Hangzhou IECHO Science & Technology Co (SHSE:688092) Receivables Turnover : 1.00 (As of Sep. 2024)

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What is Hangzhou IECHO Science & 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. Hangzhou IECHO Science & Technology Co's Revenue for the three months ended in Sep. 2024 was ¥109.4 Mil. Hangzhou IECHO Science & Technology Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥109.3 Mil. Hence, Hangzhou IECHO Science & Technology Co's Receivables Turnover for the three months ended in Sep. 2024 was 1.00.

Hangzhou IECHO Science & Technology Co Receivables Turnover Historical Data

The historical data trend for Hangzhou IECHO Science & 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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Hangzhou IECHO Science & Technology Co Receivables Turnover Chart

Hangzhou IECHO Science & Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.63

5.47

6.68

5.33

5.45

Hangzhou IECHO Science & 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															1.23	1.58	1.06	1.20	1.00

Competitive Comparison of Hangzhou IECHO Science & Technology Co's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Hangzhou IECHO Science & 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.

Hangzhou IECHO Science & Technology Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hangzhou IECHO Science & Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hangzhou IECHO Science & Technology Co's Receivables Turnover falls into.

Hangzhou IECHO Science & Technology Co Receivables Turnover Calculation

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

Hangzhou IECHO Science & 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 )
=	384.001	/ (	(59.723	+	81.115)	/	2 )
=	384.001	/	70.419
=	5.45

Hangzhou IECHO Science & 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 )
=	109.448	/ (	(112.739	+	105.83)	/	2 )
=	109.448	/	109.2845
=	1.00

Hangzhou IECHO Science & Technology Co (SHSE:688092) 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.

Hangzhou IECHO Science & Technology Co Receivables Turnover Related Terms

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Hangzhou IECHO Science & Technology Co Business Description

Industry

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Traded in Other Exchanges

N/A

Address

No. 1, Weiye Road, Building 1, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310053

Website

http://en.iechosoft.com

Hangzhou IECHO Science & Technology Co Ltd is a manufacturer of digital cutting systems in China. It provides integrated solutions to a wide range of industries including Sign & Graphics, Packaging, Textile, Leather, Furniture, Automotive and Composites, and others.

Executives

Bai Yan

Core technical personnel

Hangzhou IECHO Science & Technology Co Headlines

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