BOE Technology Group Co (SZSE:000725) Receivables Turnover : 1.45 (As of Dec. 2023)

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What is BOE Technology Group 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. BOE Technology Group Co's Revenue for the three months ended in Dec. 2023 was ¥48,028 Mil. BOE Technology Group Co's average Accounts Receivable for the three months ended in Dec. 2023 was ¥33,046 Mil. Hence, BOE Technology Group Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.45.

BOE Technology Group Co Receivables Turnover Historical Data

The historical data trend for BOE Technology Group 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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BOE Technology Group Co Receivables Turnover Chart

BOE Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.11

6.60

7.56

5.60

5.67

BOE Technology Group Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.64	1.43	1.61	1.54	1.45

Competitive Comparison of BOE Technology Group Co's Receivables Turnover

For the Electronic Components subindustry, BOE Technology Group 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.

BOE Technology Group Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, BOE Technology Group Co's Receivables Turnover distribution charts can be found below:

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

BOE Technology Group Co Receivables Turnover Calculation

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

BOE Technology Group 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 )
=	174543.446	/ (	(28203.648	+	33365.416)	/	2 )
=	174543.446	/	30784.532
=	5.67

BOE Technology Group Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	48028.373	/ (	(32727.497	+	33365.416)	/	2 )
=	48028.373	/	33046.4565
=	1.45

BOE Technology Group Co (SZSE:000725) 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.

BOE Technology Group Co Receivables Turnover Related Terms

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BOE Technology Group Co (SZSE:000725) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » BOE Technology Group Co Ltd (SZSE:000725) » Definitions » Receivables Turnover

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Traded in Other Exchanges

200725:China

Address

No. 10 Jiuxianqiao Road, Chaoyang District, Beijing, CHN, 100015

Website

https://www.boe.com

BOE Technology Group Co Ltd is an investment holding company. The reportable segments of the company are Display device business; Internet of things innovation business; Sensing business; MLED business; Smart medical and industrial business and others. It generates maximum revenue from Display device business segment. The Display business segment integrates design and manufacturing of display devices and strives to offer TFT-LCD, AMOLED, Microdisplay, and other intelligent interface devices, which develops a platform that integrates panels, modules, whole widget, and services.

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