Luokung Technology Corp 's ability to collect accounts receivable sequentially worsen to 0.68, pointing to a challenging and on top of that deteriorating business climate for the Cloud Computing & Data Analytics industry. Luokung Technology 's Accounts Receivable average collection period in the Dec 31 2023 quarter, has increased to 537 days, from 51 days, in the 0 quarter.

If we take a look into Technology sector 759 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Dec 31 2023 from 3467 to 4130.

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What is Receivable Turnover Ratio?

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LKCO Receivables Turnover Ratio	(Dec 31 2023) IV. Quarter	0 III. Quarter	0 II. Quarter	0 I. Quarter	(Dec 31 2022) IV. Quarter
Y / Y Receivable Change	19.54 %	-54.01 %	-54.01 %	-54.01 %	519.3 %
Y / Y Revenue Change	-89.06 %	-	-	-	-35.48 %
Receivable Turnover Ratio (TTM)	0.68	7.16	6.66	6.22	5.84
LKCO's Total Ranking	# 4130	# 3467	# 0	# 0	# 1134
Accounts Receivable average collection period days	540	51	55	59	63
Seq. Receivable Change	1408.27 %	0 %	0 %	-92.07 %	480.23 %
Seq. Revenue Change	-	-	-	-	-

Receivable Turnover Company Ranking
Within:	No.
Cloud Computing & Data Analytics Industry	# 137
Technology Sector	# 760
Overall Market	# 4130

Receivable Turnover Ratio Statistics
High	Average	Low
907.59	146.01	0.41
(Dec 31 2021)		(Dec 31 2023)

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

Financial Statements
Luokung Technology 's Accounts Receivable	$ 51 Millions	Visit LKCO's Balance sheet
Luokung Technology 's Sales TTM	$ 10 Millions	Visit LKCO's Income Statement
Sources of LKCO's Revenues		Visit LKCO's Sales by Geography

Other Accounts Receivable Turnover Ratios
Cloud Computing & Data Analytics Industry Accounts Receivable Turnover Trends and Statistics
Technology Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
LKCO's Receivable Turnover Ratio versus Cloud Computing & Data Analytics Industry, Technology Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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LKCO's Profitability Ratios	LKCO's Roi	LKCO's Asset Turnover Ratio	LKCO's Dividend Growth
LKCO's Valuation Ratios	LKCO's Roe	LKCO's Financial Strength Ratios	LKCO's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2023, within Technology Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Dec 31 2023	Receivable at quarter ending Dec 31 2023
Pagseguro Digital Ltd	0.43	$ 2,977.311 Millions	$ 6,857.470 Millions
Luokung Technology Corp	0.41	$ 10.236 Millions	$ 25.183 Millions
Xiao I Corporation	0.12	$ 0.188 Millions	$ 1.538 Millions
Integrated Media Technology Ltd	0.11	$ 0.085 Millions	$ 0.777 Millions
Autohome Inc	0.08	$ 18.927 Millions	$ 230.075 Millions
Infobird Co Ltd	0.05	$ 0.280 Millions	$ 5.223 Millions

Date modified: 2026-09-02T19:23:31+00:00

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