China High-Speed Railway Technology Co (SZSE:000008) Receivables Turnover : 0.08 (As of Mar. 2024)

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What is China High-Speed Railway 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. China High-Speed Railway Technology Co's Revenue for the three months ended in Mar. 2024 was ¥180 Mil. China High-Speed Railway Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥2,319 Mil. Hence, China High-Speed Railway Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.08.

China High-Speed Railway Technology Co Receivables Turnover Historical Data

The historical data trend for China High-Speed Railway 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.

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China High-Speed Railway Technology Co Receivables Turnover Chart

China High-Speed Railway Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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0.96

0.58

0.77

0.69

1.06

China High-Speed Railway Technology 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															0.19	0.18	0.22	0.52	0.08

Competitive Comparison of China High-Speed Railway Technology Co's Receivables Turnover

For the Infrastructure Operations subindustry, China High-Speed Railway 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.

China High-Speed Railway Technology Co's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, China High-Speed Railway Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China High-Speed Railway Technology Co's Receivables Turnover falls into.

China High-Speed Railway Technology Co Receivables Turnover Calculation

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

China High-Speed Railway 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 )
=	2511.648	/ (	(2328.817	+	2427.661)	/	2 )
=	2511.648	/	2378.239
=	1.06

China High-Speed Railway 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 )
=	180.32	/ (	(2427.661	+	2209.858)	/	2 )
=	180.32	/	2318.7595
=	0.08

China High-Speed Railway Technology Co (SZSE:000008) 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 High-Speed Railway Technology Co Receivables Turnover Related Terms

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China High-Speed Railway Technology Co (SZSE:000008) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China High-Speed Railway Technology Co Ltd (SZSE:000008) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Gaoliangqiao Street, 16 / F, Building 1, No. 59, Haidian District, Beijing, CHN, 100044

Website

http://www.shenzhou-gaotie.com

China High-Speed Railway Technology Co Ltd is a China-based company engages in the operation and maintenance of rail transit. Its products include high power locomotive, long rail welding, and maintenance series, power supply system operation, railway intelligent equipment and station scheduling series. It provides overall solutions, core equipment, and integrated services for rail transit operations and maintenance.

Executives

Wang Zhi Quan	Directors, executives
Gao Hui	Supervisors
Wang Li Qun	Executives
Chen Wen He	Securities Affairs Representative
Lai Wei Qiang	Director
Xu Jin	Independent director
Chen Han Lun	Supervisors
Yang Jian	Supervisors

China High-Speed Railway Technology Co (SZSE:000008) Headlines

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