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. Borqs Technologies's Revenue for the
six
months ended in Jun. 2023 was $14.99 Mil. Borqs Technologies's average Accounts Receivable for the
six
months ended in Jun. 2023 was $2.24 Mil.
Hence, Borqs Technologies's Receivables Turnover for the
six
months ended in Jun. 2023 was 6.69.
Borqs Technologies Receivables Turnover Historical Data
The historical data trend for Borqs Technologies'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.
Competitive Comparison of Borqs Technologies's Receivables Turnover
For the Software - Application subindustry, Borqs Technologies'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.
Borqs Technologies's Receivables Turnover Distribution in the Software Industry
For the Software industry and Technology sector, Borqs Technologies's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Borqs Technologies's Receivables Turnover falls into.
* 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.
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.
Borqs Technologies Receivables Turnover Related Terms
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Borqs Technologies (Borqs Technologies) Business Description
Borqs Technologies Inc operates as a software development company. It is engaged in software, development services, and products providing customizable, differentiated, and scalable Android-based smart connected devices and cloud service solutions. The company's segment include Connected Solutions. Borqs derives most of its revenues from its Connected Solution which includes Software and Hardware. Its geographical segments include China, India, the United States, and the Rest of the World.
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