WCT (Wellchange Holdings Co) Receivables Turnover : 1.14 (As of Jun. 2024)

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What is Wellchange Holdings 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. Wellchange Holdings Co's Revenue for the six months ended in Jun. 2024 was $1.06 Mil. Wellchange Holdings Co's average Accounts Receivable for the six months ended in Jun. 2024 was $0.93 Mil. Hence, Wellchange Holdings Co's Receivables Turnover for the six months ended in Jun. 2024 was 1.14.

Wellchange Holdings Co Receivables Turnover Historical Data

The historical data trend for Wellchange Holdings 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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Wellchange Holdings Co Receivables Turnover Chart

Wellchange Holdings Co Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

4.70

17.68

6.50

Wellchange Holdings Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial			2.73	27.83	4.82	2.25	1.14

Competitive Comparison of Wellchange Holdings Co's Receivables Turnover

For the Software - Application subindustry, Wellchange Holdings 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.

Wellchange Holdings Co's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Wellchange Holdings Co's Receivables Turnover falls into.

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Wellchange Holdings Co Receivables Turnover Calculation

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

Wellchange Holdings 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 )
=	2.49	/ (	(0.046	+	0.72)	/	2 )
=	2.49	/	0.383
=	6.50

Wellchange Holdings 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: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	1.061	/ (	(0.72	+	1.139)	/	2 )
=	1.061	/	0.9295
=	1.14

Wellchange Holdings Co (NAS:WCT) 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.

Wellchange Holdings Co Receivables Turnover Related Terms

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Wellchange Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Wellchange Holdings Co Ltd (NAS:WCT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Cheung Yue Street, Unit E, 11/F, Billion Plaza II, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

https://www.wchingtech.com

Wellchange Holdings Co Ltd is an enterprise software solution services provider. It provides software solutions, cloud-based software-as-a-service (SaaS) platforms, and white-label software design and development services.