Tuya (HKSE:02391) Receivables Turnover : 6.38 (As of Mar. 2024)

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What is Tuya 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. Tuya's Revenue for the three months ended in Mar. 2024 was HK$482 Mil. Tuya's average Accounts Receivable for the three months ended in Mar. 2024 was HK$76 Mil. Hence, Tuya's Receivables Turnover for the three months ended in Mar. 2024 was 6.38.

Tuya Receivables Turnover Historical Data

The historical data trend for Tuya'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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Tuya Receivables Turnover Chart

Tuya Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

19.77

20.32

13.44

9.27

21.55

Tuya Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial													3.61	4.17	4.75	5.89	6.38

Competitive Comparison of Tuya's Receivables Turnover

For the Software - Infrastructure subindustry, Tuya'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.

Tuya's Receivables Turnover Distribution in the Software Industry

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

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

Tuya Receivables Turnover Calculation

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

Tuya'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 )
=	1796.176	/ (	(94.764	+	71.959)	/	2 )
=	1796.176	/	83.3615
=	21.55

Tuya's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	482.382	/ (	(71.959	+	79.2)	/	2 )
=	482.382	/	75.5795
=	6.38

Tuya (HKSE:02391) 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.

Tuya Receivables Turnover Related Terms

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Tuya (HKSE:02391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tuya Inc (HKSE:02391) » Definitions » Receivables Turnover

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Traded in Other Exchanges

TUYA:USA 785:Germany

Address

Huace Center, 10th Floor, Building A, Xihu District, Zhejiang Province, Hangzhou, CHN, 310012

Website

https://www.tuya.com

Tuya Inc is an IoT cloud development platform with a mission to build an IoT developer ecosystem and enable everything to be smart. The Company has pioneered a purpose-built IoT cloud development platform that delivers a full suite of offerings, including platform-as-a-service (PaaS) and Software-as-a-service (SaaS), to businesses and developers. Through its IoT cloud development platform, It has enabled developers to activate a vibrant IoT ecosystem of brands, OEMs, partners, and end users to engage and communicate through a broad range of smart devices. The company's revenue is derived from the PRC.

Executives

The Bank Of New York Mellon Corporation	2201 Interest of corporation controlled by you
Chen Liaohan	2201 Interest of corporation controlled by you
Wang Xueji	2501 Other
Tenet Vision Limited	2101 Beneficial owner
Tmf (cayman) Ltd.	2301 Trustee
Tuya Group Inc.	2501 Other
Tenet Smart Limited	2201 Interest of corporation controlled by you
Tenet Group Limited	2101 Beneficial owner
Tenet Global Limited	2201 Interest of corporation controlled by you
Unileo Limited	2101 Beneficial owner
Nea 14 Gp, Ltd	2201 Interest of corporation controlled by you
Nea Partners 14, L.p.	2201 Interest of corporation controlled by you
New Enterprise Associates 14, L.p.	2101 Beneficial owner
Anywink Limited
Lin Yaona

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