TFBS Bioscience (ROCO:6939) Receivables Turnover : 2.24 (As of Dec. 2024)

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What is TFBS Bioscience 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. TFBS Bioscience's Revenue for the six months ended in Dec. 2024 was NT$89.0 Mil. TFBS Bioscience's average Accounts Receivable for the six months ended in Dec. 2024 was NT$39.8 Mil. Hence, TFBS Bioscience's Receivables Turnover for the six months ended in Dec. 2024 was 2.24.

TFBS Bioscience Receivables Turnover Historical Data

The historical data trend for TFBS Bioscience'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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TFBS Bioscience Receivables Turnover Chart

TFBS Bioscience Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

4.70

4.40

4.83

3.82

3.64

TFBS Bioscience Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial			2.34	2.08	1.97	1.67	2.24

Competitive Comparison of TFBS Bioscience's Receivables Turnover

For the Diagnostics & Research subindustry, TFBS Bioscience'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.

TFBS Bioscience's Receivables Turnover Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, TFBS Bioscience's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where TFBS Bioscience's Receivables Turnover falls into.

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TFBS Bioscience Receivables Turnover Calculation

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

TFBS Bioscience's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	180.558	/ (	(64.671	+	34.457)	/	2 )
=	180.558	/	49.564
=	3.64

TFBS Bioscience's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	88.959	/ (	(45.044	+	34.457)	/	2 )
=	88.959	/	39.7505
=	2.24

TFBS Bioscience (ROCO:6939) 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.

TFBS Bioscience Receivables Turnover Related Terms

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TFBS Bioscience Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » TFBS Bioscience Inc (ROCO:6939) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

No. 103, Lane 169, Kang-ning Street, 3rd Floor, Xizhi District, New Taipei, TWN

Website

https://www.tfbsbio.com

TFBS Bioscience Inc is a Contract Research Organization (CRO) providing biological testing in Taiwan. Its services include viral vector manufacturing for cell and gene therapy products and biosafety testing and product release testing for cell and gene therapy products, vaccines, and biologic products.

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