Beijing Tricolor Technology Co (SHSE:603516) Receivables Turnover : 0.38 (As of Sep. 2024)

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What is Beijing Tricolor Technology 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. Beijing Tricolor Technology Co's Revenue for the three months ended in Sep. 2024 was ¥92.9 Mil. Beijing Tricolor Technology Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥242.4 Mil. Hence, Beijing Tricolor Technology Co's Receivables Turnover for the three months ended in Sep. 2024 was 0.38.

Beijing Tricolor Technology Co Receivables Turnover Historical Data

The historical data trend for Beijing Tricolor Technology 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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Beijing Tricolor Technology Co Receivables Turnover Chart

Beijing Tricolor Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

2.24

2.14

2.10

1.68

2.14

Beijing Tricolor Technology Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															0.70	0.79	0.35	0.71	0.38

Competitive Comparison of Beijing Tricolor Technology Co's Receivables Turnover

For the Electronics & Computer Distribution subindustry, Beijing Tricolor Technology 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.

Beijing Tricolor Technology Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Beijing Tricolor Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Beijing Tricolor Technology Co's Receivables Turnover falls into.

Beijing Tricolor Technology Co Receivables Turnover Calculation

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

Beijing Tricolor Technology 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 )
=	498.989	/ (	(228.656	+	236.986)	/	2 )
=	498.989	/	232.821
=	2.14

Beijing Tricolor Technology Co's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	92.9	/ (	(261.305	+	223.399)	/	2 )
=	92.9	/	242.352
=	0.38

Beijing Tricolor Technology Co (SHSE:603516) 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.

Beijing Tricolor Technology Co Receivables Turnover Related Terms

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Beijing Tricolor Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Beijing Tricolor Technology Co Ltd (SHSE:603516) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yard No.4, Life Science Park, Beiqing Road, 6th Floor, Building No.6, Changping District, Beijing, CHN, 102206

Website

http://www.chinargb.com.cn

Beijing Tricolor Technology Co Ltd supplies professional audio and video surveillance products and solutions. The company offers video wall processors, edge blending systems, and multi-viewers; matrix switchers; platform products, such as digital security integrated platform, industry custom audio system, professional high-definition network codec, and visual control products.

Executives

Huang Xiu Yu	Director
Zhang Jun Feng	Director
Fu Guo Yi	Director
Hu Chen	Director
Wang Zhi Tao	Director
He Shi Da	Director
Cheng Rui	senior management
Kong Ling Shu	Supervisors
Fu Lei Ming	Supervisors
Sun Chao	Supervisors

Beijing Tricolor Technology Co Headlines

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