WuXi XDC Cayman (FRA:L74) Receivables Turnover : 0.74 (As of Jun. 2023)

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What is WuXi XDC Cayman 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. WuXi XDC Cayman's Revenue for the three months ended in Jun. 2023 was €65.2 Mil. WuXi XDC Cayman's average Accounts Receivable for the three months ended in Jun. 2023 was €88.2 Mil. Hence, WuXi XDC Cayman's Receivables Turnover for the three months ended in Jun. 2023 was 0.74.

WuXi XDC Cayman Receivables Turnover Historical Data

The historical data trend for WuXi XDC Cayman'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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WuXi XDC Cayman Receivables Turnover Chart

WuXi XDC Cayman Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

4.03

5.62

3.64

3.27

WuXi XDC Cayman Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			-	-	0.88	0.74	-

Competitive Comparison of WuXi XDC Cayman's Receivables Turnover

For the Diagnostics & Research subindustry, WuXi XDC Cayman'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.

WuXi XDC Cayman's Receivables Turnover Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, WuXi XDC Cayman's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where WuXi XDC Cayman's Receivables Turnover falls into.

WuXi XDC Cayman Receivables Turnover Calculation

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

WuXi XDC Cayman'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 )
=	272.76	/ (	(61.375	+	105.594)	/	2 )
=	272.76	/	83.4845
=	3.27

WuXi XDC Cayman's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	65.2	/ (	(89.684	+	86.7)	/	2 )
=	65.2	/	88.192
=	0.74

WuXi XDC Cayman (FRA:L74) 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.

WuXi XDC Cayman Receivables Turnover Related Terms

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WuXi XDC Cayman (FRA:L74) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » WuXi XDC Cayman Inc (FRA:L74) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

02268:Hong Kong

Address

No. 11 Xinhui Ring Road, Xinwu, Jiangsu, Wuxi, CHN

Website

WuXi XDC Cayman Inc is a leading CRDMO focused on the global ADC and broader bioconjugate market and the only one dedicated to providing integrated and end-to-end services. Leveraging expertise in both biologics and small molecules, It offers interdisciplinary and comprehensive services, covering bioconjugate discovery, research, development and manufacturing. The company provides these services from proximately located, state-of-the-art laboratories and manufacturing facilities, leading to the significant reduction of development timeline and costs. As a fully integrated one-stop bioconjugate discovery, development and manufacturing platform, its mission is to continuously enhance its platform, and propel and transform the development of the bioconjugate industry.

WuXi XDC Cayman (FRA:L74) Headlines

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