Shenzhen CECport Technologies Co (SZSE:001287) Receivables Turnover : 1.40 (As of Mar. 2024)

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What is Shenzhen CECport Technologies 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. Shenzhen CECport Technologies Co's Revenue for the three months ended in Mar. 2024 was ¥11,725 Mil. Shenzhen CECport Technologies Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥8,404 Mil. Hence, Shenzhen CECport Technologies Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.40.

Shenzhen CECport Technologies Co Receivables Turnover Historical Data

The historical data trend for Shenzhen CECport Technologies 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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Shenzhen CECport Technologies Co Receivables Turnover Chart

Shenzhen CECport Technologies Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.85

8.14

9.36

8.69

5.17

Shenzhen CECport Technologies Co Quarterly Data
	Dec18	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial									1.30	1.04	1.13	1.35	1.40

Competitive Comparison of Shenzhen CECport Technologies Co's Receivables Turnover

For the Electronic Components subindustry, Shenzhen CECport Technologies 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.

Shenzhen CECport Technologies Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shenzhen CECport Technologies Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shenzhen CECport Technologies Co's Receivables Turnover falls into.

Shenzhen CECport Technologies Co Receivables Turnover Calculation

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

Shenzhen CECport Technologies 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 )
=	34503.705	/ (	(5560.858	+	7791.842)	/	2 )
=	34503.705	/	6676.35
=	5.17

Shenzhen CECport Technologies 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 )
=	11724.651	/ (	(7791.842	+	9015.873)	/	2 )
=	11724.651	/	8403.8575
=	1.40

Shenzhen CECport Technologies Co (SZSE:001287) 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.

Shenzhen CECport Technologies Co Receivables Turnover Related Terms

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Shenzhen CECport Technologies Co (SZSE:001287) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen CECport Technologies Co Ltd (SZSE:001287) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

No. 1, Qianwan 1st Road, Room 201, Building A, Qianhai Shenzhen-Hong Kong Cooperation Zone, Guangdong Province, Shenzhen, CHN, 518000

Website

https://www.cecport.com

Shenzhen CECport Technologies Co Ltd is engaged in the distribution of electronic components, design chain services, supply chain collaboration and industrial data services.

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