Skystar Bio-Pharmaceutical Co (FRA:GNJC) Receivables Turnover : 0.69 (As of Sep. 2014)

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What is Skystar Bio-Pharmaceutical 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. Skystar Bio-Pharmaceutical Co's Revenue for the three months ended in Sep. 2014 was €14.24 Mil. Skystar Bio-Pharmaceutical Co's average Accounts Receivable for the three months ended in Sep. 2014 was €20.69 Mil. Hence, Skystar Bio-Pharmaceutical Co's Receivables Turnover for the three months ended in Sep. 2014 was 0.69.

Skystar Bio-Pharmaceutical Co Receivables Turnover Historical Data

The historical data trend for Skystar Bio-Pharmaceutical 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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Skystar Bio-Pharmaceutical Co Receivables Turnover Chart

Skystar Bio-Pharmaceutical Co Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Receivables Turnover

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9.65

10.62

12.66

5.02

3.96

Skystar Bio-Pharmaceutical Co Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Receivables Turnover	Get a 7-Day Free Trial															0.82	0.50	0.57	0.91	0.69

Competitive Comparison of Skystar Bio-Pharmaceutical Co's Receivables Turnover

For the Drug Manufacturers - General subindustry, Skystar Bio-Pharmaceutical 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.

Skystar Bio-Pharmaceutical Co's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Skystar Bio-Pharmaceutical Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Skystar Bio-Pharmaceutical Co's Receivables Turnover falls into.

Skystar Bio-Pharmaceutical Co Receivables Turnover Calculation

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

Skystar Bio-Pharmaceutical Co's Receivables Turnover for the fiscal year that ended in Dec. 2013 is calculated as

	Receivables Turnover (A: Dec. 2013 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2013 )	/ (	(Accounts Receivable (A: Dec. 2012 )	+	Accounts Receivable (A: Dec. 2013 ))	/	count )
=	31.013	/ (	(7.628	+	8.037)	/	2 )
=	31.013	/	7.8325
=	3.96

Skystar Bio-Pharmaceutical Co's Receivables Turnover for the quarter that ended in Sep. 2014 is calculated as

	Receivables Turnover (Q: Sep. 2014 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2014 )	/ (	(Accounts Receivable (Q: Jun. 2014 )	+	Accounts Receivable (Q: Sep. 2014 ))	/	count )
=	14.242	/ (	(13.949	+	27.429)	/	2 )
=	14.242	/	20.689
=	0.69

Skystar Bio-Pharmaceutical Co (FRA:GNJC) 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.

Skystar Bio-Pharmaceutical Co Receivables Turnover Related Terms

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Skystar Bio-Pharmaceutical Co (FRA:GNJC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Skystar Bio-Pharmaceutical Co (FRA:GNJC) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 48 Keji Road, 4/F Building B, Chuangye Square, Gaoxin District, Xian, Shaanxi Province, CHN

Website

http://www.skystarbio-pharmaceutical.com

Skystar Bio-Pharmaceutical Co is a holding company. Through its subsidiaries, it is engaged in the research, development, production, marketing, and sales of veterinary healthcare and medical care products in the People's Republic of China. The company provides individually packaged animal wellness and pharmaceutical products for retail sale. It generates revenue from the sales of four product lines namely, veterinary medications, micro-organism, feed additives, and vaccines. The firm develops, manufactures, packages and distributes vaccines; Western medicines, Traditional Chinese Medicine; topicals, supplements, probiotics; diagnostic kits and animal nutrition supplements for poultry, livestock, marine aquaculture and domesticated pets.

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