Hong Kong HHI0:Germany

Address

30 Harbour Road, Rooms 4902-4916, 49th Floor, Sun Hung Kai Centre, Wanchai, Hong Kong, HKG

Website

https://www.sihbay.com

Shenzhen Investment Holdings Bay Area Development Co Ltd is an investment holding company that is engaged in the initiation, promotion, development, and operation of toll expressways and bridges in China. The company manages its business in four segments namely Guangzhou-Shenzhen Superhighway, Guangzhou-Zhuhai West Superhighway, Coastal Expressway, and Xintang Interchange. It generates most of the revenue from the Guangzhou-Shenzhen Superhighway segment.

Shenzhen Investment Holdings Bay Area Development Co (Shenzhen Investment Holdings Bay Area Development Co) Headlines

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