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Shenzhen Techwinsemi Technology Co (SZSE:001309) Receivables Turnover : 2.47 (As of Mar. 2024)


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What is Shenzhen Techwinsemi 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. Shenzhen Techwinsemi Technology Co's Revenue for the three months ended in Mar. 2024 was ¥811 Mil. Shenzhen Techwinsemi Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥328 Mil. Hence, Shenzhen Techwinsemi Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.47.


Shenzhen Techwinsemi Technology Co Receivables Turnover Historical Data

The historical data trend for Shenzhen Techwinsemi 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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Shenzhen Techwinsemi Technology Co Receivables Turnover Chart

Shenzhen Techwinsemi Technology Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 8.40 7.56 8.04 4.37 4.33

Shenzhen Techwinsemi Technology Co Quarterly Data
Dec17 Dec18 Dec19 Jun20 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 0.88 0.93 1.08 1.98 2.47

Competitive Comparison of Shenzhen Techwinsemi Technology Co's Receivables Turnover

For the Semiconductors subindustry, Shenzhen Techwinsemi 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.


Shenzhen Techwinsemi Technology Co's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Shenzhen Techwinsemi Technology Co's Receivables Turnover distribution charts can be found below:

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



Shenzhen Techwinsemi Technology Co Receivables Turnover Calculation

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

Shenzhen Techwinsemi Technology 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 )
=1775.913 / ((398.157 + 422.644) / 2 )
=1775.913 / 410.4005
=4.33

Shenzhen Techwinsemi Technology 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 )
=810.87 / ((422.644 + 232.991) / 2 )
=810.87 / 327.8175
=2.47

* 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.


Shenzhen Techwinsemi Technology Co  (SZSE:001309) 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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Shenzhen Techwinsemi Technology Co (SZSE:001309) Business Description

Traded in Other Exchanges
N/A
Address
No. 136, Zhongkang Road, Meilin Street, Room 2501, 2401, Block A, Building 1, Meidu Community, Shenzhen New Generation Industrial Park, Futian District, Guangdong Province, Shenzhen, CHN, 518000
Website
Shenzhen Techwinsemi Technology Co Ltd is engaged in the design, research and development of integrated circuits and industrial applications.

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