Joyware Electronics Co (SZSE:300270) Receivables Turnover : 0.24 (As of Dec. 2024)

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What is Joyware Electronics 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. Joyware Electronics Co's Revenue for the three months ended in Dec. 2024 was ¥74.0 Mil. Joyware Electronics Co's average Accounts Receivable for the three months ended in Dec. 2024 was ¥310.4 Mil. Hence, Joyware Electronics Co's Receivables Turnover for the three months ended in Dec. 2024 was 0.24.

Joyware Electronics Co Receivables Turnover Historical Data

The historical data trend for Joyware Electronics 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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Joyware Electronics Co Receivables Turnover Chart

Joyware Electronics Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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0.52

0.67

1.00

0.42

0.54

Joyware Electronics Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															0.12	0.08	0.12	0.13	0.24

Competitive Comparison of Joyware Electronics Co's Receivables Turnover

For the Security & Protection Services subindustry, Joyware Electronics 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.

Joyware Electronics Co's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Joyware Electronics Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Joyware Electronics Co's Receivables Turnover falls into.

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Joyware Electronics Co Receivables Turnover Calculation

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

Joyware Electronics Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	182.519	/ (	(346.779	+	327.748)	/	2 )
=	182.519	/	337.2635
=	0.54

Joyware Electronics Co's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	74.009	/ (	(293.102	+	327.748)	/	2 )
=	74.009	/	310.425
=	0.24

Joyware Electronics Co (SZSE:300270) 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.

Joyware Electronics Co Receivables Turnover Related Terms

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Joyware Electronics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Joyware Electronics Co Ltd (SZSE:300270) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No.1819 Xixing Road, 19th, Joyware Building, Hangzhou, CHN, 310051

Website

http://www.joyware.com

Joyware Electronics Co Ltd is a Chinese company engaged in providing digital video network monitoring solutions for highways, financial centers, safe cities, boutiques, supermarkets, and apartments. Its products include dome cameras, bullet cameras, fisheye cameras, PTZ cameras, license cameras, and starlight cameras; industrial Ethernet switches, optical transceivers, and wireless products; and storage products, such as NVR and DVR products. In addition, the company also offers OEM and ODM service to various security product companies. The company sells its products in China and other international countries.

Executives

Sun Lin	Secretary Dong
Shi Xu Gang	Director
Zhu Wei Ping	Directors, executives
Shi Gu Chen	Director
Hu Zhi Shui	Executives
Xu Zao Jin	Directors, executives
Zhu Guang Xin	Executives
He Shan Shan	Director
Zhu Dong Yu	Supervisors
Zhang Liang Zhong	Directors, Directors, and Executives

Joyware Electronics Co Headlines

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