Shenzhen Fenda Technology Co (SZSE:002681) Receivables Turnover : 1.34 (As of Mar. 2024)

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What is Shenzhen Fenda 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 Fenda Technology Co's Revenue for the three months ended in Mar. 2024 was ¥656 Mil. Shenzhen Fenda Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥488 Mil. Hence, Shenzhen Fenda Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.34.

Shenzhen Fenda Technology Co Receivables Turnover Historical Data

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

Shenzhen Fenda Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.60

3.97

5.05

5.18

7.91

Shenzhen Fenda Technology Co Quarterly Data
	Jun19	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															1.67	1.79	1.58	1.07	1.34

Competitive Comparison of Shenzhen Fenda Technology Co's Receivables Turnover

For the Consumer Electronics subindustry, Shenzhen Fenda 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 Fenda Technology Co's Receivables Turnover Distribution in the Hardware Industry

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

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

Shenzhen Fenda Technology Co Receivables Turnover Calculation

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

Shenzhen Fenda 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 )
=	2890.85	/ (	(318.086	+	412.623)	/	2 )
=	2890.85	/	365.3545
=	7.91

Shenzhen Fenda 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 )
=	655.75	/ (	(412.623	+	564.172)	/	2 )
=	655.75	/	488.3975
=	1.34

Shenzhen Fenda Technology Co (SZSE:002681) 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.

Shenzhen Fenda Technology Co Receivables Turnover Related Terms

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Shenzhen Fenda Technology Co (SZSE:002681) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Fenda Technology Co Ltd (SZSE:002681) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Zhoushi Road, Fenda Hi-Tech Park, Shiyan, Baoan district, Shenzhen, CHN, 518108

Website

http://www.fenda.com

Shenzhen Fenda Technology Co Ltd is a China-based company engaged in the designs and manufacturing of audio and electro-acoustic devices for global consumers. It offers hardware and integrated solutions to provide services for software development, hardware design, and cloud technology. The product portfolio of the company includes speakers, headphones and other related accessories.

Executives

Xiao Xiao	Directors, executives
Xiao Fen	Director
Guo Xue Song	Supervisors
Xiao Yong	Directors, executives
Ceng Xiu Qing	Supervisors
Dong Xiao Lin	Director
Huang Han Long	Supervisors
Wen Zhong Ze	Directors, executives
Xie Yu Ping	Secretary, Director
Zhou Gui Qing	Securities Affairs Representative
Wang Ze Qi	Directors, executives

Shenzhen Fenda Technology Co (SZSE:002681) Headlines

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