Zhibao Technology (Zhibao Technology) Receivables Turnover : 0.61 (As of Jun. 2023)

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What is Zhibao Technology 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. Zhibao Technology's Revenue for the six months ended in Jun. 2023 was $7.02 Mil. Zhibao Technology's average Accounts Receivable for the six months ended in Jun. 2023 was $11.52 Mil. Hence, Zhibao Technology's Receivables Turnover for the six months ended in Jun. 2023 was 0.61.

Zhibao Technology Receivables Turnover Historical Data

The historical data trend for Zhibao Technology'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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Zhibao Technology Receivables Turnover Chart

Zhibao Technology Annual Data

Trend

Jun21

Jun22

Jun23

Receivables Turnover

2.15

3.01

2.17

Zhibao Technology Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	-	2.80	0.99	1.34	0.61

Competitive Comparison of Zhibao Technology's Receivables Turnover

For the Insurance Brokers subindustry, Zhibao Technology'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.

Zhibao Technology's Receivables Turnover Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Zhibao Technology's Receivables Turnover distribution charts can be found below:

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

Zhibao Technology Receivables Turnover Calculation

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

Zhibao Technology's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	19.843	/ (	(7.438	+	10.857)	/	2 )
=	19.843	/	9.1475
=	2.17

Zhibao Technology's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	7.024	/ (	(12.189	+	10.857)	/	2 )
=	7.024	/	11.523
=	0.61

Zhibao Technology (NAS:ZBAO) 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.

Zhibao Technology Receivables Turnover Related Terms

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Zhibao Technology (Zhibao Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Zhibao Technology Inc (NAS:ZBAO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Floor 3, Building 6, Wuxing Road, Lane 727, Shanghai, CHN, 201204

Website

https://www.zhibao-tech.com

Zhibao Technology Inc is a insurance technology company primarily engaged in providing digital insurance brokerage services in China. 2B2C digital embedded insurance is their innovative business model which they pioneered in China. They provide customized digital insurance solutions for B-side channels (covering a wide range of industries and organizations, including but not limited to Internet platforms, large and medium-sized enterprises, and government agencies, etc.), embedding them into the channel's existing business matrix, and providing the channel with Provide digital insurance brokerage services to C-end customers.

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