Shenzhen Injoinic Technology Co (SHSE:688209) Receivables Turnover : 2.33 (As of Mar. 2024)

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What is Shenzhen Injoinic 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. Shenzhen Injoinic Technology Co's Revenue for the three months ended in Mar. 2024 was ¥261 Mil. Shenzhen Injoinic Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥112 Mil. Hence, Shenzhen Injoinic Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.33.

Shenzhen Injoinic Technology Co Receivables Turnover Historical Data

The historical data trend for Shenzhen Injoinic 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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Shenzhen Injoinic Technology Co Receivables Turnover Chart

Shenzhen Injoinic Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.82

6.80

12.73

13.04

11.62

Shenzhen Injoinic Technology 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												2.37	2.83	2.89	3.01	2.33

Competitive Comparison of Shenzhen Injoinic Technology Co's Receivables Turnover

For the Semiconductors subindustry, Shenzhen Injoinic 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.

Shenzhen Injoinic Technology Co's Receivables Turnover Distribution in the Semiconductors Industry

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

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

Shenzhen Injoinic Technology Co Receivables Turnover Calculation

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

Shenzhen Injoinic 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 )
=	1215.775	/ (	(82.723	+	126.611)	/	2 )
=	1215.775	/	104.667
=	11.62

Shenzhen Injoinic Technology 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 )
=	261.186	/ (	(126.611	+	97.506)	/	2 )
=	261.186	/	112.0585
=	2.33

Shenzhen Injoinic Technology Co (SHSE:688209) 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 Injoinic Technology Co Receivables Turnover Related Terms

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Shenzhen Injoinic Technology Co (SHSE:688209) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shenzhen Injoinic Technology Co Ltd (SHSE:688209) » Definitions » Receivables Turnover

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Address

Xili Community, Xili Street, Shenzhen International Innovation Valley, R&D room 3104, Block A, Building 8,, Nanshan District, Guangdong Province, Shenzhen, CHN, 518000

Website

http://www.injoinic.com

Shenzhen Injoinic Technology Co Ltd is engaged in the research and development and sales of power management chips and fast charging protocol chips.

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