Bingo Software Co (SHSE:688227) Receivables Turnover : 0.18 (As of Jun. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Bingo 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. Bingo Software Co's Revenue for the three months ended in Jun. 2024 was ¥95.8 Mil. Bingo Software Co's average Accounts Receivable for the three months ended in Jun. 2024 was ¥528.8 Mil. Hence, Bingo Software Co's Receivables Turnover for the three months ended in Jun. 2024 was 0.18.

Bingo Software Co Receivables Turnover Historical Data

The historical data trend for Bingo 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.

* Premium members only.

Bingo Software Co Receivables Turnover Chart

Bingo Software Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

2.98

1.72

1.61

1.40

1.18

Bingo Software Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial															0.18	0.18	0.77	0.11	0.18

Competitive Comparison of Bingo Software Co's Receivables Turnover

For the Software - Infrastructure subindustry, Bingo 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.

Bingo Software Co's Receivables Turnover Distribution in the Software Industry

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

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

Bingo Software Co Receivables Turnover Calculation

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

Bingo 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 )
=	546.264	/ (	(398.33	+	526.139)	/	2 )
=	546.264	/	462.2345
=	1.18

Bingo Software Co's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	95.786	/ (	(515.273	+	542.32)	/	2 )
=	95.786	/	528.7965
=	0.18

Bingo Software Co (SHSE:688227) 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.

Bingo Software Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Bingo Software Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Bingo Software Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bingo Software Co Ltd (SHSE:688227) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 17, Software Road, Building G1, Gaotang Software Industry Base, Tianhe District, Guangdong Province, Guangzhou, CHN, 510663

Website

https://www.bingosoft.net

Bingo Software Co Ltd is a cloud computing and industry information service provider. It holds cloud computing-centric basic products such as BingoCloudOS, BingoFuse, BingoInsight, BingoLink and others. The types of products and services include cloud product sales, cloud leasing services, cloud solutions and industry information services.

Bingo Software Co Headlines

No Headlines