3onedata Co (SHSE:688618) Receivables Turnover : 0.42 (As of Mar. 2024)

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What is 3onedata 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. 3onedata Co's Revenue for the three months ended in Mar. 2024 was ¥75.5 Mil. 3onedata Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥181.9 Mil. Hence, 3onedata Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.42.

3onedata Co Receivables Turnover Historical Data

The historical data trend for 3onedata 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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3onedata Co Receivables Turnover Chart

3onedata Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.96

2.82

2.81

3.13

2.93

3onedata Co Quarterly Data
	Mar19	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															0.61	0.91	0.62	0.69	0.42

Competitive Comparison of 3onedata Co's Receivables Turnover

For the Communication Equipment subindustry, 3onedata 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.

3onedata Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, 3onedata Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where 3onedata Co's Receivables Turnover falls into.

3onedata Co Receivables Turnover Calculation

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

3onedata 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 )
=	439.426	/ (	(115.8	+	183.731)	/	2 )
=	439.426	/	149.7655
=	2.93

3onedata 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 )
=	75.496	/ (	(183.731	+	180.079)	/	2 )
=	75.496	/	181.905
=	0.42

3onedata Co (SHSE:688618) 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.

3onedata Co Receivables Turnover Related Terms

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3onedata Co (SHSE:688618) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » 3onedata Co Ltd (SHSE:688618) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Xili Street, Building 3, District 1, Baiwangxin High-tech Industrial Park, Nanshan District, Guangdong Province, Shenzhen, CHN, 518000

Website

https://www.3onedata.com.cn

3onedata Co Ltd is engaged in the development, production and sales of industrial internet communication products for the digital, network and intelligent infrastructure needs of the industrial economy.

Executives

Wu Jian	Director
Qian Xiao Tao	Core technical personnel
Yuan Ling	senior management
Yang Jing Li	Core technical personnel
Xiong Wei	Directors, senior managers, core technical personn
Liu Mao Ming	Core technical personnel
Yang Gui Lin	Core technical personnel
Yuan Zi Jun	Directors, senior managers
Xiong Ying Ying	senior management

3onedata Co (SHSE:688618) Headlines

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