Uni-Trend Technology (China) Co (SHSE:688628) Receivables Turnover : 2.95 (As of Mar. 2024)

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What is Uni-Trend Technology (China) 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. Uni-Trend Technology (China) Co's Revenue for the three months ended in Mar. 2024 was ¥284 Mil. Uni-Trend Technology (China) Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥96 Mil. Hence, Uni-Trend Technology (China) Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.95.

Uni-Trend Technology (China) Co Receivables Turnover Historical Data

The historical data trend for Uni-Trend Technology (China) 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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Uni-Trend Technology (China) Co Receivables Turnover Chart

Uni-Trend Technology (China) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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11.69

18.26

14.59

11.09

10.64

Uni-Trend Technology (China) Co Quarterly Data
	Dec18	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															2.65	2.77	1.98	2.34	2.95

Competitive Comparison of Uni-Trend Technology (China) Co's Receivables Turnover

For the Scientific & Technical Instruments subindustry, Uni-Trend Technology (China) 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.

Uni-Trend Technology (China) Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Uni-Trend Technology (China) Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Uni-Trend Technology (China) Co's Receivables Turnover falls into.

Uni-Trend Technology (China) Co Receivables Turnover Calculation

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

Uni-Trend Technology (China) 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 )
=	1020.155	/ (	(94.462	+	97.314)	/	2 )
=	1020.155	/	95.888
=	10.64

Uni-Trend Technology (China) 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 )
=	283.856	/ (	(97.314	+	95.364)	/	2 )
=	283.856	/	96.339
=	2.95

Uni-Trend Technology (China) Co (SHSE:688628) 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.

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Uni-Trend Technology (China) Co (SHSE:688628) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Uni-Trend Technology (China) Co Ltd (SHSE:688628) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6, Industrial North 1st Road, Songshan Lake High-tech Industrial Development Zone, Guangdong Province, Dongguan, CHN, 523808

Website

https://www.uni-trend.com.cn

Uni-Trend Technology (China) Co Ltd is engaged in the research and development, production and sales of test and measuring instruments.

Executives

Li Zhi Hai	Core technical personnel
Sun Qiao	Core technical personnel
Yang Zhi Ling	Core technical personnel
Wang Shi Ying	Director
Zhang Xing	Director
Zhou Jian Hua	Director
Gan Zong Xiu	Director
Wu Zhong Liang	Core technical personnel
Long Ji Zhi	Core technical personnel

Uni-Trend Technology (China) Co (SHSE:688628) Headlines

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