Yifeng Pharmacy Chain Co (SHSE:603939) Receivables Turnover : 2.66 (As of Mar. 2024)

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What is Yifeng Pharmacy Chain 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. Yifeng Pharmacy Chain Co's Revenue for the three months ended in Mar. 2024 was ¥5,971 Mil. Yifeng Pharmacy Chain Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥2,247 Mil. Hence, Yifeng Pharmacy Chain Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.66.

Yifeng Pharmacy Chain Co Receivables Turnover Historical Data

The historical data trend for Yifeng Pharmacy Chain 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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Yifeng Pharmacy Chain Co Receivables Turnover Chart

Yifeng Pharmacy Chain Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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15.17

16.63

16.07

13.62

11.34

Yifeng Pharmacy Chain Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															3.37	3.86	3.29	3.57	2.66

Competitive Comparison of Yifeng Pharmacy Chain Co's Receivables Turnover

For the Pharmaceutical Retailers subindustry, Yifeng Pharmacy Chain 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.

Yifeng Pharmacy Chain Co's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Yifeng Pharmacy Chain Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Yifeng Pharmacy Chain Co's Receivables Turnover falls into.

Yifeng Pharmacy Chain Co Receivables Turnover Calculation

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

Yifeng Pharmacy Chain 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 )
=	22588.227	/ (	(1843.941	+	2138.274)	/	2 )
=	22588.227	/	1991.1075
=	11.34

Yifeng Pharmacy Chain 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 )
=	5970.923	/ (	(2138.274	+	2356.243)	/	2 )
=	5970.923	/	2247.2585
=	2.66

Yifeng Pharmacy Chain Co (SHSE:603939) 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.

Yifeng Pharmacy Chain Co Receivables Turnover Related Terms

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Yifeng Pharmacy Chain Co (SHSE:603939) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Yifeng Pharmacy Chain Co Ltd (SHSE:603939) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 68 Yifeng Medicine Park, Hunan Lugu High-tech Zone, Jinzhou Road, Changsha, CHN, 410000

Website

https://www.yfdyf.cn

Yifeng Pharmacy Chain Co Ltd operates as a chain of retail stores that specialize in pharmaceutical and over-the-counter remedies and personal care products in China. Its products include pharmaceuticals, medical equipment, health products, health food, personal care products also maternal and child products. Its stores offer various drugs; gynecological medicines; pediatric medicines: male medicines; contact lenses; Chinese products; nutrition and instruments; and personal care products.

Executives

Xiao Zai Xiang	senior management
Tian Wei	senior management
Wang Fei	senior management
Deng Jian Qin	senior management
Wang Yong Hui	senior management
Fan Wei	senior management
Zhang Jia	senior management
Gao You Cheng	Directors, senior managers
Gao Yi	Directors, senior managers
Zhang En Bo	Supervisors

Yifeng Pharmacy Chain Co (SHSE:603939) Headlines

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