Shenzhen Topway Video Communication Co (SZSE:002238) Receivables Turnover : 1.35 (As of Mar. 2024)

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What is Shenzhen Topway Video Communication 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. Shenzhen Topway Video Communication Co's Revenue for the three months ended in Mar. 2024 was ¥269 Mil. Shenzhen Topway Video Communication Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥199 Mil. Hence, Shenzhen Topway Video Communication Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.35.

Shenzhen Topway Video Communication Co Receivables Turnover Historical Data

The historical data trend for Shenzhen Topway Video Communication 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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Shenzhen Topway Video Communication Co Receivables Turnover Chart

Shenzhen Topway Video Communication Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

26.91

21.95

15.62

9.07

7.36

Shenzhen Topway Video Communication 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															1.45	1.61	1.47	2.56	1.35

Competitive Comparison of Shenzhen Topway Video Communication Co's Receivables Turnover

For the Broadcasting subindustry, Shenzhen Topway Video Communication 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.

Shenzhen Topway Video Communication Co's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Shenzhen Topway Video Communication Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shenzhen Topway Video Communication Co's Receivables Turnover falls into.

Shenzhen Topway Video Communication Co Receivables Turnover Calculation

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

Shenzhen Topway Video Communication 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 )
=	1477.661	/ (	(196.659	+	204.714)	/	2 )
=	1477.661	/	200.6865
=	7.36

Shenzhen Topway Video Communication 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 )
=	268.604	/ (	(204.714	+	193.684)	/	2 )
=	268.604	/	199.199
=	1.35

Shenzhen Topway Video Communication Co (SZSE:002238) 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.

Shenzhen Topway Video Communication Co Receivables Turnover Related Terms

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Shenzhen Topway Video Communication Co (SZSE:002238) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Shenzhen Topway Video Communication Co Ltd (SZSE:002238) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 6001 Caitian Road, Futian District, Shenzhen, Guangdong, CHN, 518036

Website

http://www.topway.com.cn

Shenzhen Topway Video Communication Co Ltd is engaged in construction, operation, and maintenance of cable TV networks which include providing cable TV viewing services, and TV value-added services. The firm offers different family packages, broadband transfer, new installation, and new account opening.

Executives

Chen Xiao Hua	Supervisors
Cai Guo Qiang	Director
Lv Jian Jie	Directors, executives
Cai Chuan Yi	Supervisors
Chen Zhi Cai	Executives

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