Tansun Technology Co (SZSE:300872) Receivables Turnover : 0.28 (As of Jun. 2024)

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What is Tansun 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. Tansun Technology Co's Revenue for the three months ended in Jun. 2024 was ¥441 Mil. Tansun Technology Co's average Accounts Receivable for the three months ended in Jun. 2024 was ¥1,548 Mil. Hence, Tansun Technology Co's Receivables Turnover for the three months ended in Jun. 2024 was 0.28.

Tansun Technology Co Receivables Turnover Historical Data

The historical data trend for Tansun 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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Tansun Technology Co Receivables Turnover Chart

Tansun Technology Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.76

1.74

1.64

1.42

1.38

Tansun Technology Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial															0.29	0.31	0.35	0.35	0.28

Competitive Comparison of Tansun Technology Co's Receivables Turnover

For the Information Technology Services subindustry, Tansun 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.

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

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

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

Tansun Technology Co Receivables Turnover Calculation

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

Tansun 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 )
=	1935.802	/ (	(1536.902	+	1270.126)	/	2 )
=	1935.802	/	1403.514
=	1.38

Tansun Technology Co's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	440.877	/ (	(1543.49	+	1552.443)	/	2 )
=	440.877	/	1547.9665
=	0.28

Tansun Technology Co (SZSE:300872) 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.

Tansun Technology Co Receivables Turnover Related Terms

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Tansun Technology Co Business Description

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Address

No. 7 Linqionggang East 1st Road, Room 608, Block A, Tibet Xixin Trading Co., Ltd, Lhasa Economic and Technological Development Zone, Tibet Autonomous Region, Lhasa, CHN, 850000

Website

http://www.tansun.com.cn

Tansun Technology Co Ltd is engaged in independent research and development of core technologies and products, focusing on customer assets (credit, transaction banking and supply chain finance), risk management, core business systems. The company is focused on providing long-term IT solutions and services for financial industry customers, including central banks, political banks, state-owned banks, joint-stock banks, local commercial banks, and non-banking financial institutions. Its services include consulting and testing services.

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