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Vnet Group inc   (NASDAQ: VNET)
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Vnet Group Inc Accounts Receivables Turnover Ratio from the forth quarter 2023 to the forth quarter 2022

Quarterly Results, Trends, Rankings, Statistics


Vnet Group Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the forth quarter 2023 to a ratio of 4.32, above the company average. This is a clear sign of healthy business climate in the Internet Services & Social Media industry and improving liquidity at their respective customers, during the forth quarter 2023. Average receivable collection period, for the Vnet Group Inc in Dec 31 2023 quarter, has decreased to 84 days, compared to 462 days, in the 0 quarter.

If we take a look into Technology sector 528 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Dec 31 2023 from 0 to 3059.

What is Receivable Turnover Ratio?
What is Vnet Group Inc Selling?


What is Receivable Turnover Ratio?




VNET 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 -12.99 % -12.99 % -12.99 % -12.99 % 12.46 %
Y / Y Revenue Change 430.19 % - - - -79.73 %
Receivable Turnover Ratio (TTM) 4.32 0.79 0.76 0.73 0.71
VNET's Total Ranking # 3059 # 0 # 2535 # 0 # 3007
Average receivable collection period 84 465 481 498 515
Seq. Receivable Change 0 % 0 % 0 % -12.99 % 0 %
Seq. Revenue Change - - - - -


Receivable Turnover Company Ranking
Within: No.
Internet Services & Social Media Industry # 50
Technology Sector # 529
Overall Market # 3059

Receivable Turnover Ratio Statistics
High Average Low
5.95 4.23 0.71
(Dec 31 2017)   (Dec 31 2022)






Financial Statements
Vnet Group Inc 's Accounts Receivable $ 242 Millions Visit VNET's Balance sheet
Vnet Group Inc 's Sales TTM $ 1,044 Millions Visit VNET's Income Statement
Sources of VNET's Revenues Visit VNET's Sales by Geography

Other Accounts Receivable Turnover Ratios
Internet Services & Social Media Industry Accounts Receivable Turnover Trends and Statistics
Technology Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
VNET's Receivable Turnover Ratio versus Internet Services & Social Media Industry, Technology Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

You may also want to know
VNET's Growth Rates VNET's Roa VNET's Inventory Turnover Ratio VNET's Dividend Comparisons
VNET's Profitability Ratios VNET's Roi VNET's Asset Turnover Ratio VNET's Dividend Growth
VNET's Valuation Ratios VNET's Roe VNET's Financial Strength Ratios VNET'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
Digitalocean Holdings Inc   11.80 $ 691.917  Millions$ 58.618  Millions
Golden Matrix Group Inc   11.73 $ 45.240  Millions$ 3.856  Millions
8x8 Inc   11.68 $ 733.821  Millions$ 62.841  Millions
Data I  11.66 $ 28.064  Millions$ 2.406  Millions
Gan Limited  11.60 $ 129.419  Millions$ 11.153  Millions
Premier Inc   11.56 $ 1,314.655  Millions$ 113.752  Millions
Minim Inc   11.54 $ 25.471  Millions$ 2.207  Millions
Ubiquiti Inc   11.47 $ 1,875.599  Millions$ 163.556  Millions
Virtual Interactive Technologies Corp   11.24 $ 0.140  Millions$ 0.013  Millions
Satellogic Inc   11.18 $ 10.074  Millions$ 0.901  Millions
Broadcom Inc   11.05 $ 38,865.000  Millions$ 3,517.000  Millions
Leet Technology Inc   11.03 $ 0.317  Millions$ 0.029  Millions
Everquote Inc   11.01 $ 287.921  Millions$ 26.142  Millions
Thomson Reuters Corporation  10.99 $ 6,794.000  Millions$ 618.000  Millions
Where Food Comes From Inc   10.97 $ 25.284  Millions$ 2.304  Millions
Duos Technologies Group Inc   10.96 $ 7.471  Millions$ 0.681  Millions
Quicklogic Corp  10.90 $ 20.487  Millions$ 1.880  Millions
Mobivity Holdings Corp   10.77 $ 6.848  Millions$ 0.636  Millions
Rubicon Technologies Inc   10.73 $ 697.582  Millions$ 65.026  Millions
Sharplink Gaming Inc   10.69 $ 14.398  Millions$ 1.347  Millions
Bumble Inc   10.62 $ 1,051.830  Millions$ 99.005  Millions
Dirtt Environmental Solutions Ltd  10.59 $ 181.931  Millions$ 17.173  Millions
Data Storage Corporation  10.51 $ 24.960  Millions$ 2.374  Millions
Frequency Electronics Inc  10.44 $ 52.701  Millions$ 5.050  Millions
Kyndryl Holdings Inc  10.39 $ 16,458.000  Millions$ 1,583.500  Millions
Adobe Inc   10.27 $ 19,409.000  Millions$ 1,890.250  Millions
Meta Platforms Inc   10.25 $ 134,902.000  Millions$ 13,167.000  Millions
Taiwan Semiconductor Manufacturing Company Limited  10.23 $ 70,598.800  Millions$ 6,901.500  Millions
Optex Systems Holdings Inc   10.21 $ 28.586  Millions$ 2.800  Millions
Playstudios Inc   10.20 $ 313.482  Millions$ 30.735  Millions

Date modified: 2024-04-29T23:56:21+00:00



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