Thunder Software Technology Co (SZSE:300496) Receivables Turnover : 0.75 (As of Sep. 2024)

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What is Thunder Software 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. Thunder Software Technology Co's Revenue for the three months ended in Sep. 2024 was ¥1,294 Mil. Thunder Software Technology Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥1,727 Mil. Hence, Thunder Software Technology Co's Receivables Turnover for the three months ended in Sep. 2024 was 0.75.

Thunder Software Technology Co Receivables Turnover Historical Data

The historical data trend for Thunder Software 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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Thunder Software Technology Co Receivables Turnover Chart

Thunder Software Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.76

4.13

3.97

3.52

2.84

Thunder Software Technology Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															0.76	0.71	0.61	0.66	0.75

Competitive Comparison of Thunder Software Technology Co's Receivables Turnover

For the Software - Application subindustry, Thunder Software 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.

Thunder Software Technology Co's Receivables Turnover Distribution in the Software Industry

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

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

Thunder Software Technology Co Receivables Turnover Calculation

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

Thunder Software 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 )
=	5242.234	/ (	(1801.711	+	1888.06)	/	2 )
=	5242.234	/	1844.8855
=	2.84

Thunder Software Technology Co's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	1293.573	/ (	(1748.126	+	1706.575)	/	2 )
=	1293.573	/	1727.3505
=	0.75

Thunder Software Technology Co (SZSE:300496) 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.

Thunder Software Technology Co Receivables Turnover Related Terms

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Thunder Software Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Thunder Software Technology Co Ltd (SZSE:300496) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 9, Qinghua East Road, Chuangda Building, Building 3, Haidian District, Beijing, CHN, 100083

Website

https://www.thundersoft.com

Thunder Software Technology Co Ltd is a China-based smart device operating system and platform technology provider. It provides smart device operating system solutions to consumers as well as enterprises. The company offers solutions for smartphones, tablets, smart TVs, camera solutions, mobile device management systems, application development platforms, and mobile security solutions. In addition, it also offers services such as carrier certification, Android OS upgrade, application development and maintenance, OS customization, and others.

Executives

Zou Peng Cheng	Directors, executives
Sun Tao	Executives
Wang Huan Xin	Directors, Directors, and Executives
Zhao Hong Fei	Directors, executives
Deng Feng	Director
Chen Xiao Hua	Director
An Ran	Securities Affairs Representative
Wu Wen Guang	Supervisors
Ji Zhi Qiang	Supervisors
Wang Shan Shan	Securities Affairs Representative

Thunder Software Technology Co Headlines

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