Shenzhen New Industries Biomedical Engineering Co (SZSE:300832) Receivables Turnover : 1.52 (As of Mar. 2024)

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What is Shenzhen New Industries Biomedical Engineering Co 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. Shenzhen New Industries Biomedical Engineering Co's Revenue for the three months ended in Mar. 2024 was ¥1,021 Mil. Shenzhen New Industries Biomedical Engineering Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥672 Mil. Hence, Shenzhen New Industries Biomedical Engineering Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.52.

Shenzhen New Industries Biomedical Engineering Co Receivables Turnover Historical Data

The historical data trend for Shenzhen New Industries Biomedical Engineering Co'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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Shenzhen New Industries Biomedical Engineering Co Receivables Turnover Chart

Shenzhen New Industries Biomedical Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.84

9.89

10.30

8.12

7.18

Shenzhen New Industries Biomedical Engineering Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.70	1.65	1.61	1.61	1.52

Competitive Comparison of Shenzhen New Industries Biomedical Engineering Co's Receivables Turnover

For the Medical Devices subindustry, Shenzhen New Industries Biomedical Engineering Co'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.

Shenzhen New Industries Biomedical Engineering Co's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Shenzhen New Industries Biomedical Engineering Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shenzhen New Industries Biomedical Engineering Co's Receivables Turnover falls into.

Shenzhen New Industries Biomedical Engineering Co Receivables Turnover Calculation

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

Shenzhen New Industries Biomedical Engineering Co'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 )
=	3929.656	/ (	(474.694	+	620.483)	/	2 )
=	3929.656	/	547.5885
=	7.18

Shenzhen New Industries Biomedical Engineering Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	1021.43	/ (	(620.483	+	723.383)	/	2 )
=	1021.43	/	671.933
=	1.52

Shenzhen New Industries Biomedical Engineering Co (SZSE:300832) 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.

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Shenzhen New Industries Biomedical Engineering Co (SZSE:300832) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shenzhen New Industries Biomedical Engineering Co Ltd (SZSE:300832) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 23, Jinxiu East Road, Kengzi Street, 21st Floor, New Industrial Bio Building, Jinsha Community, Pingshan District, Guangdong Province, Shenzhen, CHN, 518000

Website

http://www.snibe.com

Shenzhen New Industries Biomedical Engineering Co Ltd is a bio-medical company specialized in clinical laboratory instruments and in vitro diagnostic reagents. The company produces and sells series of automatic chemiluminescence immunoassay instruments and supporting reagents. Its products include Immunoassay, Clinical Chemistry, Integrated System, Lab Automation, and Reagents.

Executives

Ma Jie	Supervisors
Ding Chen Liu	Executives
Zhang Xiao Hong	Executives
Zhang Lei	Directors, executives
Li Ting Hua	Executives
Liu Hai Yan	Executives
Song Hong Tao	Supervisors
Liu Peng	Director
Jiang Li Li	Supervisors

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