ZX (HKSE:09890) Receivables Turnover : 17.45 (As of Dec. 2023)

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What is ZX 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. ZX's Revenue for the six months ended in Dec. 2023 was HK$7,126 Mil. ZX's average Accounts Receivable for the six months ended in Dec. 2023 was HK$408 Mil. Hence, ZX's Receivables Turnover for the six months ended in Dec. 2023 was 17.45.

ZX Receivables Turnover Historical Data

The historical data trend for ZX'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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ZX Receivables Turnover Chart

ZX Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

12.94

23.60

24.35

17.45

ZX Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Receivables Turnover	12.94	23.60	24.35	17.45

Competitive Comparison of ZX's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, ZX'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.

ZX's Receivables Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, ZX's Receivables Turnover distribution charts can be found below:

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

ZX Receivables Turnover Calculation

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

ZX'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 )
=	7125.516	/ (	(476.633	+	339.833)	/	2 )
=	7125.516	/	408.233
=	17.45

ZX'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: Dec. 2022 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	7125.516	/ (	(476.633	+	339.833)	/	2 )
=	7125.516	/	408.233
=	17.45

ZX (HKSE:09890) 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.

ZX Receivables Turnover Related Terms

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ZX (HKSE:09890) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » ZX Inc (HKSE:09890) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Olympic Stadium South Road, Tanwan Game Building, Building B, Synaesthesia Thinking Industrial Park, Tianhe, Guangdong, Guangzhou, CHN

Website

https://www.zx.com

ZX Inc is a publisher of online game products in China. It is devoted to marketing and operating online games (in particular mobile games) in China. The online games developed by its clients marketed and operated by the company are delivered to players under the Tan Wan brand. The company has enabled the marketing and operation of 11 game products for more than five years and 28 game products for more than three years.

Executives

Wu Xubo	2307 Founder of a discretionary trust who can infl
Tmf (cayman) Ltd.	2301 Trustee
Wxland Holding Limited	2201 Interest of corporation controlled by you
Wxland International Ltd	2101 Beneficial owner
Wxland Limited	2201 Interest of corporation controlled by you
Trident Trust Company (hk) Limited	2301 Trustee
Wu Xuan	2307 Founder of a discretionary trust who can infl
Wxzela International Ltd	2101 Beneficial owner
Zela Holding Limited	2201 Interest of corporation controlled by you
Chen Yang	2201 Interest of corporation controlled by you
Wxworld Holding Limited	2101 Beneficial owner

ZX (HKSE:09890) Headlines

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