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. JRSIS Health Care's Revenue for the
three
months ended in Sep. 2023 was $0.01 Mil. JRSIS Health Care's average Accounts Receivable for the
three
months ended in Sep. 2023 was $0.01 Mil.
Hence, JRSIS Health Care's Receivables Turnover for the
three
months ended in Sep. 2023 was 1.00.
JRSIS Health Care Receivables Turnover Historical Data
The historical data trend for JRSIS Health Care'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.
Competitive Comparison of JRSIS Health Care's Receivables Turnover
For the Medical Care Facilities subindustry, JRSIS Health Care'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.
JRSIS Health Care's Receivables Turnover Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, JRSIS Health Care's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where JRSIS Health Care's Receivables Turnover falls into.
JRSIS Health Care Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
JRSIS Health Care's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as
* 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.
JRSIS Health Care (OTCPK:JRSS) 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.
JRSIS Health Care Receivables Turnover Related Terms
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JRSIS Health Care (JRSIS Health Care) Business Description
JRSIS Health Care Corp is engaged in operating Jiarun Hospital, a private hospital with nearly 950 open beds. The Jiarun Hospital services in the areas of pediatrics, dermatology, ears, nose, and throat (ent), traditional Chinese medicine (TCM), ophthalmology, internal medicine dentistry, general surgery, rehabilitation science, gynecology, general medical services, and others. It also offers patient care and the sale of medicine in the areas of both Western and Chinese medical practices to the residents of Harbin.
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