Geovis Technology Co (SHSE:688568) Receivables Turnover : 0.23 (As of Mar. 2024)

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What is Geovis Technology 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. Geovis Technology Co's Revenue for the three months ended in Mar. 2024 was ¥419 Mil. Geovis Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,859 Mil. Hence, Geovis Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.23.

Geovis Technology Co Receivables Turnover Historical Data

The historical data trend for Geovis Technology 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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Geovis Technology Co Receivables Turnover Chart

Geovis Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.96

2.32

2.23

1.90

1.77

Geovis Technology 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															0.23	0.35	0.45	0.65	0.23

Competitive Comparison of Geovis Technology Co's Receivables Turnover

For the Software - Application subindustry, Geovis Technology 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.

Geovis Technology Co's Receivables Turnover Distribution in the Software Industry

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

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

Geovis Technology Co Receivables Turnover Calculation

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

Geovis Technology 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 )
=	2515.596	/ (	(1062.785	+	1784.319)	/	2 )
=	2515.596	/	1423.552
=	1.77

Geovis Technology 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 )
=	418.602	/ (	(1784.319	+	1933.148)	/	2 )
=	418.602	/	1858.7335
=	0.23

Geovis Technology Co (SHSE:688568) 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.

Geovis Technology Co Receivables Turnover Related Terms

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Geovis Technology Co (SHSE:688568) Business Description

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Address

No. 2 Airport East Road, Linkong Economic Core District, No. 1, 5 and 7 of No. 1A-4 Industrial Park, Shunyi District, Beijing, CHN, 101399

Website

http://www.geovis.com.cn

Geovis Technology Co Ltd is engaged in provision of digital earth products and technology development services. The technology of remote sensing, geographic information system, satellite positioning and navigation, virtual reality, and other independent research and development of the company digital earth products have a position in the domestic digital earth industry. The company provides software sales and data services, technology development services, digital earth integrated machines and system integration with GEOVIS digital earth products as the core for users in the government, enterprises and special fields.

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