Jinxin Fertility Group (HKSE:01951) Receivables Turnover : 17.47 (As of Dec. 2023)

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What is Jinxin Fertility Group Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Jinxin Fertility Group's Revenue for the six months ended in Dec. 2023 was HK$1,591 Mil. Jinxin Fertility Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$91 Mil. Hence, Jinxin Fertility Group's Receivables Turnover for the six months ended in Dec. 2023 was 17.47.

Jinxin Fertility Group Receivables Turnover Historical Data

The historical data trend for Jinxin Fertility Group's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Jinxin Fertility Group Receivables Turnover Chart

Jinxin Fertility Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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26.46

52.31

48.87

30.74

35.27

Jinxin Fertility Group Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial									15.38	15.99	15.12	14.94	17.47

Competitive Comparison of Jinxin Fertility Group's Receivables Turnover

For the Medical Care Facilities subindustry, Jinxin Fertility Group's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Jinxin Fertility Group's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Jinxin Fertility Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jinxin Fertility Group's Receivables Turnover falls into.

Jinxin Fertility Group Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Jinxin Fertility Group's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	3050.451	/ (	(93.044	+	79.94)	/	2 )
=	3050.451	/	86.492
=	35.27

Jinxin Fertility Group's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1591.453	/ (	(102.233	+	79.94)	/	2 )
=	1591.453	/	91.0865
=	17.47

Jinxin Fertility Group (HKSE:01951) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Jinxin Fertility Group Receivables Turnover Related Terms

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Jinxin Fertility Group (HKSE:01951) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Jinxin Fertility Group Ltd (HKSE:01951) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

3NX:Germany

Address

No. 301, North Jingsha Road, Jinjiang District, Sichuan, Chengdu, CHN

Website

https://www.jxr-fertility.com

Jinxin Fertility Group Ltd is an investment holding company. Along with its subsidiaries, it is engaged in providing IVF services in both China and the United States. The firm generates its revenue from Assisted reproductive services, management services, and ancillary medical services. Geographically, it generates a majority of its revenue from the People's Republic of China.

Executives

Jinxin Fertility Investment Group Limited	2101 Beneficial owner
Hrc Investment Holding, Llc
Hhlr Advisors, Ltd.	2102 Investment manager
Hhlr Fund, L.p.	2101 Beneficial owner
Morgan Stanley	2201 Interest of corporation controlled by you
Blackrock, Inc.	2201 Interest of corporation controlled by you
Hillhouse Capital Advisors, Ltd.	2102 Investment manager
Gaoling Fund, L.p.	2101 Beneficial owner

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