Hitek Global Inc's ability to collect accounts receivable sequentially worsen to 0.37, indicating more challenging environment then in the third quarter 2024, but still, it is a far cry from any concerns. Hitek Global Inc's Accounts Receivable average collection period in the Dec 31 2024 quarter, has increased to 986 days, from 270 days, in the 0 quarter.

If we take a look into Technology sector 638 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Dec 31 2024 from 3322 to 3471.

What is Receivable Turnover Ratio?
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What is Receivable Turnover Ratio?

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HKIT Receivables Turnover Ratio	(Dec 31 2024) IV. Quarter	0 III. Quarter	0 II. Quarter	0 I. Quarter	(Dec 31 2022) IV. Quarter
Y / Y Receivable Change	1134.29 %	440.41 %	296.51 %	-37.02 %	-80.26 %
Y / Y Revenue Change	-54.81 %	-	-	-	-0.5 %
Receivable Turnover Ratio (TTM)	0.37	1.35	1.99	4.2	3.7
HKIT's Total Ranking	# 3471	# 3322	# 3334	# 0	#
Accounts Receivable average collection period days	977	270	183	87	99
Seq. Receivable Change	75.63 %	-17.54 %	555.34 %	30.05 %	-23.1 %
Seq. Revenue Change	-	-	-	-	-

Receivable Turnover Company Ranking
Within:	No.
Software & Programming Industry	# 200
Technology Sector	# 639
Overall Market	# 3471

Receivable Turnover Ratio Statistics
High	Average	Low
0.38	0.25	0.07
(Dec 31 2021)		(Dec 31 2024)

HKIT Company Profile • Back to HKIT Efficiency Comparisons • Compare HKIT Receivables Turnover Ratio to its Competitors

Financial Statements
Hitek Global Inc's Accounts Receivable	$ 13 Millions	Visit HKIT's Balance sheet
Hitek Global Inc's Sales TTM	$ 3 Millions	Visit HKIT's Income Statement
Sources of HKIT's Revenues		Visit HKIT's Sales by Geography

Other Accounts Receivable Turnover Ratios
Software & Programming Industry Accounts Receivable Turnover Trends and Statistics
Technology Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
HKIT's Receivable Turnover Ratio versus Software & Programming Industry, Technology Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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HKIT's Growth Rates	HKIT's Roa	HKIT's Inventory Turnover Ratio	HKIT's Dividend Comparisons
HKIT's Profitability Ratios	HKIT's Roi	HKIT's Asset Turnover Ratio	HKIT's Dividend Growth
HKIT's Valuation Ratios	HKIT's Roe	HKIT's Financial Strength Ratios	HKIT's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2024, within Technology Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Dec 31 2024	Receivable at quarter ending Dec 31 2024
Magnite Inc	0.60	$ 668.170 Millions	$ 1,121.524 Millions
X3 Holdings Co Ltd	0.40	$ 11.611 Millions	$ 28.716 Millions
Pagseguro Digital Ltd	0.33	$ 3,573.830 Millions	$ 10,949.422 Millions
Taoping Inc	0.09	$ 0.699 Millions	$ 7.688 Millions
Xiao I Corporation	0.06	$ 0.072 Millions	$ 1.267 Millions

Date modified: 2026-09-08T15:11:29+00:00

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