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Flaircomm Microelectronics (SZSE:301600) Receivables Turnover : 1.17 (As of Sep. 2024)


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What is Flaircomm Microelectronics 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. Flaircomm Microelectronics's Revenue for the three months ended in Sep. 2024 was ¥305.0 Mil. Flaircomm Microelectronics's average Accounts Receivable for the three months ended in Sep. 2024 was ¥260.2 Mil. Hence, Flaircomm Microelectronics's Receivables Turnover for the three months ended in Sep. 2024 was 1.17.


Flaircomm Microelectronics Receivables Turnover Historical Data

The historical data trend for Flaircomm Microelectronics'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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Flaircomm Microelectronics Receivables Turnover Chart

Flaircomm Microelectronics Annual Data
Trend Dec12 Dec13 Dec14 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.65 3.69 5.19 3.67 4.53

Flaircomm Microelectronics Quarterly Data
Jun14 Sep14 Dec14 Jun15 Dec17 Dec18 Dec19 Mar20 Dec20 Dec21 Mar22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 1.30 0.92 1.08 1.17

Competitive Comparison of Flaircomm Microelectronics's Receivables Turnover

For the Electronic Components subindustry, Flaircomm Microelectronics'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.


Flaircomm Microelectronics's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Flaircomm Microelectronics's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Flaircomm Microelectronics's Receivables Turnover falls into.



Flaircomm Microelectronics Receivables Turnover Calculation

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

Flaircomm Microelectronics'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 )
=813.142 / ((157.969 + 200.974) / 2 )
=813.142 / 179.4715
=4.53

Flaircomm Microelectronics'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 )
=305.007 / ((225.755 + 294.604) / 2 )
=305.007 / 260.1795
=1.17

* 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.


Flaircomm Microelectronics  (SZSE:301600) 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.


Flaircomm Microelectronics Receivables Turnover Related Terms

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Flaircomm Microelectronics Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 116, Jiangbin East Avenue, 5th Floor, Building 1, Mawei District, Fujian Province, Fuzhou, CHN, 350015
Flaircomm Microelectronics Inc is engaged in research & development, production and sales of intelligent terminals for the Internet of Vehicles and intelligent modules for the Internet of Things.

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