TradeGo FinTech (HKSE:08017) Receivables Turnover : 1.03 (As of Sep. 2023)

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What is TradeGo FinTech 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. TradeGo FinTech's Revenue for the three months ended in Sep. 2023 was HK$15.44 Mil. TradeGo FinTech's average Accounts Receivable for the three months ended in Sep. 2023 was HK$14.93 Mil. Hence, TradeGo FinTech's Receivables Turnover for the three months ended in Sep. 2023 was 1.03.

TradeGo FinTech Receivables Turnover Historical Data

The historical data trend for TradeGo FinTech'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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TradeGo FinTech Receivables Turnover Chart

TradeGo FinTech Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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6.66

16.32

19.12

30.43

49.75

TradeGo FinTech Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															3.39	3.51	9.96	8.56	1.03

Competitive Comparison of TradeGo FinTech's Receivables Turnover

For the Software - Infrastructure subindustry, TradeGo FinTech'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.

TradeGo FinTech's Receivables Turnover Distribution in the Software Industry

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

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

TradeGo FinTech Receivables Turnover Calculation

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

TradeGo FinTech's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	97.98	/ (	(1.737	+	2.202)	/	2 )
=	97.98	/	1.9695
=	49.75

TradeGo FinTech's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	15.441	/ (	(0	+	14.929)	/	1 )
=	15.441	/	14.929
=	1.03

TradeGo FinTech (HKSE:08017) 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.

TradeGo FinTech Receivables Turnover Related Terms

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TradeGo FinTech (HKSE:08017) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TradeGo FinTech Ltd (HKSE:08017) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3040 Xinghai Avenue Nanshan Street, 2808, Phase II, Qianhai Shimao Financial Center, Qianhai Shenzhen-Hong Kong Cooperation Zone, Shenzhen, CHN

Website

https://www.tradego8.com

TradeGo FinTech Ltd is a securities trading platform service provider serving mainly Hong Kong Brokerage Firms and their clients. The services offered by the company can be classified into front-office trading system services; market data services; hosting and cloud infrastructure services; SaaS services; and other value-added services. The majority of the firm's revenue gets derived from Front office trading system services.

Executives

Liao Jicheng	2101 Beneficial owner
Zhang Wenhua	2101 Beneficial owner
Ye Liqin	2202 Interest of your spouse
Lu Ximeng	2202 Interest of your spouse
Liu Xiaoming	2202 Interest of your spouse
Liu Yong	2401 A concert party to an agreement to buy shares
Chen Zhaoxia	2202 Interest of your spouse
Wan Yong	2401 A concert party to an agreement to buy shares
Coast Flagship Investment Spc – Harvest Ipo Mixed Strategy Investment Sp	2101 Beneficial owner
Coast International Asset Management Limited	2102 Investment manager
Stand Tall International Limited	2201 Interest of corporation controlled by you
Xin Cheng International Limited	2101 Beneficial owner
Sbi China Capital Holdings Limited	2201 Interest of corporation controlled by you
Sbi China Capital Financial Services Limited	2101 Beneficial owner
Probest Limited	2201 Interest of corporation controlled by you

TradeGo FinTech (HKSE:08017) Headlines

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