So-Young International (So-Young International) Receivables Turnover : 6.61 (As of Dec. 2023)

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What is So-Young International 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. So-Young International's Revenue for the three months ended in Dec. 2023 was $54.7 Mil. So-Young International's average Accounts Receivable for the three months ended in Dec. 2023 was $8.3 Mil. Hence, So-Young International's Receivables Turnover for the three months ended in Dec. 2023 was 6.61.

So-Young International Receivables Turnover Historical Data

The historical data trend for So-Young International'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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So-Young International Receivables Turnover Chart

So-Young International Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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62.62

33.54

31.84

26.20

31.84

So-Young International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															8.33	8.08	8.40	6.49	6.61

Competitive Comparison of So-Young International's Receivables Turnover

For the Health Information Services subindustry, So-Young International'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.

So-Young International's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, So-Young International's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where So-Young International's Receivables Turnover falls into.

So-Young International Receivables Turnover Calculation

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

So-Young International'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 )
=	209.802	/ (	(5.165	+	8.014)	/	2 )
=	209.802	/	6.5895
=	31.84

So-Young International'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	54.7	/ (	(8.542	+	8.014)	/	2 )
=	54.7	/	8.278
=	6.61

So-Young International (NAS:SY) 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.

So-Young International Receivables Turnover Related Terms

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So-Young International (So-Young International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » So-Young International Inc (NAS:SY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 34 Chuangyuan Road, Tower E, Ronsin Technology Center, Chaoyang District, Beijing, CHN, 100102

Website

https://www.soyoung.com

So-Young International Inc is an online destination for discovering, evaluating, and reserving medical aesthetic services in China. Its business model comprises four integrated components: professional content and its distribution through social media networks and its targeted media platforms in China, a social community characterized by signature user-generated content, Online reservation services for a medical aesthetic treatment, and the research, development, production, sales, and agency of laser and other optoelectronic medical beauty equipment. It generates revenues from information services fees and reservation services fees from medical aesthetic service providers.