Kingdee International Software Group Co (FRA:KDIC) Receivables Turnover : 16.35 (As of Dec. 2023)

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What is Kingdee International Software Group 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. Kingdee International Software Group Co's Revenue for the six months ended in Dec. 2023 was €399.8 Mil. Kingdee International Software Group Co's average Accounts Receivable for the six months ended in Dec. 2023 was €24.5 Mil. Hence, Kingdee International Software Group Co's Receivables Turnover for the six months ended in Dec. 2023 was 16.35.

Kingdee International Software Group Co Receivables Turnover Historical Data

The historical data trend for Kingdee International Software Group 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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Kingdee International Software Group Co Receivables Turnover Chart

Kingdee International Software Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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15.28

17.30

50.27

24.62

16.87

Kingdee International Software Group Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															11.62	8.73	7.46	15.83	16.35

Competitive Comparison of Kingdee International Software Group Co's Receivables Turnover

For the Software - Application subindustry, Kingdee International Software Group 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.

Kingdee International Software Group Co's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Kingdee International Software Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Kingdee International Software Group Co's Receivables Turnover falls into.

Kingdee International Software Group Co Receivables Turnover Calculation

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

Kingdee International Software Group 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 )
=	729.351	/ (	(39.678	+	46.79)	/	2 )
=	729.351	/	43.234
=	16.87

Kingdee International Software Group 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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	399.824	/ (	(2.116	+	46.79)	/	2 )
=	399.824	/	24.453
=	16.35

Kingdee International Software Group Co (FRA:KDIC) 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.

Kingdee International Software Group Co Receivables Turnover Related Terms

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Kingdee International Software Group Co (FRA:KDIC) Business Description

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KGDEY:USA KGDEF:USA 00268:Hong Kong

Address

Kingdee Software Park, No. 2 Kejinan 12 Road, South District, Hi-Tech Industrial Park, Nanshan District, Guangdong Province, Shenzhen, CHN

Website

https://www.kingdee.com

Kingdee International Software Group Co Ltd is an investment holding company engaged in cloud services, including enterprise cloud services, small & micro business finance cloud services, and industry cloud services; and enterprise resource planning business, including development and sales of software products. it has three operating segments; Cloud services business Including enterprise cloud services, small & micro business finance cloud services, and industry cloud services, ERP business and others including sales of software and hardware products, provision of software implementation, software solution consulting, maintenance, upgrade and other supporting services, and others, and Investment Properties operating business include the Operation of investment properties.

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