Jwipc Technology Co (SZSE:001339) Receivables Turnover : 1.11 (As of Mar. 2024)

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What is Jwipc 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. Jwipc Technology Co's Revenue for the three months ended in Mar. 2024 was ¥714 Mil. Jwipc Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥643 Mil. Hence, Jwipc Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.11.

Jwipc Technology Co Receivables Turnover Historical Data

The historical data trend for Jwipc 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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Jwipc Technology Co Receivables Turnover Chart

Jwipc Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

8.15

8.09

7.97

7.03

5.51

Jwipc Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											1.66	1.67	2.00	1.23	1.11

Competitive Comparison of Jwipc Technology Co's Receivables Turnover

For the Computer Hardware subindustry, Jwipc 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.

Jwipc Technology Co's Receivables Turnover Distribution in the Hardware Industry

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

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

Jwipc Technology Co Receivables Turnover Calculation

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

Jwipc 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 )
=	3665.445	/ (	(494.186	+	835.881)	/	2 )
=	3665.445	/	665.0335
=	5.51

Jwipc 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 )
=	713.762	/ (	(835.881	+	449.705)	/	2 )
=	713.762	/	642.793
=	1.11

Jwipc Technology Co (SZSE:001339) 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.

Jwipc Technology Co Receivables Turnover Related Terms

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Jwipc Technology Co (SZSE:001339) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jwipc Technology Co Ltd (SZSE:001339) » Definitions » Receivables Turnover

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Address

Tairan 9th Road, B-1303, Haisong Building, Chegongmiao, Futian District, Guangdong, Shenzhen, CHN, 518042

Website

https://www.jwipc.com

Jwipc Technology CoLtd is engaged in the research and development, production, sales and service of educational office, consumer, network equipment, network security, retail and other electronic equipment products.

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