iSoftstone Information Technology (Group) Co (SZSE:301236) Receivables Turnover : 0.93 (As of Mar. 2024)

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What is iSoftstone Information 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. iSoftstone Information Technology (Group) Co's Revenue for the three months ended in Mar. 2024 was ¥5,449 Mil. iSoftstone Information Technology (Group) Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥5,833 Mil. Hence, iSoftstone Information Technology (Group) Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.93.

iSoftstone Information Technology (Group) Co Receivables Turnover Historical Data

The historical data trend for iSoftstone Information 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.

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iSoftstone Information Technology (Group) Co Receivables Turnover Chart

iSoftstone Information Technology (Group) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.61

4.06

4.18

3.98

3.51

iSoftstone Information Technology (Group) Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial														0.81	0.80	0.79	0.92	0.93

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

For the Information Technology Services subindustry, iSoftstone Information 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.

iSoftstone Information Technology (Group) Co's Receivables Turnover Distribution in the Software Industry

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

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

iSoftstone Information Technology (Group) Co Receivables Turnover Calculation

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

iSoftstone Information 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 )
=	17580.687	/ (	(4950.209	+	5070.146)	/	2 )
=	17580.687	/	5010.1775
=	3.51

iSoftstone Information Technology (Group) 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 )
=	5449.386	/ (	(5070.146	+	6595.192)	/	2 )
=	5449.386	/	5832.669
=	0.93

iSoftstone Information Technology (Group) Co (SZSE:301236) 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.

iSoftstone Information Technology (Group) Co Receivables Turnover Related Terms

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iSoftstone Information Technology (Group) Co (SZSE:301236) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » iSoftstone Information Technology (Group) Co Ltd (SZSE:301236) » Definitions » Receivables Turnover

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Address

No. 10, Northwest Wangdong Road, Room 502, 5th Floor, Building 16, East District, Haidian District, Beijing, CHN, 100193

Website

https://www.isoftstone.com

iSoftstone Information Technology (Group) Co Ltd is engaged in providing end-to-end software and digital technology services and digital operations services.

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