Weimob (HKSE:02013) Receivables Turnover : 2.85 (As of Dec. 2023)

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What is Weimob 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. Weimob's Revenue for the six months ended in Dec. 2023 was HK$1,114 Mil. Weimob's average Accounts Receivable for the six months ended in Dec. 2023 was HK$390 Mil. Hence, Weimob's Receivables Turnover for the six months ended in Dec. 2023 was 2.85.

Weimob Receivables Turnover Historical Data

The historical data trend for Weimob'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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Weimob Receivables Turnover Chart

Weimob Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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13.01

10.17

6.71

5.08

6.43

Weimob Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial											3.47	2.85	3.04	3.39	2.85

Competitive Comparison of Weimob's Receivables Turnover

For the Software - Application subindustry, Weimob'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.

Weimob's Receivables Turnover Distribution in the Software Industry

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

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

Weimob Receivables Turnover Calculation

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

Weimob'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 )
=	2436.594	/ (	(379.243	+	378.294)	/	2 )
=	2436.594	/	378.7685
=	6.43

Weimob'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 )
=	1113.592	/ (	(402.307	+	378.294)	/	2 )
=	1113.592	/	390.3005
=	2.85

Weimob (HKSE:02013) 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.

Weimob Receivables Turnover Related Terms

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Weimob (HKSE:02013) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Weimob Inc (HKSE:02013) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

36W:Germany

Address

258 Changjiang Road, Weimob Building, Baoshan District, Shanghai, CHN

Website

https://www.weimob.com

Weimob Inc is a provider of cloud business and marketing solutions for small and medium-sized enterprises in China. The company operates in three segments: Subscription solutions, Merchant solutions, and Digital media. It provides SaaS and other software in its Subscription Solutions segment for e-commerce, Retail, catering, hotel, local life, and other industries, enabling merchants to carry out private traffic management. The company helps merchants obtain public domain traffic and support them to achieve digital upgrade with full chain services and operations through its Merchant Solutions segment. Digital Media mainly comprises its advertisement placement services offered to certain merchants.

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