ORG Technology Co (SZSE:002701) Receivables Turnover : 1.08 (As of Mar. 2024)

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What is ORG 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. ORG Technology Co's Revenue for the three months ended in Mar. 2024 was ¥3,551 Mil. ORG Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥3,285 Mil. Hence, ORG Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.08.

ORG Technology Co Receivables Turnover Historical Data

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

ORG Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.34

4.43

4.99

4.53

4.28

ORG Technology 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															0.97	1.06	1.00	0.91	1.08

Competitive Comparison of ORG Technology Co's Receivables Turnover

For the Packaging & Containers subindustry, ORG 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.

ORG Technology Co's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, ORG Technology Co's Receivables Turnover distribution charts can be found below:

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

ORG Technology Co Receivables Turnover Calculation

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

ORG 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 )
=	13842.845	/ (	(3256.443	+	3206.178)	/	2 )
=	13842.845	/	3231.3105
=	4.28

ORG 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 )
=	3551.44	/ (	(3206.178	+	3364.5)	/	2 )
=	3551.44	/	3285.339
=	1.08

ORG Technology Co (SZSE:002701) 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.

ORG Technology Co Receivables Turnover Related Terms

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ORG Technology Co (SZSE:002701) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » ORG Technology Co Ltd (SZSE:002701) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

YanQi Industrial Development Zone, Huai Rou District, Beijing, CHN, 101407

Website

https://www.orgtech.cn

ORG Technology Co Ltd is engaged in providing internet information services. The firm engages in offering technology development, technical services, technology testing; product design; economic and trade consultation; automatic identification and identification systems development and application; development and application of visualization and cargo tracking system; development and application of intelligent management system. Geographically it operates through China however it also holds a presence in the international market.

Executives

Zhang Shao Jun	Executives
Zhou Yuan	Director
Zhang Liang De	Executives
Shen Tao	Directors, executives
Zhou Yun Jie	Director
Jiang Xian Da	Supervisors
Huang Zhi Feng	Supervisors
Chen Yu Fei	Executives
Ma Bin Yun	Supervisors
Wang Dong	Directors, executives
Wu Duo Quan	Executives
Gao Shu Jun	Executives, directors
Chen Zhong Ge	Supervisors
Zhao Yu Hui	Directors, executives

ORG Technology Co (SZSE:002701) Headlines

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