Beijing Roborock Technology Co (SHSE:688169) Receivables Turnover : 7.83 (As of Mar. 2024)

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What is Beijing Roborock 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. Beijing Roborock Technology Co's Revenue for the three months ended in Mar. 2024 was ¥1,841 Mil. Beijing Roborock Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥235 Mil. Hence, Beijing Roborock Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 7.83.

Beijing Roborock Technology Co Receivables Turnover Historical Data

The historical data trend for Beijing Roborock 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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Beijing Roborock Technology Co Receivables Turnover Chart

Beijing Roborock Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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17.16

27.09

44.71

29.28

28.74

Beijing Roborock 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															4.76	15.25	14.52	12.80	7.83

Competitive Comparison of Beijing Roborock Technology Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Beijing Roborock 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.

Beijing Roborock Technology Co's Receivables Turnover Distribution in the Industrial Products Industry

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

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

Beijing Roborock Technology Co Receivables Turnover Calculation

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

Beijing Roborock 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 )
=	8653.784	/ (	(327.506	+	274.69)	/	2 )
=	8653.784	/	301.098
=	28.74

Beijing Roborock 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 )
=	1840.829	/ (	(274.69	+	195.403)	/	2 )
=	1840.829	/	235.0465
=	7.83

Beijing Roborock Technology Co (SHSE:688169) 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.

Beijing Roborock Technology Co Receivables Turnover Related Terms

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Beijing Roborock Technology Co (SHSE:688169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Beijing Roborock Technology Co Ltd (SHSE:688169) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Heiquan Road, No. 6016, 6017, 6018, 6th Floor, Block C, Kangjian Baosheng Plaza, Room 6003, Building C, Haidian District, Beijing, CHN, 100085

Website

https://www.roborock.com

Beijing Roborock Technology Co Ltd is engaged in research, development, and production of robotic home cleaners and other cleaning appliances. The company's products portfolio includes Roborocok H6, Roborock S6 Serie, Roborock S4, Roborock S5 Max, Roborock S5, Roborock Xiaowa E2, and Roborock Xiaowa E3. Its Roborock acts both as a powerful vacuum, and an mopping robot.

Executives

Tian Jia	Core technical personnel
Luo Han	Core technical personnel
Quan Gang	senior management
Sun Jia	Directors, senior managers
Wang Zheng	Core technical personnel
Wang Xuan	senior management
Shen Rui	Senior management, core technical personnel
Qian Qi Jie	senior management
Zhang Lei	Core technical personnel
Wang Hua Huo	Core technical personnel
Wan Yun Peng	Directors, senior managers
Chang Jing	Directors, senior managers
Xue Ying Nan	Core technical personnel
Zhang Yu Qing	Core technical personnel
Liu Xiao Yu	Core technical personnel

Beijing Roborock Technology Co (SHSE:688169) Headlines

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