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. MicroAlgo's Revenue for the
six
months ended in Dec. 2023 was $43.82 Mil. MicroAlgo's average Accounts Receivable for the
six
months ended in Dec. 2023 was $4.24 Mil.
Hence, MicroAlgo's Receivables Turnover for the
six
months ended in Dec. 2023 was 10.35.
MicroAlgo Receivables Turnover Historical Data
The historical data trend for MicroAlgo'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.
Competitive Comparison of MicroAlgo's Receivables Turnover
For the Software - Infrastructure subindustry, MicroAlgo'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.
MicroAlgo's Receivables Turnover Distribution in the Software Industry
For the Software industry and Technology sector, MicroAlgo's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where MicroAlgo's Receivables Turnover falls into.
MicroAlgo Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
MicroAlgo's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
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.
MicroAlgo Receivables Turnover Related Terms
Thank you for viewing the detailed overview of MicroAlgo's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Taoyuan Street, Unit 507, Building C, Long Jing High & New Technology Jingu Pioneer Park, Nanshan District, Shenzhen, CHN, 518052
Website
MicroAlgo Inc is divided into two segments Central processing algorithm services & Intelligent chips and services. The majority is from the Central processing algorithm services. which refer to a range of computing algorithms, analytical algorithms, recommendation algorithms, & acceleration algorithms. The businesses engaged in internet advertisement, game development, intelligent chip design, finance, retail, & logistics depend on the ability to process & analyze data with optimized computing software & hardware capable of handling the data workload. Intelligent chips & services revenues include revenues generated from the resale of intelligent chips. All of the Company's net revenues were generated in the PRC, Hong Kong, & Singapore, out of which the majority is from the PRC.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
MLGO has been successfully added to your