Beijing Join-Cheer Software Co (SZSE:002279) Receivables Turnover : 1.06 (As of Mar. 2024)

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What is Beijing Join-Cheer Software 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 Join-Cheer Software Co's Revenue for the three months ended in Mar. 2024 was ¥721 Mil. Beijing Join-Cheer Software Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥678 Mil. Hence, Beijing Join-Cheer Software Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.06.

Beijing Join-Cheer Software Co Receivables Turnover Historical Data

The historical data trend for Beijing Join-Cheer Software 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 Join-Cheer Software Co Receivables Turnover Chart

Beijing Join-Cheer Software Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.43

5.45

6.39

6.25

5.69

Beijing Join-Cheer Software 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															0.95	1.63	1.65	2.60	1.06

Competitive Comparison of Beijing Join-Cheer Software Co's Receivables Turnover

For the Software - Application subindustry, Beijing Join-Cheer Software 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 Join-Cheer Software Co's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Beijing Join-Cheer Software Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Beijing Join-Cheer Software Co's Receivables Turnover falls into.

Beijing Join-Cheer Software Co Receivables Turnover Calculation

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

Beijing Join-Cheer Software 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 )
=	3411.724	/ (	(490.731	+	709.01)	/	2 )
=	3411.724	/	599.8705
=	5.69

Beijing Join-Cheer Software 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 )
=	720.696	/ (	(709.01	+	646.219)	/	2 )
=	720.696	/	677.6145
=	1.06

Beijing Join-Cheer Software Co (SZSE:002279) 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 Join-Cheer Software Co Receivables Turnover Related Terms

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Beijing Join-Cheer Software Co (SZSE:002279) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing Join-Cheer Software Co Ltd (SZSE:002279) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

No. 5 Da Hui Si Road, Building 3, 3F, Haidian District, Beijing, Beijing, CHN, 100081

Website

http://www.jiuqi.com.cn

Beijing Join-Cheer Software Co Ltd is a management software provider that focuses on providing big data integrated services. The solutions provided by the company include government management and services, long time big data, long time report, and longtime DNA.

Executives

Li Jun	Director
Zhao Fu Jun	Director
Shi Rui Feng	Directors, executives
Wang Hai Xia	Directors, executives
Wang Xin	Director
Qiu An Chao	Directors, executives
Ou Yang Yao	Directors, executives
Ceng Chao	Supervisors
Liu Wen Sheng	Executives
Wang Jin Yan	Supervisors
Zhu Xiao Jun	Executives
Li Kun Qi	Director

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