Tencent Holdings (HKSE:00700) Receivables Turnover : 3.28 (As of Sep. 2023)

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What is Tencent Holdings 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. Tencent Holdings's Revenue for the three months ended in Sep. 2023 was HK$165,867 Mil. Tencent Holdings's average Accounts Receivable for the three months ended in Sep. 2023 was HK$50,635 Mil. Hence, Tencent Holdings's Receivables Turnover for the three months ended in Sep. 2023 was 3.28.

Tencent Holdings Receivables Turnover Historical Data

The historical data trend for Tencent Holdings'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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Tencent Holdings Receivables Turnover Chart

Tencent Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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11.63

12.26

12.06

11.14

13.09

Tencent Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															3.21	3.33	3.19	3.28	-

Competitive Comparison of Tencent Holdings's Receivables Turnover

For the Internet Content & Information subindustry, Tencent Holdings'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.

Tencent Holdings's Receivables Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Tencent Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tencent Holdings's Receivables Turnover falls into.

Tencent Holdings Receivables Turnover Calculation

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

Tencent Holdings'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 )
=	666127.748	/ (	(50773.668	+	50976.659)	/	2 )
=	666127.748	/	50875.1635
=	13.09

Tencent Holdings's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	165867.142	/ (	(50502.035	+	50767.95)	/	2 )
=	165867.142	/	50634.9925
=	3.28

Tencent Holdings (HKSE:00700) 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.

Tencent Holdings Receivables Turnover Related Terms

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Tencent Holdings (HKSE:00700) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Tencent Holdings Ltd (HKSE:00700) » Definitions » Receivables Turnover

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Traded in Other Exchanges

TCTZF:USA TCEHY:USA TCEHY:Mexico 0Z4S:UK NNN:Germany NNND:Austria

Address

No. 33 Haitian 2nd Road, Tencent Binhai Towers, Nanshan District, Shenzhen, CHN, 518054

Website

http://www.tencent.com

Tencent is arguably the most influential internet firm in China as one can hardly go by a day without using its products. Tencent is the world's largest video game vendor and owns the world's top-grossing mobile game--Honor of Kings. Tencent also runs China's largest social media super app--WeChat. The app is now part of the fabric of life for Chinese people who use it to chat, shop, watch videos, play games, order food and taxis, and more. Equally as impressive as its own portfolio, Tencent is also among the world's largest venture capital and investment corporations. The firm is now one of the largest shareholders in leading tech companies like Meituan, JD, DiDi, Snap, PDD, Kuaishou, Epic Games, and more.

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