Suzhou Invotech Scroll Technologies Co (SZSE:301272) Receivables Turnover : 1.58 (As of Mar. 2024)

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What is Suzhou Invotech Scroll Technologies 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. Suzhou Invotech Scroll Technologies Co's Revenue for the three months ended in Mar. 2024 was ¥94.9 Mil. Suzhou Invotech Scroll Technologies Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥60.0 Mil. Hence, Suzhou Invotech Scroll Technologies Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.58.

Suzhou Invotech Scroll Technologies Co Receivables Turnover Historical Data

The historical data trend for Suzhou Invotech Scroll Technologies 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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Suzhou Invotech Scroll Technologies Co Receivables Turnover Chart

Suzhou Invotech Scroll Technologies Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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18.74

12.66

10.03

8.66

9.34

Suzhou Invotech Scroll Technologies Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial										1.48	3.22	2.63	2.59	1.58

Competitive Comparison of Suzhou Invotech Scroll Technologies Co's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Suzhou Invotech Scroll Technologies 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.

Suzhou Invotech Scroll Technologies Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Suzhou Invotech Scroll Technologies Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Suzhou Invotech Scroll Technologies Co's Receivables Turnover falls into.

Suzhou Invotech Scroll Technologies Co Receivables Turnover Calculation

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

Suzhou Invotech Scroll Technologies 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 )
=	554.985	/ (	(59.565	+	59.278)	/	2 )
=	554.985	/	59.4215
=	9.34

Suzhou Invotech Scroll Technologies 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 )
=	94.879	/ (	(59.278	+	60.645)	/	2 )
=	94.879	/	59.9615
=	1.58

Suzhou Invotech Scroll Technologies Co (SZSE:301272) 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.

Suzhou Invotech Scroll Technologies Co Receivables Turnover Related Terms

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Suzhou Invotech Scroll Technologies Co (SZSE:301272) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Suzhou Invotech Scroll Technologies Co Ltd (SZSE:301272) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 5, Yintong Road, Southeast Street, Jiangsu Province, Changshu, CHN, 215500

Website

http://www.invotech.cn

Suzhou Invotech Scroll Technologies Co Ltd provides research and development, production, sales and pre-sales and after-sales services of energy-saving, high-efficiency, high-reliability, low-noise scroll compressors and their application technologies.

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