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AAC Technologies Holdings (AAC Technologies Holdings) Receivables Turnover : 2.27 (As of Dec. 2023)


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What is AAC Technologies Holdings 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. AAC Technologies Holdings's Revenue for the six months ended in Dec. 2023 was $1,569 Mil. AAC Technologies Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was $691 Mil. Hence, AAC Technologies Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 2.27.

AAC Technologies Holdings Receivables Turnover Historical Data

The historical data trend for AAC Technologies Holdings'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.

* Premium members only.

AAC Technologies Holdings Receivables Turnover Chart

AAC Technologies Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.83 4.84 4.93 4.83 4.31

AAC Technologies Holdings 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.86 2.34 2.80 2.10 2.27

Competitive Comparison of AAC Technologies Holdings's Receivables Turnover

For the Communication Equipment subindustry, AAC Technologies Holdings'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.

AAC Technologies Holdings's Receivables Turnover Distribution in the Hardware Industry

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

* The bar in red indicates where AAC Technologies Holdings's Receivables Turnover falls into.


AAC Technologies Holdings Receivables Turnover Calculation

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

AAC Technologies Holdings'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 )
=2859.734 / ((586.584 + 741.276) / 2 )
=2859.734 / 663.93
=4.31

AAC Technologies Holdings'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 )
=1568.601 / ((641.146 + 741.276) / 2 )
=1568.601 / 691.211
=2.27

* 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.

AAC Technologies Holdings  (OTCPK:AACAF) 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.

AAC Technologies Holdings Receivables Turnover Related Terms

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AAC Technologies Holdings (AAC Technologies Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AAC Technologies Holdings Inc (OTCPK:AACAF) » Definitions » Receivables Turnover
Comparable Companies
HKSE:06869 HKSE:00303 HKSE:02038 HKSE:01523 HKSE:02342 HKSE:08227 HKSE:02000 HKSE:01708 HKSE:01085 HKSE:01202 CSCO SHSE:601138 MSI HPE OHEL:NOKIA SHSE:688036 OSTO:ERIC B SZSE:000063 ZBRA JNPR
Traded in Other Exchanges
AACAY:USA 02018:Hong Kong A2X:Germany A2X:Germany A2XN:Germany A2XN:Germany
Address
38 Gloucester Road, Unit 1605-7, China Evergrande Centre, Wanchai, Hong Kong, HKG
Website
https://www.aactechnologies.com
AAC Technologies is one of the world's largest manufacturers of miniature acoustic components, such as speakers and receivers, primarily for smartphones, which account for under half of its revenue. Founded in 1993, the company has since then expanded into the production of other handset components, such as electromagnetic drives (haptics), precision mechanical (metal casing), lenses and camera modules, and MEMS microphones. AAC is headquartered in Shenzhen, China, and runs factories in China, Vietnam, Czechia, and Malaysia. It employed 27,798 people in December 2022.