Goke Microelectronics Co (SZSE:300672) Receivables Turnover : 0.59 (As of Mar. 2024)

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What is Goke Microelectronics 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. Goke Microelectronics Co's Revenue for the three months ended in Mar. 2024 was ¥343 Mil. Goke Microelectronics Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥584 Mil. Hence, Goke Microelectronics Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.59.

Goke Microelectronics Co Receivables Turnover Historical Data

The historical data trend for Goke Microelectronics 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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Goke Microelectronics Co Receivables Turnover Chart

Goke Microelectronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.33

3.59

16.68

20.25

10.73

Goke Microelectronics 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															7.08	2.49	1.47	2.01	0.59

Competitive Comparison of Goke Microelectronics Co's Receivables Turnover

For the Semiconductors subindustry, Goke Microelectronics 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.

Goke Microelectronics Co's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Goke Microelectronics Co's Receivables Turnover distribution charts can be found below:

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

Goke Microelectronics Co Receivables Turnover Calculation

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

Goke Microelectronics 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 )
=	4231.263	/ (	(234.65	+	554.259)	/	2 )
=	4231.263	/	394.4545
=	10.73

Goke Microelectronics 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 )
=	342.571	/ (	(554.259	+	613.693)	/	2 )
=	342.571	/	583.976
=	0.59

Goke Microelectronics Co (SZSE:300672) 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.

Goke Microelectronics Co Receivables Turnover Related Terms

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Goke Microelectronics Co (SZSE:300672) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Goke Microelectronics Co Ltd (SZSE:300672) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.9, Dongjie Road, Economic and Technological Development Zone, Hunan, Changsha, CHN, 410131

Website

http://www.goke.com

Goke Microelectronics Co Ltd is an integrated circuit design enterprise based in China. The company develops chips and solution for digital cable, satellite, DTMB, and internet. It also provides professional services such as especially application platform, reference design and coordinate software systems. Its other product range consists of NDS advanced security decoding chip, H.265 high-definition chip, high-end acoustic chip, Wi-Fi chip, the high-end solid storage controlling chip and high-definition security monitor chip.

Executives

Zhou Shi Bing	Directors, executives
Huang Lu Hua	Supervisors

Goke Microelectronics Co (SZSE:300672) Headlines

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