SUIC Worldwide Holdings (SUIC Worldwide Holdings) Receivables Turnover : 0.15 (As of Mar. 2024)

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What is SUIC Worldwide Holdings 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. SUIC Worldwide Holdings's Revenue for the three months ended in Mar. 2024 was $0.03 Mil. SUIC Worldwide Holdings's average Accounts Receivable for the three months ended in Mar. 2024 was $0.20 Mil. Hence, SUIC Worldwide Holdings's Receivables Turnover for the three months ended in Mar. 2024 was 0.15.

SUIC Worldwide Holdings Receivables Turnover Historical Data

The historical data trend for SUIC Worldwide Holdings'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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SUIC Worldwide Holdings Receivables Turnover Chart

SUIC Worldwide Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.68

0.90

1.55

0.63

0.55

SUIC Worldwide Holdings 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															0.15	0.08	0.10	0.13	0.15

Competitive Comparison of SUIC Worldwide Holdings's Receivables Turnover

For the Information Technology Services subindustry, SUIC Worldwide Holdings'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.

SUIC Worldwide Holdings's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where SUIC Worldwide Holdings's Receivables Turnover falls into.

SUIC Worldwide Holdings Receivables Turnover Calculation

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

SUIC Worldwide Holdings'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 )
=	0.15	/ (	(0.363	+	0.187)	/	2 )
=	0.15	/	0.275
=	0.55

SUIC Worldwide Holdings'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 )
=	0.03	/ (	(0.187	+	0.21)	/	2 )
=	0.03	/	0.1985
=	0.15

SUIC Worldwide Holdings (OTCPK:SUIC) 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.

SUIC Worldwide Holdings Receivables Turnover Related Terms

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SUIC Worldwide Holdings (SUIC Worldwide Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SUIC Worldwide Holdings Ltd (OTCPK:SUIC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

136-20 38th Avenue, Unit 3G, Flushing, NY, USA, 11354

Website

https://www.sinounitedco.com

SUIC Worldwide Holdings Ltd provides research and development, venture financing for, and investing in private enterprises and the public sector that develops products and services adopting core capabilities of the Internet of Things, cloud computing, mobile payment, Big Data, Blockchain, and Artificial Intelligence, to enhance and streamline existing processes, and establish new and exciting business models that will create revolutionary products and services.

Executives

Jianye Wang	10 percent owner	47 HUAGONG ROAD, ZHAO DONG CITY, HEILONGJIANG F4 151100
Haipeng Wang	director, 10 percent owner, officer: VP, Global Energy Services	136-20 39TH AVENUE, UNIT 3G, FLUSHING NY 11354