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Gloria Technology LLC (BJSE:831641) Receivables Turnover : 0.70 (As of Mar. 2024)


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What is Gloria Technology LLC 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. Gloria Technology LLC's Revenue for the three months ended in Mar. 2024 was ¥117.2 Mil. Gloria Technology LLC's average Accounts Receivable for the three months ended in Mar. 2024 was ¥166.9 Mil. Hence, Gloria Technology LLC's Receivables Turnover for the three months ended in Mar. 2024 was 0.70.


Gloria Technology LLC Receivables Turnover Historical Data

The historical data trend for Gloria Technology LLC'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.

Gloria Technology LLC Receivables Turnover Chart

Gloria Technology LLC 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 4.17 4.16 4.21 4.10 3.13

Gloria Technology LLC Quarterly Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Mar21 Jun21 Sep21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.80 0.80 0.78 0.79 0.70

Competitive Comparison of Gloria Technology LLC's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Gloria Technology LLC'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.


Gloria Technology LLC's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gloria Technology LLC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Gloria Technology LLC's Receivables Turnover falls into.



Gloria Technology LLC Receivables Turnover Calculation

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

Gloria Technology LLC'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 )
=547.25 / ((198.003 + 151.342) / 2 )
=547.25 / 174.6725
=3.13

Gloria Technology LLC'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 )
=117.246 / ((151.342 + 182.418) / 2 )
=117.246 / 166.88
=0.70

* 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.


Gloria Technology LLC  (BJSE:831641) 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.


Gloria Technology LLC Receivables Turnover Related Terms

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Gloria Technology LLC (BJSE:831641) Business Description

Traded in Other Exchanges
N/A
Address
No. 30 Kunlun Road, High-tech Industrial Development Zone, Greer Digital Technology Industrial Park, Jiangsu Province, Xuzhou City, CHN, 221116
Gloria Technology LLC engages in research and development, production, and sales of lighting products and magnetic devices. Its products comprise intelligent control systems, sensors, various electronic transformers, switching power supplies, a full range of electronic ballasts, inverters, indoor and outdoor lighting fixtures, explosion-proof lamps, photovoltaic power generation equipment, communication system equipment.

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