Yuneng Technology Co (SHSE:688348) Receivables Turnover : 1.10 (As of Mar. 2024)

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What is Yuneng 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. Yuneng Technology Co's Revenue for the three months ended in Mar. 2024 was ¥428 Mil. Yuneng Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥388 Mil. Hence, Yuneng Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.10.

Yuneng Technology Co Receivables Turnover Historical Data

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

Yuneng Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.57

9.62

4.17

5.08

4.16

Yuneng Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											1.13	0.61	0.99	1.46	1.10

Competitive Comparison of Yuneng Technology Co's Receivables Turnover

For the Communication Equipment subindustry, Yuneng 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.

Yuneng Technology Co's Receivables Turnover Distribution in the Hardware Industry

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

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

Yuneng Technology Co Receivables Turnover Calculation

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

Yuneng 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 )
=	1420.14	/ (	(367.193	+	315.874)	/	2 )
=	1420.14	/	341.5335
=	4.16

Yuneng 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 )
=	427.748	/ (	(315.874	+	460.012)	/	2 )
=	427.748	/	387.943
=	1.10

Yuneng Technology Co (SHSE:688348) 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.

Yuneng Technology Co Receivables Turnover Related Terms

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Yuneng Technology Co (SHSE:688348) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

No. 1, Yatai Road, 3rd Floor, Building 1, Jiaxing Science and Technology City, Nanhu District, Zhejiang Province, Jiaxing, CHN, 314006

Website

http://www.apsystems.cn

Yuneng Technology Co Ltd is engaged in the research and development, production and sales of component-level power electronic equipment in distributed photovoltaic power generation systems.

Executives

	Director
	Director

Yuneng Technology Co (SHSE:688348) Headlines

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