Actions Technology Co (SHSE:688049) Receivables Turnover : 1.78 (As of Mar. 2024)

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What is Actions Technology 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. Actions Technology Co's Revenue for the three months ended in Mar. 2024 was ¥118.5 Mil. Actions Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥66.6 Mil. Hence, Actions Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.78.

Actions Technology Co Receivables Turnover Historical Data

The historical data trend for Actions Technology 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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Actions Technology Co Receivables Turnover Chart

Actions Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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12.84

7.29

7.45

5.10

6.24

Actions Technology Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial														1.10	2.34	2.05	1.94	1.78

Competitive Comparison of Actions Technology Co's Receivables Turnover

For the Semiconductors subindustry, Actions Technology 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.

Actions Technology Co's Receivables Turnover Distribution in the Semiconductors Industry

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

* The bar in red indicates where Actions Technology Co's Receivables Turnover falls into.

Actions Technology Co Receivables Turnover Calculation

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

Actions Technology 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 )
=	520.099	/ (	(100.693	+	66.066)	/	2 )
=	520.099	/	83.3795
=	6.24

Actions Technology 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 )
=	118.467	/ (	(66.066	+	67.168)	/	2 )
=	118.467	/	66.617
=	1.78

Actions Technology Co (SHSE:688049) 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.

Actions Technology Co Receivables Turnover Related Terms

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Actions Technology Co (SHSE:688049) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Actions Technology Co Ltd (SHSE:688049) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Keji 4th Road, Zone C, 1st Floor, No.1 Factory Building, Tangjiawan Town, High-tech Zone, Guangdong Province, Zhuhai, CHN, 519085

Website

http://www.actions-semi.com

Actions Technology Co Ltd is engaged in the research and development, design and sales of mid-to-high-end smart audio SoC chips.

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