Artgen Biotech PJSC (MIC:ABIO) Receivables Turnover: 7.23 (As of Jun. 2023)

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MIC:ABIO Artgen Biotech PJSC MIC:ABIO
17 GF Score
Price ₽44.46
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What is Artgen Biotech PJSC Receivables Turnover?

Artgen Biotech PJSC MIC:ABIO +0.50% 17 Receivables Turnover is 7.23 as of Jun. 2023. GuruFocus rates MIC:ABIO with a GF Score™ of 17/100.

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. Artgen Biotech PJSC's Revenue for the six months ended in Jun. 2023 was ₽621 Mil. Artgen Biotech PJSC's average Accounts Receivable for the six months ended in Jun. 2023 was ₽86 Mil. Hence, Artgen Biotech PJSC's Receivables Turnover for the six months ended in Jun. 2023 was 7.23.


Artgen Biotech PJSC  (MIC:ABIO) 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.


Artgen Biotech PJSC Receivables Turnover Related Terms


Artgen Biotech PJSC Receivables Turnover Historical Data

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The historical data trend for Artgen Biotech PJSC'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.

Artgen Biotech PJSC Receivables Turnover Chart

Artgen Biotech PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.01 15.84 14.27 13.62 15.05

Artgen Biotech PJSC Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.93 6.90 6.95 9.18 7.23

MIC:ABIO vs VRTX, REGN, SGEN: Receivables Turnover Comparison

For the Biotechnology subindustry, Artgen Biotech PJSC'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.


Artgen Biotech PJSC Receivables Turnover vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Artgen Biotech PJSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Artgen Biotech PJSC's Receivables Turnover falls into.


MIC:ABIO
17GF Score
Artgen Biotech PJSC MIC:ABIO
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Artgen Biotech PJSC Receivables Turnover Calculation

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

Artgen Biotech PJSC's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=1136.904 / ((83.199 + 67.861) / 2 )
=1136.904 / 75.53
=15.05

Artgen Biotech PJSC's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

Receivables Turnover (Q: Jun. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Jun. 2023 ) / ((Accounts Receivable (Q: Dec. 2022 ) + Accounts Receivable (Q: Jun. 2023 )) / count )
=621.115 / ((67.861 + 103.927) / 2 )
=621.115 / 85.894
=7.23

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 7.23 mean?
Artgen Biotech PJSC (MIC:ABIO) has a Receivables Turnover of 7.23 as of Jun. 2023. The accounts 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. View historical data on Artgen Biotech PJSC and its competitors.
Is Artgen Biotech PJSC's Receivables Turnover too high?
Artgen Biotech PJSC's current Receivables Turnover is 7.23. The Biotechnology industry median Receivables Turnover is 5.28. Artgen Biotech PJSC's value of 7.23 is 36.9% above this industry median. Overall, Artgen Biotech PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Artgen Biotech PJSC's Receivables Turnover compare to VRTX and REGN?
Artgen Biotech PJSC's Receivables Turnover of 7.23 can be compared against companies in the Biotechnology industry. The industry median Receivables Turnover is 5.28. Artgen Biotech PJSC's value of 7.23 is 36.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Biotechnology company?
The median Receivables Turnover among Biotechnology companies is 5.28, based on 848 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Artgen Biotech PJSC's current Receivables Turnover of 7.23 is 36.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Artgen Biotech PJSC and its competitors. For the Biotechnology industry, the median Receivables Turnover is 5.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Artgen Biotech PJSC's current Receivables Turnover is 7.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Artgen Biotech PJSC stock overvalued right now?
Artgen Biotech PJSC (MIC:ABIO) has a current Receivables Turnover of 7.23. The current Receivables Turnover is 7.23 and 36.9% above the Biotechnology industry median of 5.28. Artgen Biotech PJSC's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Artgen Biotech PJSC (MIC:ABIO), the current Receivables Turnover is 7.23 as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Artgen Biotech PJSC Business Description

Address Prospect of the 60th Anniversary, Moscow, RUS, 117036
Artgen Biotech PJSC is a biotechnology company. It is engaged in the drug discovery, research and development and marketing of proprietary products and services in the field of regenerative medicine, bio-insurance, medical genetics, including reproductive genetics, gene therapy, and biopharmaceutics. The company has developed Neovasculgen, which is a gene therapy drug for the treatment of Peripheral Arterial Disease, including Critical Limb Ischemia and also develops SPRS therapy which entails the use of autologous dermal fibroblasts to repair skin damage due to aging and other structural changes.
17GF Score

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