Koal Software Co (SHSE:603232) Receivables Turnover : 0.19 (As of Mar. 2024)

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What is Koal Software Co 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. Koal Software Co's Revenue for the three months ended in Mar. 2024 was ¥48.5 Mil. Koal Software Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥249.0 Mil. Hence, Koal Software Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.19.

Koal Software Co Receivables Turnover Historical Data

The historical data trend for Koal Software Co'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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Koal Software Co Receivables Turnover Chart

Koal Software Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.78

2.03

2.79

2.88

2.28

Koal Software Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.28	0.42	0.76	0.92	0.19

Competitive Comparison of Koal Software Co's Receivables Turnover

For the Software - Infrastructure subindustry, Koal Software Co'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.

Koal Software Co's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Koal Software Co's Receivables Turnover falls into.

Koal Software Co Receivables Turnover Calculation

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

Koal Software Co'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 )
=	561.346	/ (	(235.289	+	258.126)	/	2 )
=	561.346	/	246.7075
=	2.28

Koal Software Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	48.543	/ (	(258.126	+	239.87)	/	2 )
=	48.543	/	248.998
=	0.19

Koal Software Co (SHSE:603232) 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.

Koal Software Co Receivables Turnover Related Terms

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Koal Software Co (SHSE:603232) Business Description

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Address

Lane 299, Jiangchang West Road, 6th Floor, Room 601, No. 5, Building 4, Central Times Square, Jingan District, Shanghai, CHN, 200436

Website

http://www.koal.com

Koal Software Co Ltd is engaged in the development, production, sale, and service of commercial password software to the information security industry and public key infrastructure field. Its product line includes digital certificate authentication system; secure authentication gateway; signature verification server; electronic signature system; secure email system; secure instant messaging system; electronic file management system; LAN access authentication system; and mobile media management system.

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