Naas Technology (Naas Technology) Receivables Turnover : 1.35 (As of Mar. 2024)

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What is Naas Technology 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. Naas Technology's Revenue for the three months ended in Mar. 2024 was $13.36 Mil. Naas Technology's average Accounts Receivable for the three months ended in Mar. 2024 was $9.93 Mil. Hence, Naas Technology's Receivables Turnover for the three months ended in Mar. 2024 was 1.35.

Naas Technology Receivables Turnover Historical Data

The historical data trend for Naas Technology'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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Naas Technology Receivables Turnover Chart

Naas Technology Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

0.87

1.08

3.10

Naas Technology Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial							0.23	0.26	0.82	0.43	1.35

Competitive Comparison of Naas Technology's Receivables Turnover

For the Specialty Retail subindustry, Naas Technology'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.

Naas Technology's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Naas Technology's Receivables Turnover distribution charts can be found below:

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

Naas Technology Receivables Turnover Calculation

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

Naas Technology'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 )
=	44.828	/ (	(18.647	+	10.244)	/	2 )
=	44.828	/	14.4455
=	3.10

Naas Technology'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 )
=	13.363	/ (	(10.244	+	9.621)	/	2 )
=	13.363	/	9.9325
=	1.35

Naas Technology (NAS:NAAS) 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.

Naas Technology Receivables Turnover Related Terms

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Naas Technology (Naas Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Naas Technology Inc (NAS:NAAS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

6RE0:Germany

Address

No.1 Yaojiayuan South Road, Newlink Center, Area G, Building 7, Huitong Times Square, Chaoyang District, Beijing, CHN, 100024

Website

https://www.enaas.com

Naas Technology Inc is an electric vehicle charging service provider in China, whose vision is to power the world with carbon-neutral energy. It offers an integrated set of online solutions to charging station operators. wide range of offline services that simplify the daily operations of charging station operators, and of non-charging services such as food and beverage services to station operators.