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Chengdu Bright Eye Hospital Co (SZSE:301239) Receivables Turnover : 5.44 (As of Mar. 2024)


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What is Chengdu Bright Eye Hospital 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. Chengdu Bright Eye Hospital Co's Revenue for the three months ended in Mar. 2024 was ¥676 Mil. Chengdu Bright Eye Hospital Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥124 Mil. Hence, Chengdu Bright Eye Hospital Co's Receivables Turnover for the three months ended in Mar. 2024 was 5.44.


Chengdu Bright Eye Hospital Co Receivables Turnover Historical Data

The historical data trend for Chengdu Bright Eye Hospital 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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Chengdu Bright Eye Hospital Co Receivables Turnover Chart

Chengdu Bright Eye Hospital Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 19.66 23.16 28.63 30.69 30.64

Chengdu Bright Eye Hospital Co Quarterly Data
Dec17 Dec18 Dec19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.45 7.08 7.07 4.76 5.44

Competitive Comparison of Chengdu Bright Eye Hospital Co's Receivables Turnover

For the Medical Care Facilities subindustry, Chengdu Bright Eye Hospital 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.


Chengdu Bright Eye Hospital Co's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Chengdu Bright Eye Hospital Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Chengdu Bright Eye Hospital Co's Receivables Turnover falls into.



Chengdu Bright Eye Hospital Co Receivables Turnover Calculation

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

Chengdu Bright Eye Hospital 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 )
=2717.873 / ((58.144 + 119.291) / 2 )
=2717.873 / 88.7175
=30.64

Chengdu Bright Eye Hospital 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 )
=675.883 / ((119.291 + 129.059) / 2 )
=675.883 / 124.175
=5.44

* 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.


Chengdu Bright Eye Hospital Co  (SZSE:301239) 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.


Chengdu Bright Eye Hospital Co Receivables Turnover Related Terms

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Chengdu Bright Eye Hospital Co (SZSE:301239) Business Description

Traded in Other Exchanges
N/A
Address
No. 215, North 4th Section, First Ring Road, Jinniu District, Sichuan Province, Chengdu, CHN, 610084
Chengdu Bright Eye Hospital Co Ltd is engaged in providing diagnosis, treatment, health care and medical optometry and other ophthalmic general medical services for patients with ophthalmic diseases.

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