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Jiangsu Yitong High-Tech Co (SZSE:300211) Receivables Turnover : 0.56 (As of Mar. 2024)


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What is Jiangsu Yitong High-Tech 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. Jiangsu Yitong High-Tech Co's Revenue for the three months ended in Mar. 2024 was ¥17.5 Mil. Jiangsu Yitong High-Tech Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥31.4 Mil. Hence, Jiangsu Yitong High-Tech Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.56.


Jiangsu Yitong High-Tech Co Receivables Turnover Historical Data

The historical data trend for Jiangsu Yitong High-Tech 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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Jiangsu Yitong High-Tech Co Receivables Turnover Chart

Jiangsu Yitong High-Tech Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.54 2.20 3.74 3.94 3.64

Jiangsu Yitong High-Tech 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.68 0.99 0.83 0.74 0.56

Competitive Comparison of Jiangsu Yitong High-Tech Co's Receivables Turnover

For the Communication Equipment subindustry, Jiangsu Yitong High-Tech 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.


Jiangsu Yitong High-Tech Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Jiangsu Yitong High-Tech Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jiangsu Yitong High-Tech Co's Receivables Turnover falls into.



Jiangsu Yitong High-Tech Co Receivables Turnover Calculation

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

Jiangsu Yitong High-Tech 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 )
=182.22 / ((67.268 + 32.891) / 2 )
=182.22 / 50.0795
=3.64

Jiangsu Yitong High-Tech 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 )
=17.51 / ((32.891 + 29.838) / 2 )
=17.51 / 31.3645
=0.56

* 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.


Jiangsu Yitong High-Tech Co  (SZSE:300211) 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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Jiangsu Yitong High-Tech Co (SZSE:300211) Business Description

Traded in Other Exchanges
N/A
Address
No. 28 Tonglin Road, Jiangsu Province, Changshu, CHN, 215500
Jiangsu Yitong High-Tech Co Ltd researches, develops, manufactures and sells television broadcast equipment. Its products include cable TV network transmission equipment and digital television receiving equipment terminals.
Executives
Huang Wei Dong Supervisors
Chen Xiao Gang Executives
Chen Xiao Xing Directors, executives
Yin Li Supervisors, securities affairs representatives
Shen Qing Yuan Executives
Ma Xiao Dong Directors, executives
Gu Jian Jiang Supervisors
Wang Gui Zhen Secretary, Director
Zou Jian Cai Executives

Jiangsu Yitong High-Tech Co (SZSE:300211) Headlines

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