Easy Click Worldwide Network Technology Co (SZSE:301171) Receivables Turnover : 0.57 (As of Mar. 2024)

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What is Easy Click Worldwide Network 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. Easy Click Worldwide Network Technology Co's Revenue for the three months ended in Mar. 2024 was ¥481 Mil. Easy Click Worldwide Network Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥841 Mil. Hence, Easy Click Worldwide Network Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.57.

Easy Click Worldwide Network Technology Co Receivables Turnover Historical Data

The historical data trend for Easy Click Worldwide Network 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.

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Easy Click Worldwide Network Technology Co Receivables Turnover Chart

Easy Click Worldwide Network Technology Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.14

3.11

4.03

2.54

2.55

Easy Click Worldwide Network Technology Co Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.59	0.61	0.61	0.60	0.57

Competitive Comparison of Easy Click Worldwide Network Technology Co's Receivables Turnover

For the Advertising Agencies subindustry, Easy Click Worldwide Network 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.

Easy Click Worldwide Network Technology Co's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Easy Click Worldwide Network Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Easy Click Worldwide Network Technology Co's Receivables Turnover falls into.

Easy Click Worldwide Network Technology Co Receivables Turnover Calculation

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

Easy Click Worldwide Network 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 )
=	2143.32	/ (	(791.041	+	888.576)	/	2 )
=	2143.32	/	839.8085
=	2.55

Easy Click Worldwide Network 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 )
=	480.952	/ (	(888.576	+	792.772)	/	2 )
=	480.952	/	840.674
=	0.57

Easy Click Worldwide Network Technology Co (SZSE:301171) 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.

Easy Click Worldwide Network Technology Co Receivables Turnover Related Terms

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Easy Click Worldwide Network Technology Co (SZSE:301171) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Easy Click Worldwide Network Technology Co Ltd (SZSE:301171) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 156, Tiangu Eighth Road, Room 903, Building C3, Phase II, Software New Town R&D Base, High-tech Zone, Shaanxi Province, Xi'an City, CHN, 710077

Website

https://en.yeahmobi.com

Easy Click Worldwide Network Technology Co Ltd is committed as a global intelligent data-driven marketing service profession to provide results-driven services included performance marketing, brand building and industrial solutions integrating. The company's clients is involved in wide range industries of E-commerce, tool applications, information dissemination, games and other pan-entertainment applications.

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