Ourpalm Co (SZSE:300315) Receivables Turnover : 1.32 (As of Mar. 2024)

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What is Ourpalm 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. Ourpalm Co's Revenue for the three months ended in Mar. 2024 was ¥255.7 Mil. Ourpalm Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥193.8 Mil. Hence, Ourpalm Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.32.

Ourpalm Co Receivables Turnover Historical Data

The historical data trend for Ourpalm 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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Ourpalm Co Receivables Turnover Chart

Ourpalm Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.07

6.63

6.17

5.65

4.84

Ourpalm 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															1.25	1.29	1.51	1.53	1.32

Competitive Comparison of Ourpalm Co's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Ourpalm 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.

Ourpalm Co's Receivables Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Ourpalm Co's Receivables Turnover distribution charts can be found below:

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

Ourpalm Co Receivables Turnover Calculation

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

Ourpalm 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 )
=	981.768	/ (	(215.976	+	189.909)	/	2 )
=	981.768	/	202.9425
=	4.84

Ourpalm 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 )
=	255.672	/ (	(189.909	+	197.625)	/	2 )
=	255.672	/	193.767
=	1.32

Ourpalm Co (SZSE:300315) 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.

Ourpalm Co Receivables Turnover Related Terms

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Ourpalm Co (SZSE:300315) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Ourpalm Co Ltd (SZSE:300315) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No.1 Baosheng South Road, Room 901, Building 29, Block C, Lingzhi Center, Aobei Science and Technology Park, Haidian District, Beijing, CHN

Website

http://www.ourpalm.com

Ourpalm Co Ltd is a China-based company engaged in the development, publishing, and operation of games. Its main business includes mobile terminal games, internet page games and product development, agent distribution and operation and maintenance of its peripheral products.

Executives

Cheng Li	Executives
Yao Wen Zhe	Directors, executives
Wu Lin Guang	Director
Hu Bin	Directors, executives
Li Hao Sheng	Directors, executives
Deng Pan	Director
Yao Wen Bin	Director
Song Hai Bo	Director
Ye Ying Tao	Director
Wang Zhong Jun	Director
Yang Kai	Directors, executives
Zhang Yun Xia	Directors, Directors, and Executives

Ourpalm Co (SZSE:300315) Headlines

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