IVD Medical Holding (HKSE:01931) Receivables Turnover : 3.34 (As of Dec. 2023)

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What is IVD Medical 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. IVD Medical Holding's Revenue for the six months ended in Dec. 2023 was HK$1,872 Mil. IVD Medical Holding's average Accounts Receivable for the six months ended in Dec. 2023 was HK$560 Mil. Hence, IVD Medical Holding's Receivables Turnover for the six months ended in Dec. 2023 was 3.34.

IVD Medical Holding Receivables Turnover Historical Data

The historical data trend for IVD Medical 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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IVD Medical Holding Receivables Turnover Chart

IVD Medical Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.39

6.13

5.71

4.72

5.56

IVD Medical Holding Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial									3.17	2.31	3.03	2.58	3.34

Competitive Comparison of IVD Medical Holding's Receivables Turnover

For the Medical Distribution subindustry, IVD Medical 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.

IVD Medical Holding's Receivables Turnover Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, IVD Medical Holding's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where IVD Medical Holding's Receivables Turnover falls into.

IVD Medical Holding Receivables Turnover Calculation

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

IVD Medical 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 )
=	3378.012	/ (	(632.949	+	582.063)	/	2 )
=	3378.012	/	607.506
=	5.56

IVD Medical 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 )
=	1871.536	/ (	(537.086	+	582.063)	/	2 )
=	1871.536	/	559.5745
=	3.34

IVD Medical Holding (HKSE:01931) 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.

IVD Medical Holding Receivables Turnover Related Terms

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IVD Medical Holding (HKSE:01931) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » IVD Medical Holding Ltd (HKSE:01931) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 299, Bisheng Road, Room 602, Building 6, Zhangjiang Hi-Tech Park, Pudong New Area District, Shanghai, CHN

Website

http://www.ivdholding.com

IVD Medical Holding Ltd is principally engaged in the sale and manufacture of medical equipment and consumables and the provision of consultancy and maintenance services related to medical equipment. It has three segments. The distribution business, which is the key revenue driver, involves the trading of IVD analysers, reagents, and other consumables to customers such as distributors, hospitals and healthcare institutions, and logistics providers. The After-sales Services provided by Vastec include maintenance and repair services, installation services and end-customer training. Its Self-branded Products Business, distributes its self-developed IVD products under its own brand which includes IVD analysers and reagents under the IVD testing category of Point-of-care testing.

Executives

Leung King Sun
Wu Meizhen	2201 Interest of corporation controlled by you
China International Trust Limited	2201 Interest of corporation controlled by you
Wu Yanfeng	2201 Interest of corporation controlled by you
Wu Mingcong	2201 Interest of corporation controlled by you
Wu Junfeng	2201 Interest of corporation controlled by you
Shen Li	2201 Interest of corporation controlled by you
Nd Medical Technology Limited	2201 Interest of corporation controlled by you
Ma Zhouwei	2201 Interest of corporation controlled by you
Hong Kong Medicine Group Limited	2201 Interest of corporation controlled by you
Hknd Gene Biotechnology Limited	2201 Interest of corporation controlled by you
Fast Benefit Pharmaceutical Limited	2201 Interest of corporation controlled by you
China Smart Pharmaceutical Technology Limited	2201 Interest of corporation controlled by you
3w.com Holding Limited	2201 Interest of corporation controlled by you
Morgan Stanley	2201 Interest of corporation controlled by you

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