Jilin Asia Link Technology Development Co (SZSE:002316) Receivables Turnover : 0.58 (As of Sep. 2024)

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What is Jilin Asia Link Technology Development 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. Jilin Asia Link Technology Development Co's Revenue for the three months ended in Sep. 2024 was ¥172.5 Mil. Jilin Asia Link Technology Development Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥296.9 Mil. Hence, Jilin Asia Link Technology Development Co's Receivables Turnover for the three months ended in Sep. 2024 was 0.58.

Jilin Asia Link Technology Development Co Receivables Turnover Historical Data

The historical data trend for Jilin Asia Link Technology Development 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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Jilin Asia Link Technology Development Co Receivables Turnover Chart

Jilin Asia Link Technology Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

8.49

9.26

6.37

5.49

2.10

Jilin Asia Link Technology Development Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															0.37	0.73	0.36	0.70	0.58

Competitive Comparison of Jilin Asia Link Technology Development Co's Receivables Turnover

For the Communication Equipment subindustry, Jilin Asia Link Technology Development 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.

Jilin Asia Link Technology Development Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Jilin Asia Link Technology Development Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jilin Asia Link Technology Development Co's Receivables Turnover falls into.

Jilin Asia Link Technology Development Co Receivables Turnover Calculation

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

Jilin Asia Link Technology Development 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 )
=	603.482	/ (	(314.806	+	260.844)	/	2 )
=	603.482	/	287.825
=	2.10

Jilin Asia Link Technology Development Co's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	172.534	/ (	(276.955	+	316.756)	/	2 )
=	172.534	/	296.8555
=	0.58

Jilin Asia Link Technology Development Co (SZSE:002316) 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.

Jilin Asia Link Technology Development Co Receivables Turnover Related Terms

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Jilin Asia Link Technology Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jilin Asia Link Technology Development Co Ltd (SZSE:002316) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Room 1205, Chuangye Building, High-tech Industrial Development Zone, Jilin Province, Liaoyuan, CHN, 518057

Website

http://www.asialink.com

Jilin Asia Link Technology Development Co Ltd is primarily involved in the financial technology business and private network communication technology solution business. The financial technology business segment is mainly engaged in third-party payment services, big data service business and financial business. The private network communication technology solution business mainly serves the energy and transportation industries, including the research and development, manufacturing and related technical services of related software and hardware products. Geographically, the activities are carried out through China.

Executives

Huang Xi Sheng	Director
Liu Hui	Director
Li Lin	Executives
Zhang Zhen Xin	Director
Yin Jian Feng	Director
Yang Jian Ping	Executives
Ye Qiong	Directors, executives
Yuan Xun Ming	Supervisors
Cheng Qi Bei	Executives
Wang Jian	Supervisors
Meng Ling Zhang	Directors, executives
Xia Ming Rong	Directors, executives
Zhuang Yan Zheng	Supervisors

Jilin Asia Link Technology Development Co Headlines

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