Hangzhou Gisway Information Technology Co (SZSE:301390) Receivables Turnover : 0.41 (As of Jun. 2024)

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What is Hangzhou Gisway 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. Hangzhou Gisway Information Technology Co's Revenue for the three months ended in Jun. 2024 was ¥150.6 Mil. Hangzhou Gisway Information Technology Co's average Accounts Receivable for the three months ended in Jun. 2024 was ¥366.1 Mil. Hence, Hangzhou Gisway Information Technology Co's Receivables Turnover for the three months ended in Jun. 2024 was 0.41.

Hangzhou Gisway Information Technology Co Receivables Turnover Historical Data

The historical data trend for Hangzhou Gisway 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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Hangzhou Gisway Information Technology Co Receivables Turnover Chart

Hangzhou Gisway Information Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

2.70

2.10

1.60

1.51

Hangzhou Gisway Information Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial											0.42	0.33	0.59	0.14	0.41

Competitive Comparison of Hangzhou Gisway Information Technology Co's Receivables Turnover

For the Information Technology Services subindustry, Hangzhou Gisway 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.

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

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

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

Hangzhou Gisway Information Technology Co Receivables Turnover Calculation

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

Hangzhou Gisway 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 )
=	514.505	/ (	(327.662	+	352.982)	/	2 )
=	514.505	/	340.322
=	1.51

Hangzhou Gisway Information 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 )
=	150.638	/ (	(341.442	+	390.835)	/	2 )
=	150.638	/	366.1385
=	0.41

Hangzhou Gisway Information Technology Co (SZSE:301390) 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.

Hangzhou Gisway Information Technology Co Receivables Turnover Related Terms

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Hangzhou Gisway Information Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hangzhou Gisway Information Technology Co Ltd (SZSE:301390) » Definitions » Receivables Turnover

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Address

No. 1899, Gudun Road, Room 626-628, 6th Floor, Building A1, Liangzhu, Yuhang District, Zhejiang Province, Hangzhou, CHN, 311100

Website

https://www.gisway.com.cn

Hangzhou Gisway Information Technology Co Ltd mainly provides integrated power technology services such as power engineering consulting design, construction, operation and maintenance, energy saving, and electricity sales for customers such as power grids and affiliated enterprises, government agencies, and industrial and commercial enterprises. The company's business segment includes 3DGIS Smart Service, Power Integration Service, and Integrated Energy Services.

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