91APP (ROCO:6741) Receivables Turnover : 3.77 (As of Mar. 2025)

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What is 91APP 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. 91APP's Revenue for the three months ended in Mar. 2025 was NT$412 Mil. 91APP's average Accounts Receivable for the three months ended in Mar. 2025 was NT$109 Mil. Hence, 91APP's Receivables Turnover for the three months ended in Mar. 2025 was 3.77.

91APP Receivables Turnover Historical Data

The historical data trend for 91APP'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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91APP Receivables Turnover Chart

91APP Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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25.17

23.06

19.30

17.67

16.66

91APP Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															4.58	4.82	4.98	5.09	3.77

Competitive Comparison of 91APP's Receivables Turnover

For the Software - Infrastructure subindustry, 91APP'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.

91APP's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, 91APP's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where 91APP's Receivables Turnover falls into.

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91APP Receivables Turnover Calculation

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

91APP'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 )
=	1619.203	/ (	(80.725	+	113.607)	/	2 )
=	1619.203	/	97.166
=	16.66

91APP's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	411.893	/ (	(113.607	+	104.931)	/	2 )
=	411.893	/	109.269
=	3.77

91APP (ROCO:6741) 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.

91APP Receivables Turnover Related Terms

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91APP Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » 91APP Inc (ROCO:6741) » Definitions » Receivables Turnover

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Address

Lane 768, Bade Road, 6th Floor, No. 5, Section 4, Nangang District, Taipei, TWN, 115

Website

https://www.91app.com

91APP Inc is a software as a service company intended to provide shopping cart solutions for merchants. The company's platform offers advanced commerce solutions and marketing solutions that enable retail brands to penetrate the D2C (Direct-to-Consumer) e-commerce market and drive their operational benefits to their full potential, enabling clients with one-stop omnichannel retail solutions.

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