Hangzhou Raycloud Technology Co (SHSE:688365) Receivables Turnover : 1.55 (As of Mar. 2025)

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What is Hangzhou Raycloud 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. Hangzhou Raycloud Technology Co's Revenue for the three months ended in Mar. 2025 was ¥114.9 Mil. Hangzhou Raycloud Technology Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥73.9 Mil. Hence, Hangzhou Raycloud Technology Co's Receivables Turnover for the three months ended in Mar. 2025 was 1.55.

Hangzhou Raycloud Technology Co Receivables Turnover Historical Data

The historical data trend for Hangzhou Raycloud 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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Hangzhou Raycloud Technology Co Receivables Turnover Chart

Hangzhou Raycloud Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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13.52

11.50

9.20

8.53

8.17

Hangzhou Raycloud Technology Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															1.93	1.98	1.91	2.03	1.55

Competitive Comparison of Hangzhou Raycloud Technology Co's Receivables Turnover

For the Software - Application subindustry, Hangzhou Raycloud 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.

Hangzhou Raycloud Technology Co's Receivables Turnover Distribution in the Software Industry

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

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

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Hangzhou Raycloud Technology Co Receivables Turnover Calculation

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

Hangzhou Raycloud Technology Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	477.792	/ (	(54.357	+	62.576)	/	2 )
=	477.792	/	58.4665
=	8.17

Hangzhou Raycloud Technology Co's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	114.887	/ (	(62.576	+	85.262)	/	2 )
=	114.887	/	73.919
=	1.55

Hangzhou Raycloud Technology Co (SHSE:688365) 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 Raycloud Technology Co Receivables Turnover Related Terms

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Hangzhou Raycloud Technology Co Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Hangzhou Raycloud Technology Co Ltd (SHSE:688365) » Definitions » Receivables Turnover

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Address

No.588 Jiangnan Avenue, 11th Floor, Main Building, Hengxin Building, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310052

Website

http://www.raycloud.com

Hangzhou Raycloud Technology Co Ltd is an e-commerce software and service technology company. It provides value-added products and services such as SaaS products, supporting hardware, operating services, and CRM SMS for e-commerce merchants based on e-commerce platforms. Its products and services include super manager, courier assistant, wangdian transaction, wangdian data, merchandise, prosperous store promotion, super store manager-cross-border edition, super express, super commodity, super deal and seller network.

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