Yidu Tech (HKSE:02158) Receivables Turnover : 0.69 (As of Sep. 2023)

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What is Yidu Tech 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. Yidu Tech's Revenue for the six months ended in Sep. 2023 was HK$382.4 Mil. Yidu Tech's average Accounts Receivable for the six months ended in Sep. 2023 was HK$550.3 Mil. Hence, Yidu Tech's Receivables Turnover for the six months ended in Sep. 2023 was 0.69.

Yidu Tech Receivables Turnover Historical Data

The historical data trend for Yidu Tech'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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Yidu Tech Receivables Turnover Chart

Yidu Tech Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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2.33

3.11

2.74

2.85

1.56

Yidu Tech Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial					1.27	1.58	0.87	0.67	0.69

Competitive Comparison of Yidu Tech's Receivables Turnover

For the Health Information Services subindustry, Yidu Tech'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.

Yidu Tech's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Yidu Tech's Receivables Turnover falls into.

Yidu Tech Receivables Turnover Calculation

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

Yidu Tech's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	916.549	/ (	(632.822	+	540.451)	/	2 )
=	916.549	/	586.6365
=	1.56

Yidu Tech's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	382.398	/ (	(540.451	+	560.156)	/	2 )
=	382.398	/	550.3035
=	0.69

Yidu Tech (HKSE:02158) 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.

Yidu Tech Receivables Turnover Related Terms

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Yidu Tech (HKSE:02158) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Yidu Tech Inc (HKSE:02158) » Definitions » Receivables Turnover

Comparable Companies

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0EL:Germany

Address

No.9 Building of Huayuan North Road, 8th Floor Health Work, Haidian District, Beijing, CHN

Website

https://www.yidutechgroup.com

Yidu Tech offers healthcare Big Data. It is an AI cloud-based firm providing solutions and tools to aid in more informed decisions to drive better efficiency in clients' strategies. Its clients are hospitals, pharmaceutical, biotech and medical device firms, research institutions, insurance companies, patients, and regulators. It three business segments are: Big Data platform and solutions, which partners with hospitals and policymakers to drive better efficiency; life sciences solutions, which enables better probability of clinical trial success with less drug development time and cost; and health management solutions, which helps with patient management. The Big Data platform accounted for 33% of revenue, life science solutions 30%, and health management solutions 27%, in fiscal 2022.

Executives

Gong Yingying	2202 Interest of your spouse
Xu Jiming	2101 Beneficial owner
Brunei Investment Agency	2101 Beneficial owner
Gic Private Limited	2102 Investment manager
Sweet Panda Limited	2101 Beneficial owner

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