Luster LightTech Co (SHSE:688400) Receivables Turnover : 0.65 (As of Jun. 2024)

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What is Luster LightTech 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. Luster LightTech Co's Revenue for the three months ended in Jun. 2024 was ¥645 Mil. Luster LightTech Co's average Accounts Receivable for the three months ended in Jun. 2024 was ¥995 Mil. Hence, Luster LightTech Co's Receivables Turnover for the three months ended in Jun. 2024 was 0.65.

Luster LightTech Co Receivables Turnover Historical Data

The historical data trend for Luster LightTech 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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Luster LightTech Co Receivables Turnover Chart

Luster LightTech Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.18

3.52

3.53

2.64

2.22

Luster LightTech Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial												0.72	0.59	0.63	0.42	0.65

Competitive Comparison of Luster LightTech Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Luster LightTech 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.

Luster LightTech Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Luster LightTech Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Luster LightTech Co's Receivables Turnover falls into.

Luster LightTech Co Receivables Turnover Calculation

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

Luster LightTech 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 )
=	2640.931	/ (	(1261.037	+	1121.734)	/	2 )
=	2640.931	/	1191.3855
=	2.22

Luster LightTech 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 )
=	644.764	/ (	(967.637	+	1021.458)	/	2 )
=	644.764	/	994.5475
=	0.65

Luster LightTech Co (SHSE:688400) 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.

Luster LightTech Co Receivables Turnover Related Terms

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Luster LightTech Co Business Description

Industry

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Address

Cuihu South Ring Road, Room 701, 7th Floor, Building 7, Yard 13, Haidian District, Beijing, CHN, 100094

Website

https://www.lusterinc.com

Luster LightTech Co Ltd is based on optical technology innovation, develops business around machine vision and fiber optics, and is committed to becoming a global leader in the field of visual artificial intelligence and optoelectronic information.

Executives

Yin Yong Qiang	senior management
Wang Wen Tao	Directors, senior managers

Luster LightTech Co Headlines

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