SenseTime Group (HKSE:00020) Receivables Turnover : 0.46 (As of Dec. 2023)

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What is SenseTime Group 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. SenseTime Group's Revenue for the six months ended in Dec. 2023 was HK$2,158 Mil. SenseTime Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$4,664 Mil. Hence, SenseTime Group's Receivables Turnover for the six months ended in Dec. 2023 was 0.46.

SenseTime Group Receivables Turnover Historical Data

The historical data trend for SenseTime Group'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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SenseTime Group Receivables Turnover Chart

SenseTime Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.65

1.28

1.16

0.71

0.75

SenseTime Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial					0.75	0.28	0.46	0.28	0.46

Competitive Comparison of SenseTime Group's Receivables Turnover

For the Software - Application subindustry, SenseTime Group'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.

SenseTime Group's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, SenseTime Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where SenseTime Group's Receivables Turnover falls into.

SenseTime Group Receivables Turnover Calculation

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

SenseTime Group'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 )
=	3725.238	/ (	(5826.752	+	4069.543)	/	2 )
=	3725.238	/	4948.1475
=	0.75

SenseTime Group's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	2157.719	/ (	(5257.576	+	4069.543)	/	2 )
=	2157.719	/	4663.5595
=	0.46

SenseTime Group (HKSE:00020) 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.

SenseTime Group Receivables Turnover Related Terms

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SenseTime Group (HKSE:00020) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SenseTime Group Inc (HKSE:00020) » Definitions » Receivables Turnover

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SNTMF:USA

Address

No. 1900 Hongmei Road, Xuhui District, Shanghai, CHN, 200233

Website

https://www.sensetime.com

SenseTime Group Inc is a software company focused on creating an AI-empowered future through innovation. The Company develops software & hardware products for different industry verticals and use cases based on the same AI infrastructure platform & model training framework. The principal activities of the Group are the sale of advanced AI software, the sale of AI software platform & related services, the sale of AI software-embedded hardware and related services, AIDC service as well as research and development activities in relation to AI technologyThe Company is domiciled in the Cayman Islands while the Group mainly operates its businesses in four geographical areas of the world Mainland China, Northeast Asia, Southeast Asia, and others, out of which the majority is from Mainland China.

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