Sinosoft Co (SHSE:603927) Receivables Turnover : 1.08 (As of Mar. 2024)

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What is Sinosoft 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. Sinosoft Co's Revenue for the three months ended in Mar. 2024 was ¥1,287 Mil. Sinosoft Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,193 Mil. Hence, Sinosoft Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.08.

Sinosoft Co Receivables Turnover Historical Data

The historical data trend for Sinosoft 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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Sinosoft Co Receivables Turnover Chart

Sinosoft Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.70

6.43

6.62

6.42

5.77

Sinosoft Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.25	1.29	1.20	2.34	1.08

Competitive Comparison of Sinosoft Co's Receivables Turnover

For the Software - Application subindustry, Sinosoft 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.

Sinosoft Co's Receivables Turnover Distribution in the Software Industry

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

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

Sinosoft Co Receivables Turnover Calculation

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

Sinosoft 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 )
=	6502.633	/ (	(1075.023	+	1180.357)	/	2 )
=	6502.633	/	1127.69
=	5.77

Sinosoft 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 )
=	1287.45	/ (	(1180.357	+	1206.549)	/	2 )
=	1287.45	/	1193.453
=	1.08

Sinosoft Co (SHSE:603927) 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.

Sinosoft Co Receivables Turnover Related Terms

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Sinosoft Co (SHSE:603927) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sinosoft Co Ltd (SHSE:603927) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Building 6, Xinkexiangyuan,, Zhongguancun, Haidian District, Beijing, CHN, 100190

Website

http://www.sinosoft.com.cn

Sinosoft Co Ltd operates as a software developer and solutions provider. The companies software is actively used in many industries such as medical, energy, civil aviation, government and others. Further, it provides overall planning, technical support, supervision, training and consulting services.

Executives

Sun Xi Jie	Directors, senior managers
Xie Zhong Yang	senior management
Cai Hong	senior management
Wang Xin	senior management
Sun Jing	senior management
Xing Li	Directors, senior managers
Zhang Zhi Hua	senior management
Zuo Chun	Directors, senior managers
Wang Wan Cheng	senior management
Zhang Wei	Directors, senior managers
Zhang Tian Ban	Supervisors
Liang Geng	Director
Zhong Hua	Director

Sinosoft Co (SHSE:603927) Headlines

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