ZW Data Action Technologies (LTS:0HXO) Receivables Turnover : 10.11 (As of Sep. 2023)

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What is ZW Data Action Technologies 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. ZW Data Action Technologies's Revenue for the three months ended in Sep. 2023 was $9.18 Mil. ZW Data Action Technologies's average Accounts Receivable for the three months ended in Sep. 2023 was $0.91 Mil. Hence, ZW Data Action Technologies's Receivables Turnover for the three months ended in Sep. 2023 was 10.11.

ZW Data Action Technologies Receivables Turnover Historical Data

The historical data trend for ZW Data Action Technologies'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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ZW Data Action Technologies Receivables Turnover Chart

ZW Data Action Technologies Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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8.42

12.08

13.55

16.19

10.12

ZW Data Action Technologies 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															2.31	1.86	3.81	7.52	10.11

Competitive Comparison of ZW Data Action Technologies's Receivables Turnover

For the Advertising Agencies subindustry, ZW Data Action Technologies'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.

ZW Data Action Technologies's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, ZW Data Action Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where ZW Data Action Technologies's Receivables Turnover falls into.

ZW Data Action Technologies Receivables Turnover Calculation

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

ZW Data Action Technologies's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	26.235	/ (	(3.439	+	1.745)	/	2 )
=	26.235	/	2.592
=	10.12

ZW Data Action Technologies'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 )
=	9.181	/ (	(1.045	+	0.771)	/	2 )
=	9.181	/	0.908
=	10.11

ZW Data Action Technologies (LTS:0HXO) 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.

ZW Data Action Technologies Receivables Turnover Related Terms

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ZW Data Action Technologies (LTS:0HXO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » ZW Data Action Technologies Inc (LTS:0HXO) » Definitions » Receivables Turnover

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CNET:USA

Address

No. 2 Fengfu Road, Room 1811, Xinghuo Keji Plaza, Fengtai District, Beijing, CHN, 100195

Website

https://www.zdat.com

ZW Data Action Technologies Inc is engaged in providing Internet advertising, precision marketing, e-commerce online to offline (O2O) advertising and marketing services as well as the related data and technical services to small and medium enterprises in the PRC. It offers a variety channels of advertising and marketing services through its system, including distribution of the right to use search engine marketing services, provision of online advertising placements on its web portals, provision of ecommerce O2O advertising and marketing services and provision of other related value-added data and technical services to maximize market exposure and effectiveness for clients.

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