NetEase (NetEase) Receivables Turnover : 4.25 (As of Dec. 2023)

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What is NetEase 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. NetEase's Revenue for the three months ended in Dec. 2023 was $3,801 Mil. NetEase's average Accounts Receivable for the three months ended in Dec. 2023 was $895 Mil. Hence, NetEase's Receivables Turnover for the three months ended in Dec. 2023 was 4.25.

NetEase Receivables Turnover Historical Data

The historical data trend for NetEase'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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NetEase Receivables Turnover Chart

NetEase Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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14.37

17.41

17.58

17.49

17.92

NetEase 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															4.98	4.54	4.11	4.57	4.25

Competitive Comparison of NetEase's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, NetEase'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.

NetEase's Receivables Turnover Distribution in the Interactive Media Industry

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

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

NetEase Receivables Turnover Calculation

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

NetEase'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 )
=	14490.933	/ (	(717.597	+	899.473)	/	2 )
=	14490.933	/	808.535
=	17.92

NetEase's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	3801.037	/ (	(889.597	+	899.473)	/	2 )
=	3801.037	/	894.535
=	4.25

NetEase (NAS:NTES) 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.

NetEase Receivables Turnover Related Terms

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NetEase (NetEase) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » NetEase Inc (NAS:NTES) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

NETTF:USA NTESN:Mexico 09999:Hong Kong 0K6G:UK 4Y01:Germany 4Y01:Germany NEH:Germany NEH:Germany NETE34:Brazil NTES:Austria

Address

No. 599 Wangshang Road, NetEase Building, Binjiang District, Hangzhou, CHN, 310052

Website

https://ir.netease.com

NetEase, which started on an internet portal service in 1997, is a leading online services provider in China. Its key services include online/mobile games, cloud music, media, advertising, email, live streaming, online education, and e-commerce. The company develops and operates some of the China's most popular PC client and mobile games, and it partners with global leading game developers, such as Blizzard Entertainment and Mojang (a Microsoft subsidiary).