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. QDM International's Revenue for the
three
months ended in Dec. 2023 was $1.01 Mil. QDM International's average Accounts Receivable for the
three
months ended in Dec. 2023 was $0.10 Mil.
Hence, QDM International's Receivables Turnover for the
three
months ended in Dec. 2023 was 9.76.
QDM International Receivables Turnover Historical Data
The historical data trend for QDM 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.
Competitive Comparison of QDM International's Receivables Turnover
For the Insurance Brokers subindustry, QDM 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.
QDM International's Receivables Turnover Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, QDM International's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where QDM International's Receivables Turnover falls into.
QDM International Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
QDM International's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as
* 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.
QDM International (OTCPK:QDMI) 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.
QDM International Receivables Turnover Related Terms
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QDM International (QDM International) Business Description
QDM International Inc is an insurance brokerage company operating in Hong Kong. The company sells a wide range of insurance products, consisting of two main categories: life and medical insurance, such as individual life insurance; and general insurance, such as automobile insurance, commercial property insurance, liability insurance, and homeowner insurance. In addition, as a Mandatory Provident Fund Intermediary, it also provides customers with assistance on account opening and related services under the MPF and the Occupational Retirement Schemes Ordinance schemes, both of which are mandatory retirement protection schemes set up for employees who are Hong Kong residents.
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