Hangzhou SDIC Microelectronics (SHSE:688130) Receivables Turnover : 1.81 (As of Mar. 2024)

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What is Hangzhou SDIC Microelectronics 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 SDIC Microelectronics's Revenue for the three months ended in Mar. 2024 was ¥26.7 Mil. Hangzhou SDIC Microelectronics's average Accounts Receivable for the three months ended in Mar. 2024 was ¥14.7 Mil. Hence, Hangzhou SDIC Microelectronics's Receivables Turnover for the three months ended in Mar. 2024 was 1.81.

Hangzhou SDIC Microelectronics Receivables Turnover Historical Data

The historical data trend for Hangzhou SDIC Microelectronics'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 SDIC Microelectronics Receivables Turnover Chart

Hangzhou SDIC Microelectronics Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.24

12.59

10.76

12.77

11.80

Hangzhou SDIC Microelectronics Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											3.25	2.78	1.98	2.37	1.81

Competitive Comparison of Hangzhou SDIC Microelectronics's Receivables Turnover

For the Semiconductors subindustry, Hangzhou SDIC Microelectronics'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 SDIC Microelectronics's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Hangzhou SDIC Microelectronics's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hangzhou SDIC Microelectronics's Receivables Turnover falls into.

Hangzhou SDIC Microelectronics Receivables Turnover Calculation

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

Hangzhou SDIC Microelectronics'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 )
=	126.805	/ (	(7.446	+	14.041)	/	2 )
=	126.805	/	10.7435
=	11.80

Hangzhou SDIC Microelectronics'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 )
=	26.705	/ (	(14.041	+	15.414)	/	2 )
=	26.705	/	14.7275
=	1.81

Hangzhou SDIC Microelectronics (SHSE:688130) 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 SDIC Microelectronics Receivables Turnover Related Terms

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Hangzhou SDIC Microelectronics (SHSE:688130) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Hangzhou SDIC Microelectronics Inc (SHSE:688130) » Definitions » Receivables Turnover

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Address

No. 351, Changhe Road, Changhe Street, Room 501, Block A, 5th Floor, Building 4, Binjiang District, Zhejiang Provinc, Hangzhou, CHN, 310052

Website

https://www.sdicmicro.cn

Hangzhou SDIC Microelectronics Inc is engaged in the research and development and sales of high-performance analog and digital-analog hybrid integrated circuits.

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