Ucloudlink Group (Ucloudlink Group) Receivables Turnover : 2.86 (As of Mar. 2024)

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What is Ucloudlink Group 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. Ucloudlink Group's Revenue for the three months ended in Mar. 2024 was $18.13 Mil. Ucloudlink Group's average Accounts Receivable for the three months ended in Mar. 2024 was $6.33 Mil. Hence, Ucloudlink Group's Receivables Turnover for the three months ended in Mar. 2024 was 2.86.

Ucloudlink Group Receivables Turnover Historical Data

The historical data trend for Ucloudlink Group'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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Ucloudlink Group Receivables Turnover Chart

Ucloudlink Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.47

5.51

6.81

6.84

13.75

Ucloudlink Group 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															2.78	2.90	3.06	3.13	2.86

Competitive Comparison of Ucloudlink Group's Receivables Turnover

For the Telecom Services subindustry, Ucloudlink Group'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.

Ucloudlink Group's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Ucloudlink Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ucloudlink Group's Receivables Turnover falls into.

Ucloudlink Group Receivables Turnover Calculation

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

Ucloudlink Group'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 )
=	85.576	/ (	(5.961	+	6.489)	/	2 )
=	85.576	/	6.225
=	13.75

Ucloudlink Group'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 )
=	18.128	/ (	(6.489	+	6.172)	/	2 )
=	18.128	/	6.3305
=	2.86

Ucloudlink Group (NAS:UCL) 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.

Ucloudlink Group Receivables Turnover Related Terms

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Ucloudlink Group (Ucloudlink Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Ucloudlink Group Inc (NAS:UCL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

132 Nathan Road, Tsim Sha Tsui, Unit 2214-Rm1, 22 Floor, Mira Place Tower A, Kowloon, Hong Kong, HKG

Website

https://www.ucloudlink.com

Ucloudlink Group Inc provides mobile data connectivity and portable WiFi services. The business operates under uCloudlink 1.0, which focuses on cross-border travelers that need mobile data connectivity services across different countries. Under uCloudlink 2.0, provides mobile data connectivity services to local users across different MNOs in a single country. It generates revenue from the provision of data connectivity services, and the sales of terminals and sales of data related products.