Lenovo Group (Lenovo Group) Receivables Turnover : 1.89 (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is Lenovo Group 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. Lenovo Group's Revenue for the three months ended in Dec. 2023 was $15,721 Mil. Lenovo Group's average Accounts Receivable for the three months ended in Dec. 2023 was $8,340 Mil. Hence, Lenovo Group's Receivables Turnover for the three months ended in Dec. 2023 was 1.89.

Lenovo Group Receivables Turnover Historical Data

The historical data trend for Lenovo Group'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.

Lenovo Group Receivables Turnover Chart

Lenovo Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

Get a 7-Day Free Trial

8.77

7.85

8.29

7.31

6.49

Lenovo Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.60	1.47	1.68	1.89	1.89

Competitive Comparison of Lenovo Group's Receivables Turnover

For the Computer Hardware subindustry, Lenovo Group'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.

Lenovo Group's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Lenovo Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Lenovo Group's Receivables Turnover falls into.

Lenovo Group Receivables Turnover Calculation

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

Lenovo Group's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	61946.854	/ (	(11189.551	+	7901.228)	/	2 )
=	61946.854	/	9545.3895
=	6.49

Lenovo Group'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	15720.954	/ (	(7776.058	+	8903.205)	/	2 )
=	15720.954	/	8339.6315
=	1.89

Lenovo Group (OTCPK:LNVGY) 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.

Lenovo Group Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Lenovo Group's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Lenovo Group (Lenovo Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lenovo Group Ltd (OTCPK:LNVGY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

LNVGF:USA 00992:Hong Kong LHL:Germany

Address

979 King's Road, 23rd Floor, Lincoln House, Taikoo Place, Quarry Bay, Hong Kong, HKG

Website

https://www.lenovo.com

Lenovo is a global technology hardware company with a leading market share in personal computers. Its operations are divided into three main business segments: PC and smart devices, mobile, and data center, which we expect to account for 55%, 11%, and 19% of sales in the midterm, respectively. The firm has been actively growing its data center business, which primarily sells network servers to enterprise and hyperscale customers, as well as storage equipment through its mainland China joint venture with NetApp. Server-related revenue contribution has jumped to 16% of overall sales in fiscal 2022, from 6% in 2015.