EuroEyes International Eye Clinic (HKSE:01846) Receivables Turnover : 44.95 (As of Dec. 2023)

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What is EuroEyes International Eye Clinic 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. EuroEyes International Eye Clinic's Revenue for the six months ended in Dec. 2023 was HK$367.9 Mil. EuroEyes International Eye Clinic's average Accounts Receivable for the six months ended in Dec. 2023 was HK$8.2 Mil. Hence, EuroEyes International Eye Clinic's Receivables Turnover for the six months ended in Dec. 2023 was 44.95.

EuroEyes International Eye Clinic Receivables Turnover Historical Data

The historical data trend for EuroEyes International Eye Clinic'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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EuroEyes International Eye Clinic Receivables Turnover Chart

EuroEyes International Eye Clinic Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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120.62

134.00

165.28

141.11

114.79

EuroEyes International Eye Clinic Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial								80.30	67.80	49.96	46.00	44.95

Competitive Comparison of EuroEyes International Eye Clinic's Receivables Turnover

For the Medical Care Facilities subindustry, EuroEyes International Eye Clinic'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.

EuroEyes International Eye Clinic's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, EuroEyes International Eye Clinic's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where EuroEyes International Eye Clinic's Receivables Turnover falls into.

EuroEyes International Eye Clinic Receivables Turnover Calculation

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

EuroEyes International Eye Clinic'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 )
=	714.289	/ (	(5.568	+	6.877)	/	2 )
=	714.289	/	6.2225
=	114.79

EuroEyes International Eye Clinic's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	367.907	/ (	(9.492	+	6.877)	/	2 )
=	367.907	/	8.1845
=	44.95

EuroEyes International Eye Clinic (HKSE:01846) 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.

EuroEyes International Eye Clinic Receivables Turnover Related Terms

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EuroEyes International Eye Clinic (HKSE:01846) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » EuroEyes International Eye Clinic Ltd (HKSE:01846) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Valentinskamp 90, Hamburg, DEU, 20355

Website

https://www.euroeyes.hk

EuroEyes International Eye Clinic Ltd is a laser eye surgery clinic. The firm's operating segments are the Provision of vision correction services, sales of pharmaceutical products, and Rental of ophthalmic equipment and operating spaces, Rendering of training service and Interest income. Its geographical segments are Germany, China, Denmark and UK. The Group's services include treatment of myopia, treatment of high myopia, treatment of presbyopia, and treatment of cataracts. The company generates a majority of its revenue from the provision of correction services in Germany.

Executives

Jørgensen Jørn Slot	2101 Beneficial owner
Jørgensen Susanne	2202 Interest of your spouse
Jørgensen Jørn Slot	2101 Beneficial owner
Jørgensen Susanne	2202 Interest of your spouse

EuroEyes International Eye Clinic (HKSE:01846) Headlines

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