Shenzhen Transsion Holdings Co (SHSE:688036) Receivables Turnover : 8.45 (As of Mar. 2024)

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What is Shenzhen Transsion Holdings 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. Shenzhen Transsion Holdings Co's Revenue for the three months ended in Mar. 2024 was ¥17,443 Mil. Shenzhen Transsion Holdings Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥2,065 Mil. Hence, Shenzhen Transsion Holdings Co's Receivables Turnover for the three months ended in Mar. 2024 was 8.45.

Shenzhen Transsion Holdings Co Receivables Turnover Historical Data

The historical data trend for Shenzhen Transsion Holdings 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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Shenzhen Transsion Holdings Co Receivables Turnover Chart

Shenzhen Transsion Holdings Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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40.91

39.19

41.61

37.01

38.31

Shenzhen Transsion Holdings 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															7.79	11.90	9.88	9.51	8.45

Competitive Comparison of Shenzhen Transsion Holdings Co's Receivables Turnover

For the Communication Equipment subindustry, Shenzhen Transsion Holdings 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.

Shenzhen Transsion Holdings Co's Receivables Turnover Distribution in the Hardware Industry

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

* The bar in red indicates where Shenzhen Transsion Holdings Co's Receivables Turnover falls into.

Shenzhen Transsion Holdings Co Receivables Turnover Calculation

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

Shenzhen Transsion Holdings 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 )
=	62294.877	/ (	(1287.384	+	1965.061)	/	2 )
=	62294.877	/	1626.2225
=	38.31

Shenzhen Transsion Holdings 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 )
=	17443.282	/ (	(1965.061	+	2165.875)	/	2 )
=	17443.282	/	2065.468
=	8.45

Shenzhen Transsion Holdings Co (SHSE:688036) 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.

Shenzhen Transsion Holdings Co Receivables Turnover Related Terms

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Shenzhen Transsion Holdings Co (SHSE:688036) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Transsion Holdings Co Ltd (SHSE:688036) » Definitions » Receivables Turnover

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Address

No. 9789 Shennan Road, 17th Floor, Desay Building, Hi-Tech Park, Nanshan District, Shenzhen, CHN, 518057

Website

http://www.transsion.com

Shenzhen Transsion Holdings Co Ltd is a smart device and mobile internet service provider. It offers smart devices with mobile phones as the core products, and mobile internet service based on self-developed intelligent terminal operating system and massive mobile phone users. The company's brand portfolio comprises mobile phone brands including TECNO, itel and Infinix, Carlcare for after-sales services, oraimo for smart accessories, and Syinix for home appliances.

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