Anker Innovations Technology Co (SZSE:300866) Receivables Turnover : 3.03 (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Anker Innovations 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. Anker Innovations Technology Co's Revenue for the three months ended in Mar. 2024 was ¥4,378 Mil. Anker Innovations Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,445 Mil. Hence, Anker Innovations Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 3.03.

Anker Innovations Technology Co Receivables Turnover Historical Data

The historical data trend for Anker Innovations 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.

Anker Innovations Technology Co Receivables Turnover Chart

Anker Innovations Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

15.62

13.63

12.83

12.32

12.73

Anker Innovations 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															3.30	3.64	3.66	3.95	3.03

Competitive Comparison of Anker Innovations Technology Co's Receivables Turnover

For the Consumer Electronics subindustry, Anker Innovations 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.

Anker Innovations Technology Co's Receivables Turnover Distribution in the Hardware Industry

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

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

Anker Innovations Technology Co Receivables Turnover Calculation

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

Anker Innovations 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 )
=	17507.203	/ (	(1222.433	+	1527.818)	/	2 )
=	17507.203	/	1375.1255
=	12.73

Anker Innovations 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 )
=	4377.729	/ (	(1527.818	+	1361.227)	/	2 )
=	4377.729	/	1444.5225
=	3.03

Anker Innovations Technology Co (SZSE:300866) 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.

Anker Innovations Technology Co Receivables Turnover Related Terms

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

Anker Innovations Technology Co (SZSE:300866) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Anker Innovations Technology Co Ltd (SZSE:300866) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Phase I, No. 39 Jianshan Road, Room 701, 7th Floor, Building 7, Hunan Province, Changsha China Power Software Park Co., Ltd, Changsha High-tech Development Zone, Changsha, CHN, 410205

Website

https://www.anker-in.com

Anker Innovations Technology Co Ltd development, design and sales of consumer electronic products such as mobile device peripheral products and smart hardware products of its own brand. The company's brands include Anker that provides wired and wireless charging products; Soundcore provides audio devices such as speakers and earphones; EUFY provides smart appliances such as home speaker, lights, vacuums and smart plugs; NEBULA provides smart, portable entertainment devices; and ROAV provides smart, connected services to any vehicle.

Anker Innovations Technology Co (SZSE:300866) Headlines

No Headlines