Shanghai Pioneer Holding (HKSE:01345) Receivables Turnover : 1.81 (As of Dec. 2023)

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What is Shanghai Pioneer Holding 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. Shanghai Pioneer Holding's Revenue for the six months ended in Dec. 2023 was HK$908 Mil. Shanghai Pioneer Holding's average Accounts Receivable for the six months ended in Dec. 2023 was HK$502 Mil. Hence, Shanghai Pioneer Holding's Receivables Turnover for the six months ended in Dec. 2023 was 1.81.

Shanghai Pioneer Holding Receivables Turnover Historical Data

The historical data trend for Shanghai Pioneer Holding'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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Shanghai Pioneer Holding Receivables Turnover Chart

Shanghai Pioneer Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.90

5.04

5.45

4.51

3.60

Shanghai Pioneer Holding Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.95	2.70	2.76	1.65	1.81

Competitive Comparison of Shanghai Pioneer Holding's Receivables Turnover

For the Pharmaceutical Retailers subindustry, Shanghai Pioneer Holding'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.

Shanghai Pioneer Holding's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Shanghai Pioneer Holding's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shanghai Pioneer Holding's Receivables Turnover falls into.

Shanghai Pioneer Holding Receivables Turnover Calculation

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

Shanghai Pioneer Holding'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 )
=	1713.594	/ (	(461.375	+	490.47)	/	2 )
=	1713.594	/	475.9225
=	3.60

Shanghai Pioneer Holding'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 )
=	907.576	/ (	(513.312	+	490.47)	/	2 )
=	907.576	/	501.891
=	1.81

Shanghai Pioneer Holding (HKSE:01345) 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.

Shanghai Pioneer Holding Receivables Turnover Related Terms

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Shanghai Pioneer Holding (HKSE:01345) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Shanghai Pioneer Holding Ltd (HKSE:01345) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.15, Lane 88 Wuwei Road, Putuo District, Shanghai, CHN, 200331

Website

http://www.pioneer-pharma.com

Shanghai Pioneer Holding Ltd is an investment holding company. It is engaged in the marketing, promotion, sales, and channel management service for pharmaceutical products and medical devices in China. The company has a portfolio of pharmaceutical products, covering ophthalmology, pain management, cardiovascular, gastroenterology, immunology, gynecology, and other therapeutic areas, and medical devices covering several medical specialties, including ophthalmology, orthopedics, odontology, and wound care. The majority of its revenue derives from the Sales of pharmaceutical products segment. The group operates mainly in PRC.

Executives

Bank Of Communications Trustee Limited	2301 Trustee
Pioneer Pharma (bvi) Co.,ltd	2101 Beneficial owner
Tian Tian Limited	2201 Interest of corporation controlled by you
Li Xinzhou	2202 Interest of your spouse
Wu Qian	2201 Interest of corporation controlled by you

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