What is China Jo-Jo Drugstores 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. China Jo-Jo Drugstores's Revenue for the
six
months ended in Mar. 2024 was $76.0 Mil. China Jo-Jo Drugstores's average Accounts Receivable for the
six
months ended in Mar. 2024 was $16.7 Mil.
Hence, China Jo-Jo Drugstores's Receivables Turnover for the
six
months ended in Mar. 2024 was 4.56.
China Jo-Jo Drugstores Receivables Turnover Historical Data
The historical data trend for China Jo-Jo Drugstores'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.
Competitive Comparison of China Jo-Jo Drugstores's Receivables Turnover
For the Pharmaceutical Retailers subindustry, China Jo-Jo Drugstores'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.
China Jo-Jo Drugstores's Receivables Turnover Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, China Jo-Jo Drugstores's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where China Jo-Jo Drugstores's Receivables Turnover falls into.
China Jo-Jo Drugstores Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
China Jo-Jo Drugstores's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as
* 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.
China Jo-Jo Drugstores (NAS:CJJD) 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.
China Jo-Jo Drugstores Receivables Turnover Related Terms
Thank you for viewing the detailed overview of China Jo-Jo Drugstores's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
China Jo-Jo Drugstores Inc is a retailer and distributor of pharmaceutical products. The company's operating segments include Retail drugstores, Online Pharmacy, and Drug wholesale. Retail drugstores segment sells prescription and over-the-counter medicines, TCM, dietary supplements, medical devices, and sundry items to retail customers. The online pharmacy segment sells drugs through third-party platforms such as Alibaba's Tmall, JD.com, and Amazon.com. It generates maximum revenue from the Retail drugstores segment.
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