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Q Technology (Group) Co (HKSE:01478) Receivables Turnover : 2.08 (As of Dec. 2023)


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What is Q Technology (Group) 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. Q Technology (Group) Co's Revenue for the six months ended in Dec. 2023 was HK$7,716 Mil. Q Technology (Group) Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$3,711 Mil. Hence, Q Technology (Group) Co's Receivables Turnover for the six months ended in Dec. 2023 was 2.08.

Q Technology (Group) Co Receivables Turnover Historical Data

The historical data trend for Q Technology (Group) 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.

* Premium members only.

Q Technology (Group) Co Receivables Turnover Chart

Q Technology (Group) Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.43 4.41 4.95 3.46 3.46

Q Technology (Group) Co 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 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 2.22 1.87 2.02 1.75 2.08

Competitive Comparison of Q Technology (Group) Co's Receivables Turnover

For the Electronic Components subindustry, Q Technology (Group) 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.

Q Technology (Group) Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Q Technology (Group) Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Q Technology (Group) Co's Receivables Turnover falls into.


Q Technology (Group) Co Receivables Turnover Calculation

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

Q Technology (Group) 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 )
=13705.923 / ((3682.748 + 4247.065) / 2 )
=13705.923 / 3964.9065
=3.46

Q Technology (Group) Co'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 )
=7715.796 / ((3175.012 + 4247.065) / 2 )
=7715.796 / 3711.0385
=2.08

* 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.

Q Technology (Group) Co  (HKSE:01478) 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.

Q Technology (Group) Co Receivables Turnover Related Terms

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Q Technology (Group) Co (HKSE:01478) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Q Technology (Group) Co Ltd (HKSE:01478) » Definitions » Receivables Turnover
Comparable Companies
HKSE:00710 HKSE:00259 HKSE:00732 HKSE:00580 HKSE:06088 HKSE:00031 HKSE:00698 HKSE:00040 HKSE:00334 HKSE:00532 APH TPE:2317 TEL SZSE:002475 TSE:6981 TPE:2308 GLW XKRX:006400 SZSE:000725 JBL
Traded in Other Exchanges
N/A
Address
No. 3 Taihong Road, Hi-tech Industry Park, Jiangsu Province, Kunshan, CHN
Website
http://www.qtechglobal.com
Q Technology is engaged in the design, research and development, manufacture, and sales of camera modules and fingerprint recognition modules. It is the third-largest supplier in China and mainly supplies domestic firms. Camera modules account for most of the company's revenue and are primarily used in smartphone cameras. Other camera modules are used in drones, virtual and augmented reality headsets, and automobiles. The company also supplies 3D modules, underglass, and capacitive fingerprint recognition modules, mainly used in smartphones. It employed 7,212 employees as of June 30.

Q Technology (Group) Co (HKSE:01478) Headlines

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