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Rockchip Electronics Co (SHSE:603893) Receivables Turnover : 1.95 (As of Mar. 2024)


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What is Rockchip Electronics 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. Rockchip Electronics Co's Revenue for the three months ended in Mar. 2024 was ¥543 Mil. Rockchip Electronics Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥278 Mil. Hence, Rockchip Electronics Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.95.


Rockchip Electronics Co Receivables Turnover Historical Data

The historical data trend for Rockchip Electronics 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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Rockchip Electronics Co Receivables Turnover Chart

Rockchip Electronics Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.67 14.52 11.63 6.89 7.45

Rockchip Electronics 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.40 2.24 2.14 2.34 1.95

Competitive Comparison of Rockchip Electronics Co's Receivables Turnover

For the Semiconductors subindustry, Rockchip Electronics 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.


Rockchip Electronics Co's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Rockchip Electronics Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Rockchip Electronics Co's Receivables Turnover falls into.



Rockchip Electronics Co Receivables Turnover Calculation

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

Rockchip Electronics 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 )
=2134.522 / ((278.963 + 294.252) / 2 )
=2134.522 / 286.6075
=7.45

Rockchip Electronics 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 )
=543.078 / ((294.252 + 261.387) / 2 )
=543.078 / 277.8195
=1.95

* 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.


Rockchip Electronics Co  (SHSE:603893) 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.


Rockchip Electronics Co Receivables Turnover Related Terms

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Rockchip Electronics Co (SHSE:603893) Business Description

Traded in Other Exchanges
N/A
Address
No. 89 Software Avenue, Building 18, Gulou District, Fujian Province, Fuzhou, CHN, 35003
Rockchip Electronics Co Ltd is engaged in design, development and sales of integrated circuits and application solutions, providing customers with chip-related products and technical services. The company manufactures RK33 series, RK32 series, RK31 series, RK30 series, RK18 series, RK Nano series, RK Power series, and RV11 series chips for various applications including tablets, android smart Televisions, e-books, wireless audio, among others.

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