Jilin Province Huinan Changlong Bio-pharmacy Co (HKSE:08049) Receivables Turnover : 0.93 (As of Dec. 2023)

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What is Jilin Province Huinan Changlong Bio-pharmacy 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. Jilin Province Huinan Changlong Bio-pharmacy Co's Revenue for the three months ended in Dec. 2023 was HK$272.0 Mil. Jilin Province Huinan Changlong Bio-pharmacy Co's average Accounts Receivable for the three months ended in Dec. 2023 was HK$293.5 Mil. Hence, Jilin Province Huinan Changlong Bio-pharmacy Co's Receivables Turnover for the three months ended in Dec. 2023 was 0.93.

Jilin Province Huinan Changlong Bio-pharmacy Co Receivables Turnover Historical Data

The historical data trend for Jilin Province Huinan Changlong Bio-pharmacy 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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Jilin Province Huinan Changlong Bio-pharmacy Co Receivables Turnover Chart

Jilin Province Huinan Changlong Bio-pharmacy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.51

2.76

3.28

3.14

3.02

Jilin Province Huinan Changlong Bio-pharmacy Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.88	0.51	0.92	0.70	0.93

Competitive Comparison of Jilin Province Huinan Changlong Bio-pharmacy Co's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Jilin Province Huinan Changlong Bio-pharmacy 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.

Jilin Province Huinan Changlong Bio-pharmacy Co's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Jilin Province Huinan Changlong Bio-pharmacy Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jilin Province Huinan Changlong Bio-pharmacy Co's Receivables Turnover falls into.

Jilin Province Huinan Changlong Bio-pharmacy Co Receivables Turnover Calculation

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

Jilin Province Huinan Changlong Bio-pharmacy Co'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 )
=	920.464	/ (	(315.814	+	293.49)	/	2 )
=	920.464	/	304.652
=	3.02

Jilin Province Huinan Changlong Bio-pharmacy Co'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	272.029	/ (	(0	+	293.49)	/	1 )
=	272.029	/	293.49
=	0.93

Jilin Province Huinan Changlong Bio-pharmacy Co (HKSE:08049) 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.

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Jilin Province Huinan Changlong Bio-pharmacy Co (HKSE:08049) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Jilin Province Huinan Changlong Bio-pharmacy Co Ltd (HKSE:08049) » Definitions » Receivables Turnover

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JIL:Germany

Address

625 & 639 Nathan Road, Room 1101-2, 11th Floor, Office Tower Two, Grand Plaza, Mong kok, Kowloon, Hong Kong, HKG

Website

http://www.jlchanglong.com

Jilin Province Huinan Changlong Bio-pharmacy Co Ltd is a pharmaceutical company. It is engaged in the manufacturing and distribution of Chinese medicines and pharmaceutical products. The company sells medicines under the brand names: Changlong and Qing Tong. The group has only one business segment which is the manufacture and distribution of Chinese medicines. It derives revenue primarily from operations in the PRC.

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