Xiaomi (HKSE:01810) Receivables Turnover : 6.19 (As of Dec. 2023)

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What is Xiaomi 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. Xiaomi's Revenue for the three months ended in Dec. 2023 was HK$80,112 Mil. Xiaomi's average Accounts Receivable for the three months ended in Dec. 2023 was HK$12,944 Mil. Hence, Xiaomi's Receivables Turnover for the three months ended in Dec. 2023 was 6.19.

Xiaomi Receivables Turnover Historical Data

The historical data trend for Xiaomi'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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Xiaomi Receivables Turnover Chart

Xiaomi Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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32.51

29.47

23.60

19.28

27.39

Xiaomi Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															5.53	5.86	5.58	5.36	6.19

Competitive Comparison of Xiaomi's Receivables Turnover

For the Consumer Electronics subindustry, Xiaomi'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.

Xiaomi's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Xiaomi's Receivables Turnover distribution charts can be found below:

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

Xiaomi Receivables Turnover Calculation

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

Xiaomi'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 )
=	296381.419	/ (	(10423.75	+	11215.523)	/	2 )
=	296381.419	/	10819.6365
=	27.39

Xiaomi'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 )
=	80112.398	/ (	(14671.932	+	11215.523)	/	2 )
=	80112.398	/	12943.7275
=	6.19

Xiaomi (HKSE:01810) 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.

Xiaomi Receivables Turnover Related Terms

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Xiaomi (HKSE:01810) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Xiaomi Corp (HKSE:01810) » Definitions » Receivables Turnover

Traded in Other Exchanges

XIACY:USA XIACF:USA 1810:Mexico 3CPA:Germany 3CP:Germany 3CPA:Germany 3CP:Germany 3CP:Germany

Address

Anningzhuang Road, Xiaomi Campus, Haidian District, Beijing, CHN

Website

https://www.mi.com

Xiaomi is a technology product and services company founded in early 2010, focusing mainly on smartphones and Internet of Things products and related internet services. An early adopter of online smartphone sales, Xiaomi uses Android as its operating system but has its own customized user interface called MIUI. As competition in its home Chinese smartphone market intensified and growth has slowed, it has expanded into other markets and has become the smartphone market leader in India and is gaining market share in Europe. From 2020 to 2022, from a country perspective, around 50% of its overall revenue was generated in mainland China, down from 94% in 2015. The company listed on the Hong Kong market at the beginning of July 2018.

Executives

Lei Jun	2307 Founder of a discretionary trust who can infl
Lin Bin	2301 Trustee
Ark Trust (hong Kong) Limited	2301 Trustee
Apex Star Llc	2101 Beneficial owner
Parkway Global Holdings Limited	2201 Interest of corporation controlled by you
Sunrise Vision Holdings Limited	2201 Interest of corporation controlled by you
Smart Mobile Holdings Limited	2101 Beneficial owner
Morningside Group International Limited	2201 Interest of corporation controlled by you
Morningside Venture (vii) Investments Limited	2201 Interest of corporation controlled by you
Morningside Ventures Limited	2201 Interest of corporation controlled by you
Morningside-springfield Group Limited	2201 Interest of corporation controlled by you

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