Troy Information Technology Co (SZSE:300366) Receivables Turnover : 0.08 (As of Mar. 2024)

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What is Troy Information 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. Troy Information Technology Co's Revenue for the three months ended in Mar. 2024 was ¥95 Mil. Troy Information Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,166 Mil. Hence, Troy Information Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.08.

Troy Information Technology Co Receivables Turnover Historical Data

The historical data trend for Troy Information 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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Troy Information Technology Co Receivables Turnover Chart

Troy Information Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.51

1.45

1.42

1.46

1.22

Troy Information 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															0.26	0.23	0.25	0.56	0.08

Competitive Comparison of Troy Information Technology Co's Receivables Turnover

For the Software - Infrastructure subindustry, Troy Information 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.

Troy Information Technology Co's Receivables Turnover Distribution in the Software Industry

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

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

Troy Information Technology Co Receivables Turnover Calculation

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

Troy Information 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 )
=	1674.944	/ (	(1433.234	+	1303.626)	/	2 )
=	1674.944	/	1368.43
=	1.22

Troy Information 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 )
=	95.186	/ (	(1303.626	+	1027.989)	/	2 )
=	95.186	/	1165.8075
=	0.08

Troy Information Technology Co (SZSE:300366) 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.

Troy Information Technology Co Receivables Turnover Related Terms

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Troy Information Technology Co (SZSE:300366) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Troy Information Technology Co Ltd (SZSE:300366) » Definitions » Receivables Turnover

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Address

No. 28, Xixin Avenue, High-tech Zone, Gaoxin West District, Chengdu, CHN, 611731

Website

https://www.troy.cn

Troy Information Technology Co Ltd is a Chinese technical service provider for telecom operators. Its product technologies include big data, Cloud computing, and Wisdom. Its big data products include enterprise-level big data platform, big data business model platform, big data processing platform, and big data capability sharing platform.

Executives

Wang Xiao Wei	Director
Li Jing	Directors, executives
Du Guang Xiang	Directors, executives
Lu Wen Bin	Director
He Wen Jiang	Directors, executives
Liu Jie	Executives
Wang Xiao Ming	Director
Wang Yong	Supervisors
Lei Li	Directors, executives
Zhou Xue Jun	Director
Gu Hong Bin	Executives

Troy Information Technology Co (SZSE:300366) Headlines

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