Dalian Dalicap Technology Co (SZSE:301566) Receivables Turnover : 0.93 (As of Mar. 2024)

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What is Dalian Dalicap 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. Dalian Dalicap Technology Co's Revenue for the three months ended in Mar. 2024 was ¥80.5 Mil. Dalian Dalicap Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥86.1 Mil. Hence, Dalian Dalicap Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.93.

Dalian Dalicap Technology Co Receivables Turnover Historical Data

The historical data trend for Dalian Dalicap 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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Dalian Dalicap Technology Co Receivables Turnover Chart

Dalian Dalicap Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

2.89

3.64

5.60

6.99

4.50

Dalian Dalicap Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial									1.88	1.00	0.74	0.98	0.93

Competitive Comparison of Dalian Dalicap Technology Co's Receivables Turnover

For the Electronic Components subindustry, Dalian Dalicap 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.

Dalian Dalicap Technology Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Dalian Dalicap Technology Co's Receivables Turnover distribution charts can be found below:

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

Dalian Dalicap Technology Co Receivables Turnover Calculation

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

Dalian Dalicap 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 )
=	345.718	/ (	(71.631	+	82.146)	/	2 )
=	345.718	/	76.8885
=	4.50

Dalian Dalicap 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 )
=	80.47	/ (	(82.146	+	90.121)	/	2 )
=	80.47	/	86.1335
=	0.93

Dalian Dalicap Technology Co (SZSE:301566) 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.

Dalian Dalicap Technology Co Receivables Turnover Related Terms

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Dalian Dalicap Technology Co (SZSE:301566) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Dalian Dalicap Technology Co Ltd (SZSE:301566) » Definitions » Receivables Turnover

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Address

inyue Street, Dongjiagou Street, No. 21, Jinzhou District, Liaoning Province, Dalian City, CHN, 116630

Website

https://www.dalicap.com.cn

Dalian Dalicap Technology Co Ltd is engaged in research & development, manufacturing and sales of radio frequency microwave ceramic capacitors. Its products include RF/Microwave MLCC, especially in the fields of MRI, telecom infrastructure, RF power supply for semiconductor equipment, broadcasting, laser, testing and analyzing instruments etc.

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