Gorilla Technology Group (Gorilla Technology Group) Receivables Turnover : 8.35 (As of Dec. 2023)

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What is Gorilla Technology Group 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. Gorilla Technology Group's Revenue for the six months ended in Dec. 2023 was $58.27 Mil. Gorilla Technology Group's average Accounts Receivable for the six months ended in Dec. 2023 was $6.98 Mil. Hence, Gorilla Technology Group's Receivables Turnover for the six months ended in Dec. 2023 was 8.35.

Gorilla Technology Group Receivables Turnover Historical Data

The historical data trend for Gorilla Technology Group'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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Gorilla Technology Group Receivables Turnover Chart

Gorilla Technology Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

1.39

1.47

1.24

0.92

8.35

Gorilla Technology Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial				0.80	0.40	0.35	0.48	8.35

Competitive Comparison of Gorilla Technology Group's Receivables Turnover

For the Software - Infrastructure subindustry, Gorilla Technology Group'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.

Gorilla Technology Group's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Gorilla Technology Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Gorilla Technology Group's Receivables Turnover falls into.

Gorilla Technology Group Receivables Turnover Calculation

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

Gorilla Technology Group'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 )
=	64.695	/ (	(14.042	+	1.448)	/	2 )
=	64.695	/	7.745
=	8.35

Gorilla Technology Group'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 )
=	58.266	/ (	(12.507	+	1.448)	/	2 )
=	58.266	/	6.9775
=	8.35

Gorilla Technology Group (NAS:GRRR) 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.

Gorilla Technology Group Receivables Turnover Related Terms

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Gorilla Technology Group (Gorilla Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Gorilla Technology Group Inc (NAS:GRRR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Meridien House, 42 Upper Berkeley Street, Marble Arch, London, GBR, W1H 5QJ

Website

https://www.gorilla-technology.com

Gorilla Technology Group Inc is primarily engaged in providing information, software, and data processing services. It is a provider of video intelligence, Internet of Things (IoT) security, edge AI data analytics, and operational technology (OT) security solutions and services. Its reportable segments are video IoT and security convergence and Other segments.