U-Neuron Biomedical (ROCO:6973) Receivables Turnover : 6.63 (As of Dec. 2023)

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What is U-Neuron Biomedical 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. U-Neuron Biomedical's Revenue for the six months ended in Dec. 2023 was NT$15.02 Mil. U-Neuron Biomedical's average Accounts Receivable for the six months ended in Dec. 2023 was NT$2.27 Mil. Hence, U-Neuron Biomedical's Receivables Turnover for the six months ended in Dec. 2023 was 6.63.

U-Neuron Biomedical Receivables Turnover Historical Data

The historical data trend for U-Neuron Biomedical'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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U-Neuron Biomedical Receivables Turnover Chart

U-Neuron Biomedical Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

18.12

16.69

12.99

U-Neuron Biomedical Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	-	13.14	5.63	5.37	6.63

Competitive Comparison of U-Neuron Biomedical's Receivables Turnover

For the Biotechnology subindustry, U-Neuron Biomedical'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.

U-Neuron Biomedical's Receivables Turnover Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, U-Neuron Biomedical's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where U-Neuron Biomedical's Receivables Turnover falls into.

U-Neuron Biomedical Receivables Turnover Calculation

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

U-Neuron Biomedical'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 )
=	27.023	/ (	(2.051	+	2.109)	/	2 )
=	27.023	/	2.08
=	12.99

U-Neuron Biomedical'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	15.023	/ (	(2.421	+	2.109)	/	2 )
=	15.023	/	2.265
=	6.63

U-Neuron Biomedical (ROCO:6973) 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.

U-Neuron Biomedical Receivables Turnover Related Terms

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U-Neuron Biomedical (ROCO:6973) Business Description

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Address

Website

https://en.u-neuron.com

U-Neuron Biomedical Inc is engaged in research and development of stem cell storage & separation technology, and treatment application technology. It has patent on the Technology of Culture and Isolation of Amniotic Fluid Stem Cell.

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