Jianpu Technology (FRA:JT13) Receivables Turnover : 1.37 (As of Dec. 2023)

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What is Jianpu Technology 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. Jianpu Technology's Revenue for the three months ended in Dec. 2023 was €30.7 Mil. Jianpu Technology's average Accounts Receivable for the three months ended in Dec. 2023 was €22.4 Mil. Hence, Jianpu Technology's Receivables Turnover for the three months ended in Dec. 2023 was 1.37.

Jianpu Technology Receivables Turnover Historical Data

The historical data trend for Jianpu Technology'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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Jianpu Technology Receivables Turnover Chart

Jianpu Technology Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.65

1.98

4.10

5.36

5.91

Jianpu Technology Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.27	1.36	1.26	1.30	1.37

Competitive Comparison of Jianpu Technology's Receivables Turnover

For the Credit Services subindustry, Jianpu Technology'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.

Jianpu Technology's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Jianpu Technology's Receivables Turnover distribution charts can be found below:

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

Jianpu Technology Receivables Turnover Calculation

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

Jianpu Technology'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 )
=	137.342	/ (	(25.682	+	20.782)	/	2 )
=	137.342	/	23.232
=	5.91

Jianpu Technology'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 )
=	30.682	/ (	(24.009	+	20.782)	/	2 )
=	30.682	/	22.3955
=	1.37

Jianpu Technology (FRA:JT13) 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.

Jianpu Technology Receivables Turnover Related Terms

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Jianpu Technology (FRA:JT13) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Jianpu Technology Inc (FRA:JT13) » Definitions » Receivables Turnover

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JT:USA

Address

19 South Haidian Road, 5F Times Cyber Building, Haidian District, Beijing, CHN, 100086

Website

http://www.jianpu.ai

Jianpu Technology Inc is an independent open platform for providing online discovery and recommendation services for financial products in China. The company provides users with personalized search results and recommendations services such as loan applications, credit card services, and advertising and marketing services to its financial needs and credit profile. The individual users have access to financial products through the platform, including credit cards, and wealth management products. In addition, it also offers data risk management solutions to financial service providers which help in application approval, fraud detection and prevention and other credit underwriting processes. The company generates revenues from fees charged for services for loan products.

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