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Chengdu Screen Micro-electronics Co (SHSE:688053) Receivables Turnover : 0.15 (As of Mar. 2024)


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What is Chengdu Screen Micro-electronics 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. Chengdu Screen Micro-electronics Co's Revenue for the three months ended in Mar. 2024 was ¥28.7 Mil. Chengdu Screen Micro-electronics Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥190.3 Mil. Hence, Chengdu Screen Micro-electronics Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.15.


Chengdu Screen Micro-electronics Co Receivables Turnover Historical Data

The historical data trend for Chengdu Screen Micro-electronics 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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Chengdu Screen Micro-electronics Co Receivables Turnover Chart

Chengdu Screen Micro-electronics Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 2.32 2.18 2.06 1.50 0.99

Chengdu Screen Micro-electronics Co Quarterly Data
Dec18 Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.29 0.19 0.18 0.17 0.15

Competitive Comparison of Chengdu Screen Micro-electronics Co's Receivables Turnover

For the Electronic Components subindustry, Chengdu Screen Micro-electronics 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.


Chengdu Screen Micro-electronics Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Chengdu Screen Micro-electronics Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Chengdu Screen Micro-electronics Co's Receivables Turnover falls into.



Chengdu Screen Micro-electronics Co Receivables Turnover Calculation

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

Chengdu Screen Micro-electronics 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 )
=195.003 / ((203.734 + 190.374) / 2 )
=195.003 / 197.054
=0.99

Chengdu Screen Micro-electronics 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 )
=28.67 / ((190.374 + 190.265) / 2 )
=28.67 / 190.3195
=0.15

* 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.


Chengdu Screen Micro-electronics Co  (SHSE:688053) 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.


Chengdu Screen Micro-electronics Co Receivables Turnover Related Terms

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Chengdu Screen Micro-electronics Co (SHSE:688053) Business Description

Traded in Other Exchanges
N/A
Address
No. 5, Tianhong Road, High-tech Zone (West Zone), Sichuan Province, Chengdu, CHN, 610041
Chengdu Screen Micro-electronics Co Ltd is a national high-tech enterprise for service items such as failure analysis, environmental reliability test, and quality reliability analysis.

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