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CEVIA Enviro (SZSE:000885) Receivables Turnover : 0.50 (As of Jun. 2024)


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What is CEVIA Enviro 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. CEVIA Enviro's Revenue for the three months ended in Jun. 2024 was ¥1,534 Mil. CEVIA Enviro's average Accounts Receivable for the three months ended in Jun. 2024 was ¥3,079 Mil. Hence, CEVIA Enviro's Receivables Turnover for the three months ended in Jun. 2024 was 0.50.


CEVIA Enviro Receivables Turnover Historical Data

The historical data trend for CEVIA Enviro'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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CEVIA Enviro Receivables Turnover Chart

CEVIA Enviro 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 21.44 18.83 10.11 4.96 3.06

CEVIA Enviro Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.79 0.64 0.66 0.49 0.50

Competitive Comparison of CEVIA Enviro's Receivables Turnover

For the Infrastructure Operations subindustry, CEVIA Enviro'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.


CEVIA Enviro's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, CEVIA Enviro's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where CEVIA Enviro's Receivables Turnover falls into.



CEVIA Enviro Receivables Turnover Calculation

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

CEVIA Enviro'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 )
=6521.855 / ((1653.604 + 2614.506) / 2 )
=6521.855 / 2134.055
=3.06

CEVIA Enviro's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=1533.934 / ((2956.819 + 3202.102) / 2 )
=1533.934 / 3079.4605
=0.50

* 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.


CEVIA Enviro  (SZSE:000885) 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.


CEVIA Enviro Receivables Turnover Related Terms

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CEVIA Enviro Business Description

Traded in Other Exchanges
N/A
Address
No. 41, Nongye Road East, 16th Floor, Block A, Investment Building, Zhengzhou, CHN, 450008
CEVIA Enviro Inc is engaged in highway operations and urban infrastructure construction.
Executives
Cui Kai Supervisors
Yang Lai Shang Supervisors
Wang Jian Sheng Executives
Cai Zhi Duan Director
Ma Jian Zhong Executives

CEVIA Enviro Headlines

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