LICN (Lichen International) Receivables Turnover : 5.47 (As of Jun. 2024)

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What is Lichen International 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. Lichen International's Revenue for the six months ended in Jun. 2024 was $18.10 Mil. Lichen International's average Accounts Receivable for the six months ended in Jun. 2024 was $3.31 Mil. Hence, Lichen International's Receivables Turnover for the six months ended in Jun. 2024 was 5.47.

Lichen International Receivables Turnover Historical Data

The historical data trend for Lichen International'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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Lichen International Receivables Turnover Chart

Lichen International Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

12.69

11.52

10.16

11.74

Lichen International Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial			4.33	5.02	5.46	7.48	5.47

Competitive Comparison of Lichen International's Receivables Turnover

For the Specialty Business Services subindustry, Lichen International'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.

Lichen International's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Lichen International's Receivables Turnover distribution charts can be found below:

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

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Lichen International Receivables Turnover Calculation

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

Lichen International'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 )
=	39.759	/ (	(3.117	+	3.659)	/	2 )
=	39.759	/	3.388
=	11.74

Lichen International'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 )
=	18.096	/ (	(3.659	+	2.953)	/	2 )
=	18.096	/	3.306
=	5.47

Lichen International (NAS:LICN) 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.

Lichen International Receivables Turnover Related Terms

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Lichen International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Lichen International Ltd (NAS:LICN) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xingang Square, Hubin North Road, 15th Floor, Siming District, Fujian Province, Xiamen, CHN, 361013

Website

https://www.lichenzx.com

Lichen International Ltd formerly Lichen China Ltd is a holding company. The company, along with its subsidiaries provides financial and taxation solution services; education support services; and software and maintenance services. The company generates Majority revenue from Financial and taxation solution services.