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Thinkon Semiconductor Jinzhou (SHSE:688233) Receivables Turnover : 1.05 (As of Mar. 2024)


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What is Thinkon Semiconductor Jinzhou 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. Thinkon Semiconductor Jinzhou's Revenue for the three months ended in Mar. 2024 was ¥58.3 Mil. Thinkon Semiconductor Jinzhou's average Accounts Receivable for the three months ended in Mar. 2024 was ¥55.4 Mil. Hence, Thinkon Semiconductor Jinzhou's Receivables Turnover for the three months ended in Mar. 2024 was 1.05.


Thinkon Semiconductor Jinzhou Receivables Turnover Historical Data

The historical data trend for Thinkon Semiconductor Jinzhou'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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Thinkon Semiconductor Jinzhou Receivables Turnover Chart

Thinkon Semiconductor Jinzhou Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 8.39 9.89 12.93 7.21 1.79

Thinkon Semiconductor Jinzhou 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.60 0.38 0.55 0.24 1.05

Competitive Comparison of Thinkon Semiconductor Jinzhou's Receivables Turnover

For the Semiconductor Equipment & Materials subindustry, Thinkon Semiconductor Jinzhou'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.


Thinkon Semiconductor Jinzhou's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Thinkon Semiconductor Jinzhou's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Thinkon Semiconductor Jinzhou's Receivables Turnover falls into.



Thinkon Semiconductor Jinzhou Receivables Turnover Calculation

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

Thinkon Semiconductor Jinzhou'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 )
=135.033 / ((98.344 + 52.19) / 2 )
=135.033 / 75.267
=1.79

Thinkon Semiconductor Jinzhou'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 )
=58.32 / ((52.19 + 58.606) / 2 )
=58.32 / 55.398
=1.05

* 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.


Thinkon Semiconductor Jinzhou  (SHSE:688233) 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.


Thinkon Semiconductor Jinzhou Receivables Turnover Related Terms

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Thinkon Semiconductor Jinzhou (SHSE:688233) Business Description

Traded in Other Exchanges
N/A
Address
No. 46 Zhongxin Road, Taihe District, Liaoning Province, Jinzhou, CHN, 121000
Thinkon Semiconductor Jinzhou Corp is engaged in research, development, production, and sales of monocrystalline silicon materials for integrated circuit etching. The company's products portfolio includes Large Diameter Silicon Rods, Large Diameter Silicon Tubes, Monocrystalline silicon disk, Single crystal silicon ring, and Silicon wafer.

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