Luokung Technology Corp 's ability to collect accounts receivable sequentially worsen to 0.68, indicating more challenging environment then in the third quarter 2023, but still, it is a far cry from any concerns. Luokung Technology 's Accounts Receivable average collection period in the Dec 31 2023 quarter, has increased to 537 days, from 86 days, in the 0 quarter.

If we take a look into Technology sector 636 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 3237, from overall ranking in the third quarter 2023 at 3467.

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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	-35.62 %	-54.01 %	-54.01 %	-54.01 %	1049.83 %
Y / Y Revenue Change	-89.06 %	-	-	-	-35.48 %
Receivable Turnover Ratio (TTM)	0.68	4.23	4.05	3.88	3.73
LKCO's Total Ranking	# 3237	# 3467	# 0	# 0	# 1134
Accounts Receivable average collection period days	540	86	90	94	98
Seq. Receivable Change	1408.27 %	0 %	0 %	-95.73 %	977.29 %
Seq. Revenue Change	-	-	-	-	-

Receivable Turnover Company Ranking
Within:	No.
Cloud Computing & Data Analytics Industry	# 109
Technology Sector	# 637
Overall Market	# 3237

Receivable Turnover Ratio Statistics
High	Average	Low
1.49	0.6	0.19
(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 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
Infobird Co Ltd	0.05	$ 0.280 Millions	$ 5.223 Millions

Date modified: 2024-10-23T17:07:05+00:00

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