Medtecs International (SGX:546) Receivables Turnover : 1.06 (As of Dec. 2023)

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What is Medtecs International 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. Medtecs International's Revenue for the six months ended in Dec. 2023 was S$34.77 Mil. Medtecs International's average Accounts Receivable for the six months ended in Dec. 2023 was S$32.72 Mil. Hence, Medtecs International's Receivables Turnover for the six months ended in Dec. 2023 was 1.06.

Medtecs International Receivables Turnover Historical Data

The historical data trend for Medtecs International'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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Medtecs International Receivables Turnover Chart

Medtecs International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.89

12.73

3.18

1.54

2.07

Medtecs International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.32	0.78	0.70	0.90	1.06

Competitive Comparison of Medtecs International's Receivables Turnover

For the Medical Instruments & Supplies subindustry, Medtecs International'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.

Medtecs International's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Medtecs International's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Medtecs International's Receivables Turnover falls into.

Medtecs International Receivables Turnover Calculation

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

Medtecs International'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 )
=	70.12	/ (	(41.038	+	26.754)	/	2 )
=	70.12	/	33.896
=	2.07

Medtecs International'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 )
=	34.769	/ (	(38.69	+	26.754)	/	2 )
=	34.769	/	32.722
=	1.06

Medtecs International (SGX:546) 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.

Medtecs International Receivables Turnover Related Terms

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Medtecs International (SGX:546) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Medtecs International Corp Ltd (SGX:546) » Definitions » Receivables Turnover

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9103:Taiwan

Address

No. 330 Sen. Gil J. Puyat Avenue, 22nd Floor, The World Centre, Makati, PHL, 1227

Website

https://www.medtecs.com

Medtecs International Corp Ltd is an investment holding company. The company along with its subsidiaries is a manufacturer of medical consumables and provides healthcare products and services. It operates in three segments The Manufacturing segment produces and sub-contracts medical consumables, including patients apparels, disposable surgical masks, boot covers and surgical gowns, adult diapers, underpads, crochet blankets, bed linens and medical bandages. The Hospital services segment provides laundry and leasing services. The Distribution segment is involved in the marketing of Medtecs-branded medical consumables to hospitals, pharmacies, and other end users. It generates the highest revenue from the Manufacturing segment.

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