GURUFOCUS.COM » STOCK LIST » Technology » Software » FinTech Chain Ltd (ASX:FTC) » Definitions » Receivables Turnover
中文

FinTech Chain (ASX:FTC) Receivables Turnover : 0.89 (As of Sep. 2023)


View and export this data going back to 2012. Start your Free Trial

What is FinTech Chain 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. FinTech Chain's Revenue for the six months ended in Sep. 2023 was A$4.69 Mil. FinTech Chain's average Accounts Receivable for the six months ended in Sep. 2023 was A$5.30 Mil. Hence, FinTech Chain's Receivables Turnover for the six months ended in Sep. 2023 was 0.89.

FinTech Chain Receivables Turnover Historical Data

The historical data trend for FinTech Chain'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.

* Premium members only.

FinTech Chain Receivables Turnover Chart

FinTech Chain Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.04 3.83 3.02 2.82 2.36

FinTech Chain Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 1.17 1.22 1.06 1.09 0.89

Competitive Comparison of FinTech Chain's Receivables Turnover

For the Software - Infrastructure subindustry, FinTech Chain'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.

FinTech Chain's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where FinTech Chain's Receivables Turnover falls into.


FinTech Chain Receivables Turnover Calculation

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

FinTech Chain's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Receivables Turnover (A: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2023 ) / ((Accounts Receivable (A: Mar. 2022 ) + Accounts Receivable (A: Mar. 2023 )) / count )
=12.692 / ((6.019 + 4.751) / 2 )
=12.692 / 5.385
=2.36

FinTech Chain's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

Receivables Turnover (Q: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2023 ) / ((Accounts Receivable (Q: Mar. 2023 ) + Accounts Receivable (Q: Sep. 2023 )) / count )
=4.687 / ((4.751 + 5.84) / 2 )
=4.687 / 5.2955
=0.89

* 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.

FinTech Chain  (ASX:FTC) 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.

FinTech Chain Receivables Turnover Related Terms

Thank you for viewing the detailed overview of FinTech Chain's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

FinTech Chain (ASX:FTC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » FinTech Chain Ltd (ASX:FTC) » Definitions » Receivables Turnover
Comparable Companies
ASX:KNO ASX:W2V ASX:EXT ASX:INP ASX:S3N ASX:GTH ASX:WHK ASX:EPX ASX:XPN ASX:ADS MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SPLK
Traded in Other Exchanges
N/A
Address
56 Dundas Street, Unit 1806, 18th Floor, Gala Place, Mongkok, Kowloon, Hong Kong, HKG
Website
https://www.ttg.hk
FinTech Chain Ltd is a provider of Integrated Payment Acquiring infrastructure for banks and Industry Application Solutions. Geographically, it derives a majority of its revenue from PRC. It serves banking, catering, department store, community, tourism, and retail industries. Its product portfolio includes Prepaid Cards, Integrated Payment Systems, POS P, BIN-Based Promotion Tools, Transaction E-Authentication, Digital Community Service, T-Linx Cloud Service, T-PAD, TL-008/009, and others. The company earns revenue from the provision of system development services; provision of information technology services; provision of point-of-sale machine services and the sale of point-of-sale machines.