Shengda Network Technology Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the first quarter 2023 to a ratio of 5.15, above the company average. This is a clear sign of healthy business climate in the Cloud Computing & Data Analytics industry and improving liquidity at their respective customers, during the first quarter 2023. Average receivable collection period, for the Shengda Network Technology Inc in Sep 30 2022 quarter, has decreased to 71 days, compared to 188 days, in the Jun 30 2022 quarter.

If we take a look into Technology sector 610 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Sep 30 2022 from 3747 to 3865.

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What is Shengda Network Technology Inc Selling?

What is Receivable Turnover Ratio?

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SOLQ Receivables Turnover Ratio	(Sep 30 2022) I. Quarter	(Jun 30 2022) IV. Quarter	(Mar 31 2022) III. Quarter	(Dec 31 2021) II. Quarter	(Sep 30 2021) I. Quarter
Y / Y Receivable Change	-82.81 %	-81.23 %	-40.9 %	-93.11 %	87.18 %
Y / Y Revenue Change	290.36 %	-96.99 %	84.54 %	-76.71 %	-85.54 %
Receivable Turnover Ratio (TTM)	5.15	1.94	5.73	4.62	2.29
SOLQ's Total Ranking	# 3865	# 3747	# 2539	# 3819	# 3367
Accounts Receivable average collection period days	71	188	64	79	160
Seq. Receivable Change	-5.84 %	-76.64 %	108.93 %	-62.6 %	2.81 %
Seq. Revenue Change	944.8 %	-80.33 %	134.19 %	-18.88 %	-91.95 %

Receivable Turnover Company Ranking
Within:	No.
Cloud Computing & Data Analytics Industry	# 98
Technology Sector	# 611
Overall Market	# 3865

Receivable Turnover Ratio Statistics
High	Average	Low
2.55	1.88	0.82
(Sep 30 2021)		(Jun 30 2022)

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

Financial Statements
Shengda Network Technology Inc 's Accounts Receivable	$ 0 Millions	Visit SOLQ's Balance sheet
Shengda Network Technology Inc 's Sales TTM	$ 5 Millions	Visit SOLQ's Income Statement
Sources of SOLQ's Revenues		Visit SOLQ'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
SOLQ'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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SOLQ's Profitability Ratios	SOLQ's Roi	SOLQ's Asset Turnover Ratio	SOLQ's Dividend Growth
SOLQ's Valuation Ratios	SOLQ's Roe	SOLQ's Financial Strength Ratios	SOLQ's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2022, within Technology Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Sep 30 2022	Receivable at quarter ending Sep 30 2022
Amesite Inc	30.98	$ 0.837 Millions	$ 0.027 Millions
Digerati Technologies Inc	30.95	$ 28.507 Millions	$ 0.921 Millions
Bill Holdings Inc	30.78	$ 755.480 Millions	$ 24.547 Millions
Intapp Inc	30.48	$ 289.419 Millions	$ 9.495 Millions
Appfolio Inc	29.66	$ 443.425 Millions	$ 14.952 Millions
Skillz Inc	28.98	$ 335.877 Millions	$ 11.590 Millions
Switch Inc	28.37	$ 668.646 Millions	$ 23.569 Millions
Quarta rad Inc	28.05	$ 0.957 Millions	$ 0.034 Millions
Dzs Inc	27.08	$ 358.427 Millions	$ 13.237 Millions
Mix Telematics Limited	26.44	$ 141.298 Millions	$ 5.345 Millions
Allegro Microsystems Inc	26.00	$ 820.659 Millions	$ 31.567 Millions
Ipsidy Inc	24.78	$ 2.468 Millions	$ 0.100 Millions
Power Integrations Inc	24.08	$ 699.022 Millions	$ 29.027 Millions
Weave Communications Inc	23.55	$ 74.130 Millions	$ 3.148 Millions
Toast Inc	22.97	$ 1,475.621 Millions	$ 64.250 Millions
Data443 Risk Mitigation Inc	22.33	$ 2.794 Millions	$ 0.125 Millions
Vpr Brands Lp	21.55	$ 4.858 Millions	$ 0.225 Millions
Paycor Hcm Inc	21.43	$ 454.958 Millions	$ 21.228 Millions
Leafly Holdings Inc	21.28	$ 47.328 Millions	$ 2.224 Millions
King Resources, Inc.	21.22	$ 0.483 Millions	$ 0.023 Millions
Franklin Wireless Corp	20.27	$ 28.763 Millions	$ 1.419 Millions
Snap One Holdings Corp	20.24	$ 1,129.067 Millions	$ 55.779 Millions
Upay Inc	20.11	$ 1.462 Millions	$ 0.073 Millions
Ziprecruiter Inc	19.93	$ 961.448 Millions	$ 48.243 Millions
Oracle Corporation	19.89	$ 104,124.000 Millions	$ 5,235.000 Millions
Playtika Holding Corp	19.51	$ 2,633.300 Millions	$ 134.975 Millions
Gopro Inc	19.08	$ 1,163.669 Millions	$ 61.004 Millions
Phunware Inc	19.07	$ 22.422 Millions	$ 1.176 Millions
George Risk Industries Inc	19.04	$ 19.669 Millions	$ 1.033 Millions
Datavault Ai Inc	18.83	$ 4.449 Millions	$ 0.236 Millions

Date modified: 2026-08-29T17:46:00+00:00

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