Tsinghua Tongfang Co (SHSE:600100) Receivables Turnover : 0.46 (As of Mar. 2024)

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What is Tsinghua Tongfang 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. Tsinghua Tongfang Co's Revenue for the three months ended in Mar. 2024 was ¥2,935 Mil. Tsinghua Tongfang Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥6,335 Mil. Hence, Tsinghua Tongfang Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.46.

Tsinghua Tongfang Co Receivables Turnover Historical Data

The historical data trend for Tsinghua Tongfang 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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Tsinghua Tongfang Co Receivables Turnover Chart

Tsinghua Tongfang Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.30

4.35

4.93

4.05

4.51

Tsinghua Tongfang Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.68	0.97	1.18	1.62	0.46

Competitive Comparison of Tsinghua Tongfang Co's Receivables Turnover

For the Computer Hardware subindustry, Tsinghua Tongfang 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.

Tsinghua Tongfang Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Tsinghua Tongfang Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tsinghua Tongfang Co's Receivables Turnover falls into.

Tsinghua Tongfang Co Receivables Turnover Calculation

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

Tsinghua Tongfang 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 )
=	28833.464	/ (	(6286.227	+	6501.965)	/	2 )
=	28833.464	/	6394.096
=	4.51

Tsinghua Tongfang 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 )
=	2934.505	/ (	(6501.965	+	6167.233)	/	2 )
=	2934.505	/	6334.599
=	0.46

Tsinghua Tongfang Co (SHSE:600100) 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.

Tsinghua Tongfang Co Receivables Turnover Related Terms

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Tsinghua Tongfang Co (SHSE:600100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tsinghua Tongfang Co Ltd (SHSE:600100) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Wangzhuang Road, 30th Floor, Tower A, Tsinghua Tongfang Technology Building, Haidian District, Beijing, CHN, 100083

Website

http://www.thtf.com.cn

Tsinghua Tongfang Co Ltd is a China-based company primarily engaged in the business of manufacturing personal computers. It develops computers, internet applications, microelectronics, radio frequency technology, multimedia, semiconductors, lighting, digital TVs and environmental technology products. The company also provides intelligence and information services for many buildings, subway lines, and high-speed rail passenger stations. The company is involved in the public safety industry, industrial manufacturing industry, lighting industry, science, and technology park and other businesses.

Executives

Liu Wei Dong	senior management
Zhang Yu Zhou	senior management
Lu Zhi Cheng	Director

Tsinghua Tongfang Co (SHSE:600100) Headlines

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