Shanghai New Centurion Network Information Technology Co (SHSE:605398) Receivables Turnover : 1.92 (As of Mar. 2024)

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What is Shanghai New Centurion Network Information 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. Shanghai New Centurion Network Information Technology Co's Revenue for the three months ended in Mar. 2024 was ¥133.3 Mil. Shanghai New Centurion Network Information Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥69.6 Mil. Hence, Shanghai New Centurion Network Information Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.92.

Shanghai New Centurion Network Information Technology Co Receivables Turnover Historical Data

The historical data trend for Shanghai New Centurion Network Information 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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Shanghai New Centurion Network Information Technology Co Receivables Turnover Chart

Shanghai New Centurion Network Information Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.67

9.51

9.25

11.22

11.64

Shanghai New Centurion Network Information Technology Co Quarterly Data
	Dec18	Jun19	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															2.25	2.26	2.57	3.42	1.92

Competitive Comparison of Shanghai New Centurion Network Information Technology Co's Receivables Turnover

For the Information Technology Services subindustry, Shanghai New Centurion Network Information 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.

Shanghai New Centurion Network Information Technology Co's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Shanghai New Centurion Network Information Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shanghai New Centurion Network Information Technology Co's Receivables Turnover falls into.

Shanghai New Centurion Network Information Technology Co Receivables Turnover Calculation

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

Shanghai New Centurion Network Information 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 )
=	636.506	/ (	(48.135	+	61.246)	/	2 )
=	636.506	/	54.6905
=	11.64

Shanghai New Centurion Network Information Technology 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 )
=	133.305	/ (	(61.246	+	77.94)	/	2 )
=	133.305	/	69.593
=	1.92

Shanghai New Centurion Network Information Technology Co (SHSE:605398) 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.

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Shanghai New Centurion Network Information Technology Co (SHSE:605398) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shanghai New Centurion Network Information Technology Co Ltd (SHSE:605398) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

No. 588, Lane 7548, Waiqingsong Road, Room 113, Area R, 1st Floor, Building 1, Qingpu District, Shanghai, CHN, 201701

Website

http://www.shsnc.com

Shanghai New Centurion Network Information Technology Co Ltd is a information technology system software service provider. It focuses on third-party operation and maintenance services and operation and maintenance products for IT data centers.

Executives

Sun Zheng Yang	Director
Sun Zheng Han	Director
Shi Hui	Director
Li Hao Jiang	Director
Cheng Yong Xin	Director
Sun Xing Yan	Director

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