Sichuan Joyou Digital Technologies Co (SZSE:301172) Receivables Turnover : 0.15 (As of Mar. 2024)

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What is Sichuan Joyou Digital Technologies 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. Sichuan Joyou Digital Technologies Co's Revenue for the three months ended in Mar. 2024 was ¥55.1 Mil. Sichuan Joyou Digital Technologies Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥370.5 Mil. Hence, Sichuan Joyou Digital Technologies Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.15.

Sichuan Joyou Digital Technologies Co Receivables Turnover Historical Data

The historical data trend for Sichuan Joyou Digital Technologies 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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Sichuan Joyou Digital Technologies Co Receivables Turnover Chart

Sichuan Joyou Digital Technologies Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.30

1.26

1.21

1.19

1.12

Sichuan Joyou Digital Technologies Co Quarterly Data
	Dec14	Dec16	Dec17	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.05	0.51	0.13	0.44	0.15

Competitive Comparison of Sichuan Joyou Digital Technologies Co's Receivables Turnover

For the Information Technology Services subindustry, Sichuan Joyou Digital Technologies 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.

Sichuan Joyou Digital Technologies Co's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Sichuan Joyou Digital Technologies Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sichuan Joyou Digital Technologies Co's Receivables Turnover falls into.

Sichuan Joyou Digital Technologies Co Receivables Turnover Calculation

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

Sichuan Joyou Digital Technologies 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 )
=	415.071	/ (	(360.787	+	377.383)	/	2 )
=	415.071	/	369.085
=	1.12

Sichuan Joyou Digital Technologies 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 )
=	55.079	/ (	(377.383	+	363.657)	/	2 )
=	55.079	/	370.52
=	0.15

Sichuan Joyou Digital Technologies Co (SZSE:301172) 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.

Sichuan Joyou Digital Technologies Co Receivables Turnover Related Terms

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Sichuan Joyou Digital Technologies Co (SZSE:301172) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sichuan Joyou Digital Technologies Co Ltd (SZSE:301172) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

No. 288, Tianfu 3rd Street, Chengdu High-tech Zone, No. 2-7, 12th Floor, 13th Floor, Building 1, China (Sichuan) Pilot Free Trade Zone, Chengdu, CHN, 610094

Website

http://www.joyoudigital.com

Sichuan Joyou Digital Technologies Co Ltd is a professional smart city comprehensive solution provider. Its main business is to provide products and services such as system integration services, operation and maintenance services, and self-developed product sales for customers in the smart city field. The company mainly adopts new-generation information application technologies such as the Internet of Things, cloud computing, big data, artificial intelligence, and BIM to provide customers with a smart city industry that integrates application software customization development and intelligent and information system integration services Comprehensive solutions.

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