3D Medicines (HKSE:01244) Receivables Turnover : 4.10 (As of Dec. 2023)

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What is 3D Medicines 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. 3D Medicines's Revenue for the six months ended in Dec. 2023 was HK$308.9 Mil. 3D Medicines's average Accounts Receivable for the six months ended in Dec. 2023 was HK$75.3 Mil. Hence, 3D Medicines's Receivables Turnover for the six months ended in Dec. 2023 was 4.10.

3D Medicines Receivables Turnover Historical Data

The historical data trend for 3D Medicines'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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3D Medicines Receivables Turnover Chart

3D Medicines Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

0.93

7.60

14.92

3D Medicines Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			-	3.05	4.62	3.33	4.10

Competitive Comparison of 3D Medicines's Receivables Turnover

For the Biotechnology subindustry, 3D Medicines'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.

3D Medicines's Receivables Turnover Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, 3D Medicines's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where 3D Medicines's Receivables Turnover falls into.

3D Medicines Receivables Turnover Calculation

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

3D Medicines'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 )
=	694.494	/ (	(87.15	+	5.971)	/	2 )
=	694.494	/	46.5605
=	14.92

3D Medicines's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	308.879	/ (	(144.714	+	5.971)	/	2 )
=	308.879	/	75.3425
=	4.10

3D Medicines (HKSE:01244) 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.

3D Medicines Receivables Turnover Related Terms

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3D Medicines (HKSE:01244) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » 3D Medicines Inc (HKSE:01244) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 and No. 5, Laiyang Road, Shandong, Qingdao, CHN

Website

https://www.3d-medicines.com

3D Medicines Inc is a commercial-stage biopharmaceutical company that researches, develops, and commercialization of drugs in the field of managing cancer as a chronic disease. It develops differentiated immuno-oncology drugs, helping cancer patients live with prolonged survival time and quality of life.

Executives

Gong Zhaolong	2101 Beneficial owner
Zhu Pai	2101 Beneficial owner
Dragon Prosper Holdings Limited	2101 Beneficial owner
Simcere Pharmaceutical Group Limited	2101 Beneficial owner
Gong Zhaolong	2501 Other
Immunal Medixin Us Limited	2101 Beneficial owner
Kastle Limited
Shanghai Zhenlu Enterprise Management Consulting Partnership (limited Partnership)	2101 Beneficial owner
Shenzhen Efung Holding Co., Ltd.	2201 Interest of corporation controlled by you
Shenzhen Efung Investment Management Enterprise (l.p.)	2201 Interest of corporation controlled by you
Shenzhen Efung Ruishi Investment Enterprise (limited Partnership)	2201 Interest of corporation controlled by you
Zhu Jinqiao	2103 Interests held jointly with another person

3D Medicines (HKSE:01244) Headlines

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