Chengdu XGimi Technology Co (SHSE:688696) Receivables Turnover : 6.47 (As of Dec. 2023)

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What is Chengdu XGimi Technology 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. Chengdu XGimi Technology Co's Revenue for the three months ended in Dec. 2023 was ¥1,135 Mil. Chengdu XGimi Technology Co's average Accounts Receivable for the three months ended in Dec. 2023 was ¥175 Mil. Hence, Chengdu XGimi Technology Co's Receivables Turnover for the three months ended in Dec. 2023 was 6.47.

Chengdu XGimi Technology Co Receivables Turnover Historical Data

The historical data trend for Chengdu XGimi Technology 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.

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Chengdu XGimi Technology Co Receivables Turnover Chart

Chengdu XGimi Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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19.62

24.86

51.97

20.52

13.15

Chengdu XGimi Technology Co Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															5.70	3.87	7.11	7.49	6.47

Competitive Comparison of Chengdu XGimi Technology Co's Receivables Turnover

For the Consumer Electronics subindustry, Chengdu XGimi Technology 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.

Chengdu XGimi Technology Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Chengdu XGimi Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Chengdu XGimi Technology Co's Receivables Turnover falls into.

Chengdu XGimi Technology Co Receivables Turnover Calculation

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

Chengdu XGimi Technology 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 )
=	3556.564	/ (	(324.803	+	216.187)	/	2 )
=	3556.564	/	270.495
=	13.15

Chengdu XGimi Technology 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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1134.78	/ (	(134.654	+	216.187)	/	2 )
=	1134.78	/	175.4205
=	6.47

Chengdu XGimi Technology Co (SHSE:688696) 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.

Chengdu XGimi Technology Co Receivables Turnover Related Terms

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Chengdu XGimi Technology Co (SHSE:688696) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chengdu XGimi Technology Co Ltd (SHSE:688696) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

1129 Century City Road, High-tech Zone, China (Sichuan) Pilot Free Trade Zone, No. 2, Floor 2, Unit 1, Building 4, Area A, Tianfu Software Park, Chengdu, CHN, 610000

Website

https://www.xgimi.com

Chengdu XGimi Technology Co Ltd is engaged in the designing and manufacturing of high-performance multi-functional smart projectors and laser TVs.

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