Marketingforce Management (HKSE:02556) Receivables Turnover : 6.32 (As of Jun. 2024)

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What is Marketingforce Management 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. Marketingforce Management's Revenue for the six months ended in Jun. 2024 was HK$796 Mil. Marketingforce Management's average Accounts Receivable for the six months ended in Jun. 2024 was HK$126 Mil. Hence, Marketingforce Management's Receivables Turnover for the six months ended in Jun. 2024 was 6.32.

Marketingforce Management Receivables Turnover Historical Data

The historical data trend for Marketingforce Management'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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Marketingforce Management Receivables Turnover Chart

Marketingforce Management Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

14.82

12.47

10.62

Marketingforce Management Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	-	-	4.83	5.83	6.32

Competitive Comparison of Marketingforce Management's Receivables Turnover

For the Software - Application subindustry, Marketingforce Management'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.

Marketingforce Management's Receivables Turnover Distribution in the Software Industry

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

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

Marketingforce Management Receivables Turnover Calculation

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

Marketingforce Management'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 )
=	1347.667	/ (	(132.186	+	121.67)	/	2 )
=	1347.667	/	126.928
=	10.62

Marketingforce Management's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	796.043	/ (	(121.67	+	130.303)	/	2 )
=	796.043	/	125.9865
=	6.32

Marketingforce Management (HKSE:02556) 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.

Marketingforce Management Receivables Turnover Related Terms

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Marketingforce Management Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Marketingforce Management Ltd (HKSE:02556) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Lane 1401, Jiangchang Road, Trueland Center, Building 8, Shanghai Big Data Industrial Park, Jingan District, Shanghai, CHN

Website

https://www.marketingforce.com

Marketingforce Management Ltd it is engaged in marketing and sales SaaS solution provider in China. It deliver marketing and sales SaaS solutions through Marketing force platform to enterprises. The company offers cloud-based SaaS products to enterprises to enable effective and efficient marketing and sales management and also offer two signature SaaS products, T Cloud and True Client, which combines a series of functional modules respectively to address the pain points faced by enterprises in marketing and sales activities. The group is engaged in two segments SaaS business and Precision marketing. Key revenue is generated from SaaS business.

Executives

Zhao Xulong	2307 Founder of a discretionary trust who can infl
Zhu Shuina	2201 Interest of corporation controlled by you
Zhao Fangqi	2201 Interest of corporation controlled by you
Xu Jiankang	2201 Interest of corporation controlled by you
Willam Zhao Limited	2305 Beneficiary of a trust
Shuina Zhu Limited	2305 Beneficiary of a trust
Fangqi Zhao Limited	2305 Beneficiary of a trust
Zhu Zhengguo	2201 Interest of corporation controlled by you
Nb Digital Evergreen Investment Limited Partnership	2101 Beneficial owner
Shanghai Hongyu Limited	2305 Beneficiary of a trust
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Balmy Days Limited
Rowland Global Holdings Limited
Driving Force Developments Limited

Marketingforce Management Headlines

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