Glodon Co (SZSE:002410) Receivables Turnover : 1.45 (As of Mar. 2024)

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What is Glodon 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. Glodon Co's Revenue for the three months ended in Mar. 2024 was ¥1,300 Mil. Glodon Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥898 Mil. Hence, Glodon Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.45.

Glodon Co Receivables Turnover Historical Data

The historical data trend for Glodon 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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Glodon Co Receivables Turnover Chart

Glodon Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.41

8.23

12.26

8.59

6.97

Glodon 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															1.26	1.40	1.19	1.59	1.45

Competitive Comparison of Glodon Co's Receivables Turnover

For the Software - Application subindustry, Glodon 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.

Glodon Co's Receivables Turnover Distribution in the Software Industry

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

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

Glodon Co Receivables Turnover Calculation

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

Glodon 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 )
=	6563.363	/ (	(1039.638	+	842.474)	/	2 )
=	6563.363	/	941.056
=	6.97

Glodon 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 )
=	1299.823	/ (	(842.474	+	953.988)	/	2 )
=	1299.823	/	898.231
=	1.45

Glodon Co (SZSE:002410) 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.

Glodon Co Receivables Turnover Related Terms

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Glodon Co (SZSE:002410) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Glodon Co Ltd (SZSE:002410) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Building 13 East Road, Xibeiwang 10 Eastern Hospital, Haidian District, Beijing, CHN

Website

http://www.glodon.com

Glodon Co Ltd provides information technology services and solutions to the construction industry. The company offers digital construction platform that provides professional support based on the professional application in the field of construction engineering and provides value-added services such as industrial big data and industrial new finance. The products and services provided by the company are - civil measurement, installation measurement, municipal calculation, cloud pricing, wide material assistant, BIMFACE, smart helmet, labor management system, and many more.

Executives

Wang Ai Hua	Director
	Supervisors
Zhi Fei	Executives
Liu Qian	Directors, executives
	Executives
Wang Jin Hong	Supervisors
Diao Zhi Zhong	Director
Li Shu Jian	Directors, executives
Yuan Zheng Gang	Directors, executives
Jia Xiao Ping	Director
Chang Fan	Securities Affairs Representative
He Ping	Executives
An Jing He	Supervisors
Zhang Kui Jiang	Directors, executives
Liu Qing Ni	Executives

Glodon Co (SZSE:002410) Headlines

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