Chinasoft International (HKSE:00354) Receivables Turnover : 1.32 (As of Dec. 2023)

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What is Chinasoft International 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. Chinasoft International's Revenue for the six months ended in Dec. 2023 was HK$9,480 Mil. Chinasoft International's average Accounts Receivable for the six months ended in Dec. 2023 was HK$7,202 Mil. Hence, Chinasoft International's Receivables Turnover for the six months ended in Dec. 2023 was 1.32.

Chinasoft International Receivables Turnover Historical Data

The historical data trend for Chinasoft International'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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Chinasoft International Receivables Turnover Chart

Chinasoft International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.29

3.99

3.91

3.36

2.77

Chinasoft International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.89	1.61	1.49	1.26	1.32

Competitive Comparison of Chinasoft International's Receivables Turnover

For the Information Technology Services subindustry, Chinasoft International'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.

Chinasoft International's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Chinasoft International's Receivables Turnover falls into.

Chinasoft International Receivables Turnover Calculation

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

Chinasoft International'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 )
=	18722.097	/ (	(6875.102	+	6663.188)	/	2 )
=	18722.097	/	6769.145
=	2.77

Chinasoft International's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	9479.6	/ (	(7741.542	+	6663.188)	/	2 )
=	9479.6	/	7202.365
=	1.32

Chinasoft International (HKSE:00354) 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.

Chinasoft International Receivables Turnover Related Terms

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Chinasoft International (HKSE:00354) Business Description

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CFTLF:USA

Address

No. 2 Kexuiyuan South Road, North Wing, 12th Floor, Raycom Infotech Park, Tower C, Haidian District, Zhongguancun, Beijing, CHN, 100190

Website

https://www.chinasofti.com

Chinasoft International Ltd is a technology software and information technology service enterprise. It provides end-to-end IT software, solutions, and services to global clients and has extensive experience in consulting, design, implementation, and services in digital applications of new technologies such as cloud computing, artificial intelligence, big data, the Internet of Things, and 5G, fully supporting clients' digital transformation. It has two segments: The Technical professional services group segment provides services that include business and IT consulting, application development, system integration, product engineering, and enterprise management. The Internet IT services group segment provides cloud-based consulting services.

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