Wingtech Technology Co (SHSE:600745) Receivables Turnover : 1.69 (As of Mar. 2024)

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What is Wingtech 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. Wingtech Technology Co's Revenue for the three months ended in Mar. 2024 was ¥16,247 Mil. Wingtech Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥9,602 Mil. Hence, Wingtech Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.69.

Wingtech Technology Co Receivables Turnover Historical Data

The historical data trend for Wingtech 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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Wingtech Technology Co Receivables Turnover Chart

Wingtech Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.07

5.75

6.71

6.61

7.04

Wingtech Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.73	1.68	1.76	1.96	1.69

Competitive Comparison of Wingtech Technology Co's Receivables Turnover

For the Communication Equipment subindustry, Wingtech 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.

Wingtech Technology Co's Receivables Turnover Distribution in the Hardware Industry

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

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

Wingtech Technology Co Receivables Turnover Calculation

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

Wingtech 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 )
=	61212.801	/ (	(8270.298	+	9109.191)	/	2 )
=	61212.801	/	8689.7445
=	7.04

Wingtech Technology Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	16247.232	/ (	(9109.191	+	10094.109)	/	2 )
=	16247.232	/	9601.65
=	1.69

Wingtech Technology Co (SHSE:600745) 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.

Wingtech Technology Co Receivables Turnover Related Terms

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Wingtech Technology Co (SHSE:600745) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wingtech Technology Co Ltd (SHSE:600745) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Mission Town Hill on the 6th district, Hubei Province, Huangshi, CHN, 314000

Website

http://Www.wingtech.com

Wingtech Technology Co Ltd is a China-based company engaged in the research, development, and manufacture of mobile terminals and smart hardware products. Its main products are mobile communication complete machines, mobile communication devices and other mobile communication products, such as smartphones. The company also provides services such as Intelligent Terminal, Virtual Reality, Property and Hotel and other services.

Executives

Gao Yan	Director
Ceng Hai Cheng	senior management
Zhang Qiu Hong	Director
Zhou Bin	senior management
Chen Jian	Supervisors
Xu Qing Hua	Director
Wu Nian You	senior management
Li Shi Ying	Director
Mao Shu Jie	Supervisors
Gao Jian Rong	Director

Wingtech Technology Co (SHSE:600745) Headlines

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