Meihao Medical Group Co (HKSE:01947) Receivables Turnover : 43.76 (As of Jun. 2023)

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What is Meihao Medical Group 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. Meihao Medical Group Co's Revenue for the six months ended in Jun. 2023 was HK$38.27 Mil. Meihao Medical Group Co's average Accounts Receivable for the six months ended in Jun. 2023 was HK$0.87 Mil. Hence, Meihao Medical Group Co's Receivables Turnover for the six months ended in Jun. 2023 was 43.76.

Meihao Medical Group Co Receivables Turnover Historical Data

The historical data trend for Meihao Medical Group 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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Meihao Medical Group Co Receivables Turnover Chart

Meihao Medical Group Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

96.39

111.25

163.54

215.74

111.14

Meihao Medical Group Co Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			-	91.21	134.27	43.76	41.56

Competitive Comparison of Meihao Medical Group Co's Receivables Turnover

For the Medical Instruments & Supplies subindustry, Meihao Medical Group 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.

Meihao Medical Group Co's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Meihao Medical Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Meihao Medical Group Co's Receivables Turnover falls into.

Meihao Medical Group Co Receivables Turnover Calculation

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

Meihao Medical Group Co's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	142.278	/ (	(0.735	+	0.584)	/	2 )
=	142.278	/	0.6595
=	215.74

Meihao Medical Group Co'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: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	38.266	/ (	(0.584	+	1.165)	/	2 )
=	38.266	/	0.8745
=	43.76

Meihao Medical Group Co (HKSE:01947) 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.

Meihao Medical Group Co Receivables Turnover Related Terms

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Meihao Medical Group Co (HKSE:01947) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Meihao Medical Group Co Ltd (HKSE:01947) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

197 Fuqian Street, Lucheng District, Zhejiang Province, Wenzhou, CHN

Website

https://www.meihaomedical.com

Meihao Medical Group Co Ltd is a dental service provider in Wenzhou. It offers services to individuals, covering principally four dental sectors namely, general dentistry, reparative dentistry, implant dentistry, and orthodontics and cosmetic dentistry.

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