CCID Consulting Co (HKSE:02176) Receivables Turnover : 4.16 (As of Dec. 2023)

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What is CCID Consulting 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. CCID Consulting Co's Revenue for the six months ended in Dec. 2023 was HK$196.9 Mil. CCID Consulting Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$47.4 Mil. Hence, CCID Consulting Co's Receivables Turnover for the six months ended in Dec. 2023 was 4.16.

CCID Consulting Co Receivables Turnover Historical Data

The historical data trend for CCID Consulting 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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CCID Consulting Co Receivables Turnover Chart

CCID Consulting Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.16

7.33

10.69

7.23

8.45

CCID Consulting Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															6.28	2.00	3.55	2.56	4.16

Competitive Comparison of CCID Consulting Co's Receivables Turnover

For the Information Technology Services subindustry, CCID Consulting 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.

CCID Consulting Co's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, CCID Consulting Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where CCID Consulting Co's Receivables Turnover falls into.

CCID Consulting Co Receivables Turnover Calculation

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

CCID Consulting 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 )
=	304.426	/ (	(30.588	+	41.423)	/	2 )
=	304.426	/	36.0055
=	8.45

CCID Consulting Co'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 )
=	196.92	/ (	(53.355	+	41.423)	/	2 )
=	196.92	/	47.389
=	4.16

CCID Consulting Co (HKSE:02176) 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.

CCID Consulting Co Receivables Turnover Related Terms

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CCID Consulting Co (HKSE:02176) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CCID Consulting Co Ltd (HKSE:02176) » Definitions » Receivables Turnover

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Traded in Other Exchanges

CCX:Germany

Address

66 Zizhuyuan Road, 10th Floor, CCID Plaza, Haidian District, Beijing, CHN, 100048

Website

http://www.ccidconsulting.com

CCID Consulting Co Ltd is engaged in the provision of management and strategic consultancy services, market consultancy services, information engineering supervision services, data information design services, training courses services and subscription to information system services, and conference consultation and exhibition services. The company is also engaged in the provision of industry spatial management services which is included in the management and strategic consultancy services segment. The company operates in the PRC.

CCID Consulting Co (HKSE:02176) Headlines

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