NanJing GOVA Technology Co (SHSE:688539) Receivables Turnover : 0.24 (As of Mar. 2024)

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What is NanJing GOVA 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. NanJing GOVA Technology Co's Revenue for the three months ended in Mar. 2024 was ¥75.0 Mil. NanJing GOVA Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥314.1 Mil. Hence, NanJing GOVA Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.24.

NanJing GOVA Technology Co Receivables Turnover Historical Data

The historical data trend for NanJing GOVA 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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NanJing GOVA Technology Co Receivables Turnover Chart

NanJing GOVA Technology Co Annual Data

Trend

Dec13

Dec14

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.33

1.63

1.72

1.61

1.43

NanJing GOVA Technology Co Quarterly Data
	Dec13	Jun14	Dec14	Jun15	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial												0.31	0.33	0.30	0.42	0.24

Competitive Comparison of NanJing GOVA Technology Co's Receivables Turnover

For the Electronic Components subindustry, NanJing GOVA 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.

NanJing GOVA Technology Co's Receivables Turnover Distribution in the Hardware Industry

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

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

NanJing GOVA Technology Co Receivables Turnover Calculation

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

NanJing GOVA 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 )
=	341.172	/ (	(188.327	+	290.334)	/	2 )
=	341.172	/	239.3305
=	1.43

NanJing GOVA 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 )
=	75.012	/ (	(290.334	+	337.827)	/	2 )
=	75.012	/	314.0805
=	0.24

NanJing GOVA Technology Co (SHSE:688539) 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.

NanJing GOVA Technology Co Receivables Turnover Related Terms

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NanJing GOVA Technology Co (SHSE:688539) Business Description

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Address

No. 66, Qixia Avenue, Economic and Technological Development Zone, Jiangsu Province, Nanjing, CHN, 210046

Website

https://www.govagroup.com

NanJing GOVA Technology Co Ltd is a high-tech enterprise that develops, designs, produces and sells high-reliability sensors and sensor network systems. The main products are various pressure, acceleration, temperature and humidity, displacement and other sensors, and integrate the above sensors into a sensor network system through software algorithms.

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