LabTurbo Biotech (ROCO:7725) Receivables Turnover : 3.25 (As of Dec. 2024)

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What is LabTurbo Biotech 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. LabTurbo Biotech's Revenue for the six months ended in Dec. 2024 was NT$31.91 Mil. LabTurbo Biotech's average Accounts Receivable for the six months ended in Dec. 2024 was NT$9.82 Mil. Hence, LabTurbo Biotech's Receivables Turnover for the six months ended in Dec. 2024 was 3.25.

LabTurbo Biotech Receivables Turnover Historical Data

The historical data trend for LabTurbo Biotech'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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LabTurbo Biotech Receivables Turnover Chart

LabTurbo Biotech Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

2.73

5.73

3.13

7.63

LabTurbo Biotech Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial			3.03	2.32	1.06	3.87	3.25

Competitive Comparison of LabTurbo Biotech's Receivables Turnover

For the Biotechnology subindustry, LabTurbo Biotech'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.

LabTurbo Biotech's Receivables Turnover Distribution in the Biotechnology Industry

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

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

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LabTurbo Biotech Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	72.975	/ (	(10.367	+	8.77)	/	2 )
=	72.975	/	9.5685
=	7.63

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

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	31.907	/ (	(10.861	+	8.77)	/	2 )
=	31.907	/	9.8155
=	3.25

LabTurbo Biotech (ROCO:7725) 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.

LabTurbo Biotech Receivables Turnover Related Terms

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LabTurbo Biotech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » LabTurbo Biotech Corp (ROCO:7725) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3F-1, No. 150, Section 4, Chengde Road, Shilin District, Taipei, TWN

Website

https://www.labturbo.com.tw

LabTurbo Biotech Corp is a company that is mainly engaged in the research and development, production, sales of nucleic acid extraction, genetic testing, genetic testing reagents, instruments, and the operation of sports science venues. Its main products and services include the entire process. Automated precision medical genetic testing systems and reagent kits as well as testing services.

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