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Shenzhen Bingchuan Network Co (SZSE:300533) Receivables Turnover : 2.39 (As of Mar. 2024)


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What is Shenzhen Bingchuan Network 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 Bingchuan Network Co's Revenue for the three months ended in Mar. 2024 was ¥560 Mil. Shenzhen Bingchuan Network Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥234 Mil. Hence, Shenzhen Bingchuan Network Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.39.


Shenzhen Bingchuan Network Co Receivables Turnover Historical Data

The historical data trend for Shenzhen Bingchuan Network 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 Bingchuan Network Co Receivables Turnover Chart

Shenzhen Bingchuan Network Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.45 7.59 8.27 16.17 15.11

Shenzhen Bingchuan Network 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.16 3.76 3.42 3.54 2.39

Competitive Comparison of Shenzhen Bingchuan Network Co's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Shenzhen Bingchuan Network 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 Bingchuan Network Co's Receivables Turnover Distribution in the Interactive Media Industry

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

* The bar in red indicates where Shenzhen Bingchuan Network Co's Receivables Turnover falls into.



Shenzhen Bingchuan Network Co Receivables Turnover Calculation

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

Shenzhen Bingchuan Network 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 )
=2783.332 / ((183.913 + 184.48) / 2 )
=2783.332 / 184.1965
=15.11

Shenzhen Bingchuan Network 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 )
=560.282 / ((184.48 + 284.483) / 2 )
=560.282 / 234.4815
=2.39

* 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.


Shenzhen Bingchuan Network Co  (SZSE:300533) 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 Bingchuan Network Co Receivables Turnover Related Terms

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Shenzhen Bingchuan Network Co (SZSE:300533) Business Description

Traded in Other Exchanges
N/A
Address
Shenzhen Science and Technology, Road No. 1, 601, 602 rooms, Software Park (2) 9, Nanshan District, Shenzhen, CHN, 518057
Shenzhen Bingchuan Network Co Ltd engages in the development and operation of integrated network online games. Its business activities include the development and sale of computer software and hardware; and provision of computer programming services. The company's products mainly are a personal computer (PC) online games, mobile games.
Executives
Liu He Guo Directors, executives
Zhou Dai Hong Supervisors
Chen Tao Directors, executives

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