Planet Image International (Planet Image International) Receivables Turnover : 2.44 (As of Dec. 2023)

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What is Planet Image International 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. Planet Image International's Revenue for the six months ended in Dec. 2023 was $76.0 Mil. Planet Image International's average Accounts Receivable for the six months ended in Dec. 2023 was $31.2 Mil. Hence, Planet Image International's Receivables Turnover for the six months ended in Dec. 2023 was 2.44.

Planet Image International Receivables Turnover Historical Data

The historical data trend for Planet Image International'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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Planet Image International Receivables Turnover Chart

Planet Image International Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

6.24

6.20

5.52

5.49

5.35

Planet Image International Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial				2.92	2.66	2.83	2.65	2.44

Competitive Comparison of Planet Image International's Receivables Turnover

For the Computer Hardware subindustry, Planet Image International'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.

Planet Image International's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Planet Image International's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Planet Image International's Receivables Turnover falls into.

Planet Image International Receivables Turnover Calculation

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

Planet Image International'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 )
=	150.222	/ (	(24.903	+	31.302)	/	2 )
=	150.222	/	28.1025
=	5.35

Planet Image International's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	76.017	/ (	(31.129	+	31.302)	/	2 )
=	76.017	/	31.2155
=	2.44

Planet Image International (NAS:YIBO) 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.

Planet Image International Receivables Turnover Related Terms

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Planet Image International (Planet Image International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Planet Image International Ltd (NAS:YIBO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 756 Guangfu Road, Hi-tech Development Zone, Jiangxi Province, Xinyu, CHN

Website

http://www.goaster.com

Planet Image International Ltd is engaged in manufacturing and selling compatible toner cartridges. It develops and manufactures toner cartridges that are compatible with, and can be used in, a wide range of commonly available models of laser printers from different manufacturers, or compatible toner cartridges, on a white-label or third-party brand basis or under its self-owned brands. The company also sells its branded products through online sales channels under three brands, TrueImage, CoolToner, and AZtech.

Planet Image International (Planet Image International) Headlines

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