Gettop Acoustic Co (SZSE:002655) Receivables Turnover : 0.61 (As of Mar. 2024)

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What is Gettop Acoustic 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. Gettop Acoustic Co's Revenue for the three months ended in Mar. 2024 was ¥259 Mil. Gettop Acoustic Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥426 Mil. Hence, Gettop Acoustic Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.61.

Gettop Acoustic Co Receivables Turnover Historical Data

The historical data trend for Gettop Acoustic 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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Gettop Acoustic Co Receivables Turnover Chart

Gettop Acoustic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

3.56

3.84

3.26

3.48

2.64

Gettop Acoustic 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															0.68	1.23	1.03	0.10	0.61

Competitive Comparison of Gettop Acoustic Co's Receivables Turnover

For the Electronic Components subindustry, Gettop Acoustic 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.

Gettop Acoustic Co's Receivables Turnover Distribution in the Hardware Industry

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

* The bar in red indicates where Gettop Acoustic Co's Receivables Turnover falls into.

Gettop Acoustic Co Receivables Turnover Calculation

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

Gettop Acoustic 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 )
=	997.6	/ (	(305.097	+	451.65)	/	2 )
=	997.6	/	378.3735
=	2.64

Gettop Acoustic 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 )
=	258.868	/ (	(451.65	+	399.703)	/	2 )
=	258.868	/	425.6765
=	0.61

Gettop Acoustic Co (SZSE:002655) 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.

Gettop Acoustic Co Receivables Turnover Related Terms

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Gettop Acoustic Co (SZSE:002655) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Gettop Acoustic Co Ltd (SZSE:002655) » Definitions » Receivables Turnover

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Address

No. 68, Fengshan Road, Fangzi District, Shandong Province, Weifang, CHN

Website

http://www.gettopacoustic.com

Gettop Acoustic Co Ltd is a manufacturer of electro-acoustic components and assemblies as well as a provider of complete electro-acoustic solutions. The company is mainly focusing on the manufacturing miniature microphone, micro speaker/receiver and module products. These products are widely used in mobile communication devices, portable PC, flat panel TV, personal digital device, car kits, and other consumer electronics. The company has an operational presence across Canada, United States of America, Denmark, Finland, Brazil, Japan, Germany, among others.

Executives

Zhang Diao Zhan	Director
Yang Zhi Yong	Supervisors
Zhang Lin Lin	Director
Wang Pei Sen	Supervisors
Yang Jin Jun	Director
Yang Xu Guang	Supervisors
Zhao Du Ren	Director

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