QTTOY (Qutoutiao) Receivables Turnover : 7.59 (As of Dec. 2024)

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What is Qutoutiao 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. Qutoutiao's Revenue for the six months ended in Dec. 2024 was $140.4 Mil. Qutoutiao's average Accounts Receivable for the six months ended in Dec. 2024 was $18.5 Mil. Hence, Qutoutiao's Receivables Turnover for the six months ended in Dec. 2024 was 7.59.

Qutoutiao Receivables Turnover Historical Data

The historical data trend for Qutoutiao'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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Qutoutiao Receivables Turnover Chart

Qutoutiao Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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8.60

5.83

2.25

7.69

7.59

Qutoutiao Semi-Annual Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23	Dec24
Receivables Turnover	Get a 7-Day Free Trial				8.60	5.83	2.25	7.69	7.59

Competitive Comparison of Qutoutiao's Receivables Turnover

For the Internet Content & Information subindustry, Qutoutiao'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.

Qutoutiao's Receivables Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Qutoutiao's Receivables Turnover distribution charts can be found below:

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

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Qutoutiao Receivables Turnover Calculation

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

Qutoutiao's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	140.356	/ (	(10.304	+	26.699)	/	2 )
=	140.356	/	18.5015
=	7.59

Qutoutiao's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	140.356	/ (	(10.304	+	26.699)	/	2 )
=	140.356	/	18.5015
=	7.59

Qutoutiao (OTCPK:QTTOY) 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.

Qutoutiao Receivables Turnover Related Terms

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Qutoutiao Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Qutoutiao Inc (OTCPK:QTTOY) » Definitions » Receivables Turnover

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Address

519 Yi De Road, Building No. 8, Shanghai Pudong Software Park, Pudong New Area, Shanghai, CHN, 200124

Website

https://www.qutoutiao.net

Qutoutiao Inc is a mobile content platform company in China. Its flagship mobile application Qutoutiao aggregates articles and short videos from professional media and freelancers and presents customized feeds to users. It has also launched a mobile literature application, Midu Novels, which offers users free literature supported by advertising. The mobile literature applications, Midu Novels, and Midu Lite, source content from traditional PC-based online literature platforms which provide a license to publish their literature content on Midu Novels for a fee and offer pieces of literature on Midu Novels. The company generates revenue by providing advertising and marketing services.