3SBio, (FRA:YFK) Receivables Turnover : 1.90 (As of Dec. 2016)

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What is 3SBio, 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. 3SBio,'s Revenue for the six months ended in Dec. 2016 was €204.5 Mil. 3SBio,'s average Accounts Receivable for the six months ended in Dec. 2016 was €107.6 Mil. Hence, 3SBio,'s Receivables Turnover for the six months ended in Dec. 2016 was 1.90.

3SBio, Receivables Turnover Historical Data

The historical data trend for 3SBio,'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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3SBio, Receivables Turnover Chart

3SBio, Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec14

Dec15

Dec16

Receivables Turnover

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5.75

5.90

6.84

4.43

4.12

3SBio, Semi-Annual Data
	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16
Receivables Turnover	Get a 7-Day Free Trial															2.58	2.71	1.89	2.25	1.90

Competitive Comparison of 3SBio,'s Receivables Turnover

For the Biotechnology subindustry, 3SBio,'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.

3SBio,'s Receivables Turnover Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, 3SBio,'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where 3SBio,'s Receivables Turnover falls into.

3SBio, Receivables Turnover Calculation

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

3SBio,'s Receivables Turnover for the fiscal year that ended in Dec. 2016 is calculated as

	Receivables Turnover (A: Dec. 2016 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2016 )	/ (	(Accounts Receivable (A: Dec. 2015 )	+	Accounts Receivable (A: Dec. 2016 ))	/	count )
=	383.223	/ (	(78.232	+	107.618)	/	2 )
=	383.223	/	92.925
=	4.12

3SBio,'s Receivables Turnover for the quarter that ended in Dec. 2016 is calculated as

	Receivables Turnover (Q: Dec. 2016 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2016 )	/ (	(Accounts Receivable (Q: Jun. 2016 )	+	Accounts Receivable (Q: Dec. 2016 ))	/	count )
=	204.459	/ (	(0	+	107.618)	/	1 )
=	204.459	/	107.618
=	1.90

3SBio, (FRA:YFK) 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.

3SBio, Receivables Turnover Related Terms

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3SBio, (FRA:YFK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » 3SBio, Inc. (FRA:YFK) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.3sbio.com

3SBio Inc is engaged in the healthcare sector based in China. It is a pharmaceutical products company and its core activities pertain to developing, manufacturing and marketing biopharmaceuticals. Its portfolio of products comprises of TPIAO and Yisaipu. TPIAO is the only commercialized recombinant human thrombopoietin (rhTPO) product in the world and Yisaipu is a TNF inhibibator product and accounts for the major share in the pharmaceutical industry in China. Most of the company's activities are focused on China while having a minor footprint in a foreign land.

3SBio, (FRA:YFK) Headlines

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