Beijing Ultrapower Software Co (SZSE:300002) Receivables Turnover : 1.90 (As of Mar. 2024)

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What is Beijing Ultrapower 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. Beijing Ultrapower Software Co's Revenue for the three months ended in Mar. 2024 was ¥1,488 Mil. Beijing Ultrapower Software Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥782 Mil. Hence, Beijing Ultrapower Software Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.90.

Beijing Ultrapower Software Co Receivables Turnover Historical Data

The historical data trend for Beijing Ultrapower 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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Beijing Ultrapower Software Co Receivables Turnover Chart

Beijing Ultrapower Software Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.99

5.61

6.25

7.06

8.37

Beijing Ultrapower Software 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															1.99	2.34	2.28	2.70	1.90

Competitive Comparison of Beijing Ultrapower Software Co's Receivables Turnover

For the Software - Application subindustry, Beijing Ultrapower 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.

Beijing Ultrapower Software Co's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Beijing Ultrapower Software Co's Receivables Turnover falls into.

Beijing Ultrapower Software Co Receivables Turnover Calculation

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

Beijing Ultrapower 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 )
=	5962.244	/ (	(613.369	+	811.608)	/	2 )
=	5962.244	/	712.4885
=	8.37

Beijing Ultrapower Software 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 )
=	1488.183	/ (	(811.608	+	751.761)	/	2 )
=	1488.183	/	781.6845
=	1.90

Beijing Ultrapower Software Co (SZSE:300002) 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.

Beijing Ultrapower Software Co Receivables Turnover Related Terms

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Beijing Ultrapower Software Co (SZSE:300002) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing Ultrapower Software Co Ltd (SZSE:300002) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building 1 on the 13th Academy Building, Beiyuan, Chaoyang District, 22 North Star Taiyue, Beijing, CHN, 100107

Website

http://www.ultrapower.com.cn

Beijing Ultrapower Software Co Ltd is an IT operations and maintenance service provider in China. It offers enterprise-oriented IT consulting, solutions, software products, and project implementing and operation services. The company focuses on the use of information technology to promote industrial development and social progress and improve people's work and life quality.

Executives

Wang Ning	Director
Hu Jia Ming	Directors, Directors, and Executives
Li Li	Director
Di Yi Bing	Directors, executives
Gao Feng	Executives
Huang Song Lang	Director
Zhang Qian Shan	Directors, executives
Mao Da Wei	Directors, executives
Hao Yan	Supervisors
Liang De Xing	Executives
Zhu Jian Song	Executives
Wan Neng	Directors, executives
Qi Qiang	Director
Xu Peng	Executives
Xu Si Ping	Director

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