Delton Technology (Guangzhou) (SZSE:001389) Receivables Turnover : 0.94 (As of Mar. 2024)

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What is Delton Technology (Guangzhou) 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. Delton Technology (Guangzhou)'s Revenue for the three months ended in Mar. 2024 was ¥784 Mil. Delton Technology (Guangzhou)'s average Accounts Receivable for the three months ended in Mar. 2024 was ¥838 Mil. Hence, Delton Technology (Guangzhou)'s Receivables Turnover for the three months ended in Mar. 2024 was 0.94.

Delton Technology (Guangzhou) Receivables Turnover Historical Data

The historical data trend for Delton Technology (Guangzhou)'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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Delton Technology (Guangzhou) Receivables Turnover Chart

Delton Technology (Guangzhou) Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.12

3.50

3.57

3.69

3.71

Delton Technology (Guangzhou) Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial										0.87	0.84	1.02	0.85	0.94

Competitive Comparison of Delton Technology (Guangzhou)'s Receivables Turnover

For the Electronic Components subindustry, Delton Technology (Guangzhou)'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.

Delton Technology (Guangzhou)'s Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Delton Technology (Guangzhou)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Delton Technology (Guangzhou)'s Receivables Turnover falls into.

Delton Technology (Guangzhou) Receivables Turnover Calculation

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

Delton Technology (Guangzhou)'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 )
=	2678.27	/ (	(602.834	+	839.679)	/	2 )
=	2678.27	/	721.2565
=	3.71

Delton Technology (Guangzhou)'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 )
=	784.358	/ (	(839.679	+	835.768)	/	2 )
=	784.358	/	837.7235
=	0.94

Delton Technology (Guangzhou) (SZSE:001389) 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.

Delton Technology (Guangzhou) Receivables Turnover Related Terms

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Delton Technology (Guangzhou) (SZSE:001389) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Delton Technology (Guangzhou) Inc (SZSE:001389) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

No. 22 Baoying South Road, Guangzhou Free Trade Zone, Guangdong Province, Guangzhou, CHN, 510730

Website

http://www.delton.com.cn

Delton Technology (Guangzhou) Inc is engaged in research & development, production and sales of printed circuit boards. Its products are mainly used in data center, cloud computing, industrial Internet, artificial intelligence, 5G communication, automotive electronics, security and printing and other terminal fields.

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