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Duolun Technology (SHSE:603528) Receivables Turnover : 0.49 (As of Mar. 2024)


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What is Duolun Technology 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. Duolun Technology's Revenue for the three months ended in Mar. 2024 was ¥167.2 Mil. Duolun Technology's average Accounts Receivable for the three months ended in Mar. 2024 was ¥341.9 Mil. Hence, Duolun Technology's Receivables Turnover for the three months ended in Mar. 2024 was 0.49.


Duolun Technology Receivables Turnover Historical Data

The historical data trend for Duolun Technology'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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Duolun Technology Receivables Turnover Chart

Duolun Technology 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 2.31 1.85 1.90 1.91 1.50

Duolun Technology 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 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 0.41 0.36 0.36 0.29 0.49

Competitive Comparison of Duolun Technology's Receivables Turnover

For the Software - Application subindustry, Duolun Technology'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.


Duolun Technology's Receivables Turnover Distribution in the Software Industry

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

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



Duolun Technology Receivables Turnover Calculation

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

Duolun Technology'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 )
=531.425 / ((380.684 + 330.107) / 2 )
=531.425 / 355.3955
=1.50

Duolun Technology'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 )
=167.219 / ((330.107 + 353.618) / 2 )
=167.219 / 341.8625
=0.49

* 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.


Duolun Technology  (SHSE:603528) 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.


Duolun Technology Receivables Turnover Related Terms

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Duolun Technology (SHSE:603528) Business Description

Traded in Other Exchanges
N/A
Address
1555 Tianyin Avenue, Jiangning District, Nanjing, CHN, 211112
Duolun Technology Corp Ltd develops motor vehicle driving training and examination system, vehicle driving simulation training systems, intelligent traffic management application platform, traffic signal control systems and electronic police systems.
Executives
Li Yi Directors, senior managers
Zhang Tie Min Directors, senior managers
Zhang Tao Supervisors
Li Xiao Lin Supervisors
Song Zhi Director
Su Feng Director
Qian Sheng Shan Directors, senior managers
Li Song senior management
Li Qian Mu Director
Zhang Qiu Nan Director
Lin Chun Hua senior management

Duolun Technology (SHSE:603528) Headlines

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