MicroTech Medical (Hangzhou) Co (HKSE:02235) Receivables Turnover : 1.87 (As of Dec. 2024)

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What is MicroTech Medical (Hangzhou) 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. MicroTech Medical (Hangzhou) Co's Revenue for the six months ended in Dec. 2024 was HK$202.4 Mil. MicroTech Medical (Hangzhou) Co's average Accounts Receivable for the six months ended in Dec. 2024 was HK$108.2 Mil. Hence, MicroTech Medical (Hangzhou) Co's Receivables Turnover for the six months ended in Dec. 2024 was 1.87.

MicroTech Medical (Hangzhou) Co Receivables Turnover Historical Data

The historical data trend for MicroTech Medical (Hangzhou) 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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MicroTech Medical (Hangzhou) Co Receivables Turnover Chart

MicroTech Medical (Hangzhou) Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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7.75

7.31

4.12

4.02

3.56

MicroTech Medical (Hangzhou) Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial					2.44	2.65	2.58	1.88	1.87

Competitive Comparison of MicroTech Medical (Hangzhou) Co's Receivables Turnover

For the Medical Devices subindustry, MicroTech Medical (Hangzhou) 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.

MicroTech Medical (Hangzhou) Co's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, MicroTech Medical (Hangzhou) Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where MicroTech Medical (Hangzhou) Co's Receivables Turnover falls into.

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MicroTech Medical (Hangzhou) Co Receivables Turnover Calculation

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

MicroTech Medical (Hangzhou) Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	363.388	/ (	(80.102	+	123.961)	/	2 )
=	363.388	/	102.0315
=	3.56

MicroTech Medical (Hangzhou) Co's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	202.365	/ (	(92.381	+	123.961)	/	2 )
=	202.365	/	108.171
=	1.87

MicroTech Medical (Hangzhou) Co (HKSE:02235) 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.

MicroTech Medical (Hangzhou) Co Receivables Turnover Related Terms

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MicroTech Medical (Hangzhou) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » MicroTech Medical (Hangzhou) Co Ltd (HKSE:02235) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 108 Liuze Street, Cangqian Street, Yuhang District, Zhejiang Province, Hangzhou, CHN

Website

https://www.microtechmd.com

MicroTech Medical (Hangzhou) Co Ltd is engaged in the research and development and manufacturing and commercialization of diabetes management, providing both diabetes treatment and diabetes monitoring medical devices to improve diabetes management in China and the rest of the world. The company derives a majority of its revenue from China.

Executives

Orbimed Asia Partners V, L.p.	2101 Beneficial owner
Orbimed Asia Gp V, L.p.	2201 Interest of corporation controlled by you
Orbimed Advisors V Limited	2201 Interest of corporation controlled by you
Lilly Asia Ventures Fund Ii, L.p.	2201 Interest of corporation controlled by you
Qm32 Limited	2101 Beneficial owner
Qiming Venture Partners V, L.p.	2201 Interest of corporation controlled by you
Qiming Gp V, L.p.	2201 Interest of corporation controlled by you
Qiming Corporate Gp V, Ltd.	2201 Interest of corporation controlled by you
Lilly Asia Ventures Fund Gp, L.p.	2201 Interest of corporation controlled by you
Lav Evergreen (hong Kong) Co., Limited	2101 Beneficial owner
Lav Corporate Gp, Ltd.	2201 Interest of corporation controlled by you
Zheng Pan
Cd Capital Gp Ltd	2201 Interest of corporation controlled by you
Master Summer Limited	2201 Interest of corporation controlled by you
Cdbi Partners Gp, Ltd	2201 Interest of corporation controlled by you

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