Zhejiang Jinke Tom Culture Industry Co (SZSE:300459) Receivables Turnover : 1.55 (As of Mar. 2024)

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What is Zhejiang Jinke Tom Culture Industry 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. Zhejiang Jinke Tom Culture Industry Co's Revenue for the three months ended in Mar. 2024 was ¥297 Mil. Zhejiang Jinke Tom Culture Industry Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥192 Mil. Hence, Zhejiang Jinke Tom Culture Industry Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.55.

Zhejiang Jinke Tom Culture Industry Co Receivables Turnover Historical Data

The historical data trend for Zhejiang Jinke Tom Culture Industry 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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Zhejiang Jinke Tom Culture Industry Co Receivables Turnover Chart

Zhejiang Jinke Tom Culture Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.63

6.13

9.14

7.61

6.30

Zhejiang Jinke Tom Culture Industry 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															1.70	1.81	1.75	1.64	1.55

Competitive Comparison of Zhejiang Jinke Tom Culture Industry Co's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Zhejiang Jinke Tom Culture Industry 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.

Zhejiang Jinke Tom Culture Industry Co's Receivables Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Zhejiang Jinke Tom Culture Industry Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Zhejiang Jinke Tom Culture Industry Co's Receivables Turnover falls into.

Zhejiang Jinke Tom Culture Industry Co Receivables Turnover Calculation

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

Zhejiang Jinke Tom Culture Industry 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 )
=	1347.715	/ (	(221.363	+	206.205)	/	2 )
=	1347.715	/	213.784
=	6.30

Zhejiang Jinke Tom Culture Industry 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 )
=	297.236	/ (	(206.205	+	177.473)	/	2 )
=	297.236	/	191.839
=	1.55

Zhejiang Jinke Tom Culture Industry Co (SZSE:300459) 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.

Zhejiang Jinke Tom Culture Industry Co Receivables Turnover Related Terms

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Zhejiang Jinke Tom Culture Industry Co (SZSE:300459) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Zhejiang Jinke Tom Culture Industry Co Ltd (SZSE:300459) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 299 Pingyi Road, Qianjiang Century City, 36th Floor, Zhejiang Chamber of Commerce Building, Xiaoshan District, Zhejiang Province, Hangzhou, CHN, 311215

Website

http://www.jinkeculture.com

Zhejiang Jinke Culture Industry Co Ltd is a China-based internet high-tech company engaged in the research and development, distribution, internet education, film and television animation and other related activities. In addition, it is also involved in offering chemical raw materials. The business segments of the company are Mobile internet culture and Fine chemical new materials.

Executives

Zhu Zhi Gang	Director
Wang Jian	Director
Zhu Tian	Directors, executives
Ding Ning	Supervisors
Wei Hong Tao	Directors, executives
Zhang Wei Xin	Directors, executives
Ge Min Hai	Director

Zhejiang Jinke Tom Culture Industry Co (SZSE:300459) Headlines

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