Synergy Pharmaceuticals (FRA:S90) Receivables Turnover : 1.25 (As of Sep. 2018)

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What is Synergy Pharmaceuticals 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. Synergy Pharmaceuticals's Revenue for the three months ended in Sep. 2018 was €9.52 Mil. Synergy Pharmaceuticals's average Accounts Receivable for the three months ended in Sep. 2018 was €7.59 Mil. Hence, Synergy Pharmaceuticals's Receivables Turnover for the three months ended in Sep. 2018 was 1.25.

Synergy Pharmaceuticals Receivables Turnover Historical Data

The historical data trend for Synergy Pharmaceuticals'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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Synergy Pharmaceuticals Receivables Turnover Chart

Synergy Pharmaceuticals Annual Data

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Receivables Turnover

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2.59

Synergy Pharmaceuticals Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Receivables Turnover	Get a 7-Day Free Trial															1.45	1.64	1.21	1.58	1.25

Competitive Comparison of Synergy Pharmaceuticals's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Synergy Pharmaceuticals'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.

Synergy Pharmaceuticals's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Synergy Pharmaceuticals's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Synergy Pharmaceuticals's Receivables Turnover falls into.

Synergy Pharmaceuticals Receivables Turnover Calculation

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

Synergy Pharmaceuticals's Receivables Turnover for the fiscal year that ended in Dec. 2017 is calculated as

	Receivables Turnover (A: Dec. 2017 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2017 )	/ (	(Accounts Receivable (A: Dec. 2016 )	+	Accounts Receivable (A: Dec. 2017 ))	/	count )
=	14.213	/ (	(0	+	5.485)	/	1 )
=	14.213	/	5.485
=	2.59

Synergy Pharmaceuticals's Receivables Turnover for the quarter that ended in Sep. 2018 is calculated as

	Receivables Turnover (Q: Sep. 2018 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2018 )	/ (	(Accounts Receivable (Q: Jun. 2018 )	+	Accounts Receivable (Q: Sep. 2018 ))	/	count )
=	9.517	/ (	(7.285	+	7.903)	/	2 )
=	9.517	/	7.594
=	1.25

Synergy Pharmaceuticals (FRA:S90) 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.

Synergy Pharmaceuticals Receivables Turnover Related Terms

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Synergy Pharmaceuticals (FRA:S90) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Synergy Pharmaceuticals Inc (FRA:S90) » Definitions » Receivables Turnover

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Address

420 Lexington Avenue, Suite 2012, New York, NY, USA, 10170

Website

http://www.synergypharma.com

Synergy Pharmaceuticals Inc functions in the healthcare sector based in the United States. It focusses on developing therapies to combat gastrointestinal diseases. The company's basic ingredient is the uroguanylin analog, which it employs in its products candidates such as plecanatide and dolcanatide. Plecanatide is a once-daily tablet, which addresses chronic idiopathic constipation and the irritable bowel syndrome. Dolcanatide is meant to cure inflammatory bowel disease by aiding the process of digestive breakdown.

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