Shenzhen Tianyuan Dic Information Technology Co (SZSE:300047) Receivables Turnover : 0.85 (As of Mar. 2024)

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What is Shenzhen Tianyuan Dic Information 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. Shenzhen Tianyuan Dic Information Technology Co's Revenue for the three months ended in Mar. 2024 was ¥1,522 Mil. Shenzhen Tianyuan Dic Information Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,800 Mil. Hence, Shenzhen Tianyuan Dic Information Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.85.

Shenzhen Tianyuan Dic Information Technology Co Receivables Turnover Historical Data

The historical data trend for Shenzhen Tianyuan Dic Information 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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Shenzhen Tianyuan Dic Information Technology Co Receivables Turnover Chart

Shenzhen Tianyuan Dic Information Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.89

3.28

3.31

3.17

3.67

Shenzhen Tianyuan Dic Information 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															0.68	0.83	0.93	1.57	0.85

Competitive Comparison of Shenzhen Tianyuan Dic Information Technology Co's Receivables Turnover

For the Software - Application subindustry, Shenzhen Tianyuan Dic Information 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.

Shenzhen Tianyuan Dic Information Technology Co's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Shenzhen Tianyuan Dic Information Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shenzhen Tianyuan Dic Information Technology Co's Receivables Turnover falls into.

Shenzhen Tianyuan Dic Information Technology Co Receivables Turnover Calculation

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

Shenzhen Tianyuan Dic Information 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 )
=	6586.894	/ (	(1860.282	+	1731.758)	/	2 )
=	6586.894	/	1796.02
=	3.67

Shenzhen Tianyuan Dic Information 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 )
=	1521.535	/ (	(1731.758	+	1868.34)	/	2 )
=	1521.535	/	1800.049
=	0.85

Shenzhen Tianyuan Dic Information Technology Co (SZSE:300047) 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.

Shenzhen Tianyuan Dic Information Technology Co Receivables Turnover Related Terms

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Shenzhen Tianyuan Dic Information Technology Co (SZSE:300047) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shenzhen Tianyuan Dic Information Technology Co Ltd (SZSE:300047) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nanqi Road, 3rd Floor, T3 Building, Shenzhen High-tech Industrial Park, Shenzhen, CHN

Website

http://www.tydic.com

Shenzhen Tianyuan Dic Information Technology Co Ltd is a China-based provider of integrated internet and big data solutions. It is engaged in the development of advanced technologies such as cloud computing, big data, artificial intelligence, and the Internet of Things. The business areas to which the company offers are operators, public security, government, finance, and new energy.

Executives

Xie Li Ta	Executives
Chen Bing	Director
Chen Lu Kang	Directors, executives
Xie Xiao Bin	Director
Chen Xiu Qin	Directors, executives
Luo Zan	Executives
Wang Dong Sheng	Directors, executives
Guan Si Xin	Executives
Lin Rong	Executives
Chen You	Director
Xie Wei	Securities Affairs Representative
Liang Ling Lin	Supervisors
Li Qian Yi	Directors, executives
Zhang Yuan	Supervisors
Zheng Yu	Securities Affairs Representative

Shenzhen Tianyuan Dic Information Technology Co (SZSE:300047) Headlines

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