Hangzhou Pinming Software Co (SHSE:688109) Receivables Turnover : 0.27 (As of Mar. 2024)

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What is Hangzhou Pinming Software 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 Pinming Software Co's Revenue for the three months ended in Mar. 2024 was ¥58.8 Mil. Hangzhou Pinming Software Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥220.1 Mil. Hence, Hangzhou Pinming Software Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.27.

Hangzhou Pinming Software Co Receivables Turnover Historical Data

The historical data trend for Hangzhou Pinming Software 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 Pinming Software Co Receivables Turnover Chart

Hangzhou Pinming Software Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.30

6.15

4.39

2.42

1.94

Hangzhou Pinming Software 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															0.28	0.50	0.41	0.78	0.27

Competitive Comparison of Hangzhou Pinming Software Co's Receivables Turnover

For the Software - Application subindustry, Hangzhou Pinming Software 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 Pinming Software Co's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Hangzhou Pinming Software Co's Receivables Turnover falls into.

Hangzhou Pinming Software Co Receivables Turnover Calculation

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

Hangzhou Pinming Software 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 )
=	435.706	/ (	(219.367	+	228.964)	/	2 )
=	435.706	/	224.1655
=	1.94

Hangzhou Pinming Software 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 )
=	58.792	/ (	(228.964	+	211.234)	/	2 )
=	58.792	/	220.099
=	0.27

Hangzhou Pinming Software Co (SHSE:688109) 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 Pinming Software Co Receivables Turnover Related Terms

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Hangzhou Pinming Software Co (SHSE:688109) Business Description

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Address

No. 3, Xidoumen Road, Block C, 5th Floor, Building B, Paradise Software Park, Xihu District, Zhejiang Province, Hangzhou, CHN, 310012

Website

https://www.pinming.cn

Hangzhou Pinming Software Co Ltd is a provider of applied technology and products of digital construction in the construction phase. It focuses on the field of engineering construction information technology. Its business covers engineering cost, construction software, BIM software, smart construction sites, and universities. , Industry supervision, infrastructure and others.

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