Ginkgo Bioworks Holdings (Ginkgo Bioworks Holdings) Receivables Turnover : 1.80 (As of Mar. 2024)

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What is Ginkgo Bioworks Holdings 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. Ginkgo Bioworks Holdings's Revenue for the three months ended in Mar. 2024 was $37.94 Mil. Ginkgo Bioworks Holdings's average Accounts Receivable for the three months ended in Mar. 2024 was $21.04 Mil. Hence, Ginkgo Bioworks Holdings's Receivables Turnover for the three months ended in Mar. 2024 was 1.80.

Ginkgo Bioworks Holdings Receivables Turnover Historical Data

The historical data trend for Ginkgo Bioworks Holdings'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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Ginkgo Bioworks Holdings Receivables Turnover Chart

Ginkgo Bioworks Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

4.59

4.23

4.46

5.01

Ginkgo Bioworks Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											0.97	1.07	0.85	0.87	1.80

Competitive Comparison of Ginkgo Bioworks Holdings's Receivables Turnover

For the Biotechnology subindustry, Ginkgo Bioworks Holdings'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.

Ginkgo Bioworks Holdings's Receivables Turnover Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Ginkgo Bioworks Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ginkgo Bioworks Holdings's Receivables Turnover falls into.

Ginkgo Bioworks Holdings Receivables Turnover Calculation

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

Ginkgo Bioworks Holdings'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 )
=	251.455	/ (	(82.465	+	17.899)	/	2 )
=	251.455	/	50.182
=	5.01

Ginkgo Bioworks Holdings'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 )
=	37.944	/ (	(17.899	+	24.189)	/	2 )
=	37.944	/	21.044
=	1.80

Ginkgo Bioworks Holdings (NYSE:DNA.WS) 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.

Ginkgo Bioworks Holdings Receivables Turnover Related Terms

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Ginkgo Bioworks Holdings (Ginkgo Bioworks Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Ginkgo Bioworks Holdings Inc (NYSE:DNA.WS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

DNA:USA DNA:Mexico

Address

27 Drydock Avenue, 8th Floor, Boston, MA, USA, 02210

Website

https://www.ginkgobioworks.com

Ginkgo Bioworks Holdings Inc is the platform for cell programming, providing flexible, end-to-end services that solve challenges for organizations across diverse markets, from food and agriculture to pharmaceuticals to industrial and specialty chemicals. The Company reorganized its operations into two operating and reportable segments: Foundry and Biosecurity. The Biosecurity segment generates the majority of revenue.