Jin Medical International (Jin Medical International) Receivables Turnover : 2.28 (As of Sep. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Jin Medical 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. Jin Medical International's Revenue for the six months ended in Sep. 2023 was $9.57 Mil. Jin Medical International's average Accounts Receivable for the six months ended in Sep. 2023 was $4.20 Mil. Hence, Jin Medical International's Receivables Turnover for the six months ended in Sep. 2023 was 2.28.

Jin Medical International Receivables Turnover Historical Data

The historical data trend for Jin Medical 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.

* Premium members only.

Jin Medical International Receivables Turnover Chart

Jin Medical International Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

2.17

3.37

4.29

4.77

Jin Medical International Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial			2.33	2.18	2.46	2.49	2.28

Competitive Comparison of Jin Medical International's Receivables Turnover

For the Medical Instruments & Supplies subindustry, Jin Medical 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.

Jin Medical International's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Jin Medical International's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jin Medical International's Receivables Turnover falls into.

Jin Medical International Receivables Turnover Calculation

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

Jin Medical International's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	19.821	/ (	(4.084	+	4.231)	/	2 )
=	19.821	/	4.1575
=	4.77

Jin Medical International'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 )
=	9.568	/ (	(4.161	+	4.231)	/	2 )
=	9.568	/	4.196
=	2.28

Jin Medical International (NAS:ZJYL) 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.

Jin Medical International Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Jin Medical International's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Jin Medical International (Jin Medical International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Jin Medical International Ltd (NAS:ZJYL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 33 Lingxiang Road,, Wujin District, Jiangsu Province, Changzhou City, CHN, KY1-1205

Website

Jin Medical International Ltd offers rehabilitation equipment. It is primarily engaged in the design, development, manufacturing, and sales of wheelchair and other living aids products to be used by people with disabilities or impaired mobility. The Company's products are sold to distributors in both China and in overseas markets. Its product offerings comprise Wheelechaire serirs, Bath products, oxygen machines, nursing products, and conlo products.