Bowen Fintech (LSE:BWN) Receivables Turnover : 0.00 (As of Oct. 2023)

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What is Bowen 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. Bowen Fintech's Revenue for the six months ended in Oct. 2023 was £0.00 Mil. Bowen Fintech's average Accounts Receivable for the six months ended in Oct. 2023 was £0.01 Mil.

Bowen Fintech Receivables Turnover Historical Data

The historical data trend for Bowen 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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Bowen Fintech Receivables Turnover Chart

Bowen Fintech Annual Data

Trend

Apr22

Apr23

Receivables Turnover

Bowen Fintech Semi-Annual Data
	Apr22	Oct22	Apr23	Oct23
Receivables Turnover	-	-	-	-

Competitive Comparison of Bowen Fintech's Receivables Turnover

For the Shell Companies subindustry, Bowen 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.

Bowen Fintech's Receivables Turnover Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Bowen Fintech's Receivables Turnover distribution charts can be found below:

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

Bowen Fintech Receivables Turnover Calculation

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

Bowen Fintech's Receivables Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Receivables Turnover (A: Apr. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Apr. 2023 )	/ (	(Accounts Receivable (A: Apr. 2022 )	+	Accounts Receivable (A: Apr. 2023 ))	/	count )
=	0	/ (	(0	+	0.009)	/	1 )
=	0	/	0.009
=	N/A

Bowen Fintech's Receivables Turnover for the quarter that ended in Oct. 2023 is calculated as

	Receivables Turnover (Q: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Oct. 2023 )	/ (	(Accounts Receivable (Q: Apr. 2023 )	+	Accounts Receivable (Q: Oct. 2023 ))	/	count )
=	0	/ (	(0.009	+	0)	/	1 )
=	0	/	0.009
=	N/A

Bowen Fintech (LSE:BWN) 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.

Bowen Fintech Receivables Turnover Related Terms

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Bowen Fintech (LSE:BWN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Bowen Fintech PLC (LSE:BWN) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o Ince Gordon Dadds LLP, 2 Leman Street, Aldgate Tower, London, GBR, E1 8QN

Website

https://www.ukbowen.com

Bowen Fintech PLC objective is to undertake an acquisition of a target company or asset in the technology innovations sector with a particular focus on the financial services industry.