ZhongTongGuoMai Communication Co (SHSE:603559) Receivables Turnover : 0.33 (As of Sep. 2024)

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What is ZhongTongGuoMai Communication 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. ZhongTongGuoMai Communication Co's Revenue for the three months ended in Sep. 2024 was ¥127.5 Mil. ZhongTongGuoMai Communication Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥391.7 Mil. Hence, ZhongTongGuoMai Communication Co's Receivables Turnover for the three months ended in Sep. 2024 was 0.33.

ZhongTongGuoMai Communication Co Receivables Turnover Historical Data

The historical data trend for ZhongTongGuoMai Communication 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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ZhongTongGuoMai Communication Co Receivables Turnover Chart

ZhongTongGuoMai Communication Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.07

1.00

0.88

0.83

ZhongTongGuoMai Communication 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															0.11	0.46	0.08	0.25	0.33

Competitive Comparison of ZhongTongGuoMai Communication Co's Receivables Turnover

For the Information Technology Services subindustry, ZhongTongGuoMai Communication 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.

ZhongTongGuoMai Communication Co's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where ZhongTongGuoMai Communication Co's Receivables Turnover falls into.

ZhongTongGuoMai Communication Co Receivables Turnover Calculation

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

ZhongTongGuoMai Communication 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 )
=	309.22	/ (	(413.012	+	327.944)	/	2 )
=	309.22	/	370.478
=	0.83

ZhongTongGuoMai Communication 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 )
=	127.483	/ (	(364.315	+	419.09)	/	2 )
=	127.483	/	391.7025
=	0.33

ZhongTongGuoMai Communication Co (SHSE:603559) 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.

ZhongTongGuoMai Communication Co Receivables Turnover Related Terms

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ZhongTongGuoMai Communication Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ZhongTongGuoMai Communication Co Ltd (SHSE:603559) » Definitions » Receivables Turnover

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Address

No. 6399, Nanhu Road, Jilin Province, Changchun, CHN, 130012

Website

http://www.ztgmcom.com

ZhongTongGuoMai Communication Co Ltd is the communication technology service provider in China. The company undertakes the communication network engineering consulting, surveying, and design and construction activities; and communication network system operation and maintenance services. The communication technology services provided by the company mainly include two types of communication network engineering services and communication network maintenance services. The network engineering service refers to the construction of communication lines and communication pipes at the network level such as the core network, the transmission network and the access network.

Executives

Wang Shi Chao	Director
Li Chun Tian	Director
Qu Guo Li	Supervisors
Zhang Jian Min	senior management
Zhou Cai Hua	Directors, senior managers
Zhang Xian Kun	Director
Meng Qi	senior management
Ma Si Long	Supervisors
Zhang Li Yan	senior management
Tang Zhi Yuan	Director
Yu Sheng Xiang	Director
Wang Zhen Gang	Director

ZhongTongGuoMai Communication Co Headlines

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