Sichuan Jiuyuan Yinhai Software Co (SZSE:002777) Receivables Turnover : 0.34 (As of Jun. 2024)

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What is Sichuan Jiuyuan Yinhai Software 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. Sichuan Jiuyuan Yinhai Software Co's Revenue for the three months ended in Jun. 2024 was ¥199 Mil. Sichuan Jiuyuan Yinhai Software Co's average Accounts Receivable for the three months ended in Jun. 2024 was ¥578 Mil. Hence, Sichuan Jiuyuan Yinhai Software Co's Receivables Turnover for the three months ended in Jun. 2024 was 0.34.

Sichuan Jiuyuan Yinhai Software Co Receivables Turnover Historical Data

The historical data trend for Sichuan Jiuyuan Yinhai Software 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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Sichuan Jiuyuan Yinhai Software Co Receivables Turnover Chart

Sichuan Jiuyuan Yinhai Software Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.88

4.07

3.46

2.73

2.41

Sichuan Jiuyuan Yinhai Software Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial															0.62	0.52	0.95	0.33	0.34

Competitive Comparison of Sichuan Jiuyuan Yinhai Software Co's Receivables Turnover

For the Software - Application subindustry, Sichuan Jiuyuan Yinhai Software 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.

Sichuan Jiuyuan Yinhai Software Co's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Sichuan Jiuyuan Yinhai Software Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sichuan Jiuyuan Yinhai Software Co's Receivables Turnover falls into.

Sichuan Jiuyuan Yinhai Software Co Receivables Turnover Calculation

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

Sichuan Jiuyuan Yinhai Software 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 )
=	1346.854	/ (	(521.235	+	596.212)	/	2 )
=	1346.854	/	558.7235
=	2.41

Sichuan Jiuyuan Yinhai Software Co's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	199.11	/ (	(595.367	+	559.937)	/	2 )
=	199.11	/	577.652
=	0.34

Sichuan Jiuyuan Yinhai Software Co (SZSE:002777) 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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Sichuan Jiuyuan Yinhai Software Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sichuan Jiuyuan Yinhai Software Co Ltd (SZSE:002777) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sansui Road, Building 2, No. 3, Yinhai Core Block, No. 163, High-tech Zone, Jinjiang District, Chengdu, CHN, 610063

Website

http://www.yinhai.com

Sichuan Jiuyuan Yinhai Software Co Ltd provides enterprise application software solutions and integrated services for livelihood and defense industries. The company's businesses and products coverage of human resources and social security, medical hygiene, provident fund, civil affairs, food and drug supervision, smart city, military and civilian products, and digital military.

Executives

Jiang Hong	Executives
Zhan Kai Ming	Executives
Yang Cheng Wen	Directors, executives
Lian Chun Hua	Directors, executives
Qiao Deng Jian	Executives
Zhang Wei	Executives
Zhou Kai	Supervisors
Huang Dan	Supervisors
Li Hui Xia	Director
Wang Zu	Executives
Tian Zhi Yong	Executives
Dan Wei Min	Executives
Di Jun Zi	Executives
Cheng Shu Zhong	Supervisors
Hou Chun Mei	Supervisors

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