CLPS (CLPS) Receivables Turnover : 1.64 (As of Dec. 2023)

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What is CLPS 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. CLPS's Revenue for the six months ended in Dec. 2023 was $71.8 Mil. CLPS's average Accounts Receivable for the six months ended in Dec. 2023 was $43.8 Mil. Hence, CLPS's Receivables Turnover for the six months ended in Dec. 2023 was 1.64.

CLPS Receivables Turnover Historical Data

The historical data trend for CLPS'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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CLPS Receivables Turnover Chart

CLPS Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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3.51

3.97

3.61

3.11

2.94

CLPS Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial											1.73	1.56	1.55	1.57	1.64

Competitive Comparison of CLPS's Receivables Turnover

For the Information Technology Services subindustry, CLPS'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.

CLPS's Receivables Turnover Distribution in the Software Industry

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

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

CLPS Receivables Turnover Calculation

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

CLPS's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	150.357	/ (	(53.77	+	48.515)	/	2 )
=	150.357	/	51.1425
=	2.94

CLPS'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 )
=	71.774	/ (	(48.515	+	39.093)	/	2 )
=	71.774	/	43.804
=	1.64

CLPS (NAS:CLPS) 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.

CLPS Receivables Turnover Related Terms

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CLPS (CLPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CLPS Inc (NAS:CLPS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

1UK:Germany

Address

c/o Unit 1000, 10th Floor, Millennium City III, 378 Kwun Tong Road, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.clpsglobal.com

CLPS Inc is a holding company. The company through its subsidiaries provides information technology consulting and solutions institutions in banking, insurance, and financial sectors, both in China and globally. Its products are Risk Control Platform, Transaction Acquiring Platform, Debt Collection Platform, Virtual Bank Training Platform, Credit Card System, and other related products. The company generates its revenue from IT consulting service, Customized IT solution service, and other. Generating majority of its revenue from the IT consulting service.