Suzhou Anjie Technology Co (SZSE:002635) Receivables Turnover : 0.83 (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Suzhou Anjie 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. Suzhou Anjie Technology Co's Revenue for the three months ended in Mar. 2024 was ¥1,163 Mil. Suzhou Anjie Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,407 Mil. Hence, Suzhou Anjie Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.83.

Suzhou Anjie Technology Co Receivables Turnover Historical Data

The historical data trend for Suzhou Anjie 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.

* Premium members only.

Suzhou Anjie Technology Co Receivables Turnover Chart

Suzhou Anjie Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

2.90

3.16

3.58

3.46

3.50

Suzhou Anjie Technology 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															0.85	0.96	1.00	1.05	0.83

Competitive Comparison of Suzhou Anjie Technology Co's Receivables Turnover

For the Computer Hardware subindustry, Suzhou Anjie 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.

Suzhou Anjie Technology Co's Receivables Turnover Distribution in the Hardware Industry

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

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

Suzhou Anjie Technology Co Receivables Turnover Calculation

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

Suzhou Anjie 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 )
=	4516.559	/ (	(1128.747	+	1451.398)	/	2 )
=	4516.559	/	1290.0725
=	3.50

Suzhou Anjie 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 )
=	1163.055	/ (	(1451.398	+	1363.336)	/	2 )
=	1163.055	/	1407.367
=	0.83

Suzhou Anjie Technology Co (SZSE:002635) 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.

Suzhou Anjie Technology Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Suzhou Anjie Technology Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Suzhou Anjie Technology Co (SZSE:002635) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Suzhou Anjie Technology Co Ltd (SZSE:002635) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Fujin Road, Guangfu Town, Wuzhong district, Jiangsu province, Suzhou, CHN, 215159

Website

http://www.anjiesz.com

Suzhou Anjie Technology Co Ltd is a China-based supplier of internal and external functional components for the consumer electronics industry. It contributes to providing the production and an overall solution for smartphones, tablets, laptops, AR/VR and smart home applications. The product portfolio of the company covers tapes, insulation, buffering, shading tapes, thermal products, conductive products, optical film, touch panel, cover glass, precision metal parts, and others.

Executives

Wang Chun Sheng	Director
Lin Lei	Directors, executives
Gu Jing	Supervisors
Jia Zhi Jiang	Directors, executives
Ma Yu Yan	Secretary, Director
Gu Qi Feng	Director
Bian Xiu Hua	Supervisors
Lv Li	Directors, executives
Jiang Rui Xiang	Executives
Xu Qiang	Supervisors
Zhang Mu Xiu	Supervisors

Suzhou Anjie Technology Co (SZSE:002635) Headlines

No Headlines