Weaver Network Technology Co (SHSE:603039) Receivables Turnover : 1.44 (As of Mar. 2024)

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What is Weaver Network 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. Weaver Network Technology Co's Revenue for the three months ended in Mar. 2024 was ¥343 Mil. Weaver Network Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥239 Mil. Hence, Weaver Network Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.44.

Weaver Network Technology Co Receivables Turnover Historical Data

The historical data trend for Weaver Network 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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Weaver Network Technology Co Receivables Turnover Chart

Weaver Network Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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15.84

15.82

14.51

11.63

9.83

Weaver Network 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															1.63	2.94	2.41	4.33	1.44

Competitive Comparison of Weaver Network Technology Co's Receivables Turnover

For the Software - Application subindustry, Weaver Network 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.

Weaver Network Technology Co's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Weaver Network Technology Co's Receivables Turnover falls into.

Weaver Network Technology Co Receivables Turnover Calculation

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

Weaver Network 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 )
=	2393.193	/ (	(227.112	+	259.889)	/	2 )
=	2393.193	/	243.5005
=	9.83

Weaver Network 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 )
=	343.349	/ (	(259.889	+	218.131)	/	2 )
=	343.349	/	239.01
=	1.44

Weaver Network Technology Co (SHSE:603039) 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.

Weaver Network Technology Co Receivables Turnover Related Terms

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Weaver Network Technology Co (SHSE:603039) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Weaver Network Technology Co Ltd (SHSE:603039) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3419 Sanlu Highway, Fanwei Software Park, Minhang, Shanghai, CHN, 201112

Website

https://www.weaver.com.cn

Weaver Network Technology Co Ltd is a China based company engaged in developing collaborative management software. The product system provided by the company includes cloud office platform, mobile platform e-mobile, collaborative management application platform, and collaborative office standard edition, among others. It also offers information portal solution, cost control management solution, group management solution, target performance management solution.

Executives

Wei Li Dong	Directors, senior managers
Sui Qing	senior management
Hu Bo	senior management
Wang Chen Zhi	Directors, senior managers
Yang Guo Sheng	senior management
Bao Xiao Juan	Directors, senior managers
Zhou Jun Feng	Director
Jin Ge	Directors, senior managers
Xiong Xue Wu	Director

Weaver Network Technology Co (SHSE:603039) Headlines

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