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Bright Oceans Inter-Telecom (SHSE:600289) Receivables Turnover : 0.41 (As of Sep. 2023)


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What is Bright Oceans Inter-Telecom 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. Bright Oceans Inter-Telecom's Revenue for the three months ended in Sep. 2023 was ¥40.7 Mil. Bright Oceans Inter-Telecom's average Accounts Receivable for the three months ended in Sep. 2023 was ¥98.6 Mil. Hence, Bright Oceans Inter-Telecom's Receivables Turnover for the three months ended in Sep. 2023 was 0.41.


Bright Oceans Inter-Telecom Receivables Turnover Historical Data

The historical data trend for Bright Oceans Inter-Telecom'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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Bright Oceans Inter-Telecom Receivables Turnover Chart

Bright Oceans Inter-Telecom Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.42 1.73 1.58 1.24 1.28

Bright Oceans Inter-Telecom Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 0.19 0.61 0.35 0.44 0.41

Competitive Comparison of Bright Oceans Inter-Telecom's Receivables Turnover

For the Software - Application subindustry, Bright Oceans Inter-Telecom'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.


Bright Oceans Inter-Telecom's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Bright Oceans Inter-Telecom's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Bright Oceans Inter-Telecom's Receivables Turnover falls into.



Bright Oceans Inter-Telecom Receivables Turnover Calculation

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

Bright Oceans Inter-Telecom's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=261.345 / ((265.559 + 143.383) / 2 )
=261.345 / 204.471
=1.28

Bright Oceans Inter-Telecom'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: Jun. 2023 ) + Accounts Receivable (Q: Sep. 2023 )) / count )
=40.65 / ((98.918 + 98.325) / 2 )
=40.65 / 98.6215
=0.41

* 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.


Bright Oceans Inter-Telecom  (SHSE:600289) 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.


Bright Oceans Inter-Telecom Receivables Turnover Related Terms

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Bright Oceans Inter-Telecom (SHSE:600289) Business Description

Traded in Other Exchanges
N/A
Address
No. 130 Liang Jia Dian, Yi Yang Tower, Haidian District, Beijing, Beijing, CHN, 100036
Bright Oceans Inter-Telecom Corp is a Chinese company engaged in four industries: telecommunication, transportation, energy and capital investment.

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