Motorcomm Electronic Technology Co (SHSE:688515) Receivables Turnover : 1.31 (As of Mar. 2024)

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What is Motorcomm Electronic 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. Motorcomm Electronic Technology Co's Revenue for the three months ended in Mar. 2024 was ¥72.5 Mil. Motorcomm Electronic Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥55.2 Mil. Hence, Motorcomm Electronic Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.31.

Motorcomm Electronic Technology Co Receivables Turnover Historical Data

The historical data trend for Motorcomm Electronic 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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Motorcomm Electronic Technology Co Receivables Turnover Chart

Motorcomm Electronic Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

1.47

23.31

10.16

6.69

4.21

Motorcomm Electronic Technology Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial								1.02	1.42	1.32	2.15	1.31

Competitive Comparison of Motorcomm Electronic Technology Co's Receivables Turnover

For the Semiconductors subindustry, Motorcomm Electronic 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.

Motorcomm Electronic Technology Co's Receivables Turnover Distribution in the Semiconductors Industry

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

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

Motorcomm Electronic Technology Co Receivables Turnover Calculation

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

Motorcomm Electronic 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 )
=	273.53	/ (	(70.573	+	59.335)	/	2 )
=	273.53	/	64.954
=	4.21

Motorcomm Electronic 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 )
=	72.531	/ (	(59.335	+	51.012)	/	2 )
=	72.531	/	55.1735
=	1.31

Motorcomm Electronic Technology Co (SHSE:688515) 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.

Motorcomm Electronic Technology Co Receivables Turnover Related Terms

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Motorcomm Electronic Technology Co (SHSE:688515) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Motorcomm Electronic Technology Co Ltd (SHSE:688515) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 78, Keling Road, Room 201, Building 4, Science and Technology City, High-tech Zone, Jiangsu Province, Suzhou, CHN, 215163

Website

https://www.motor-comm.com

Motorcomm Electronic Technology Co Ltd is engaged in the research and development, design and sales of high-speed wired communication chips.

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