Cordlife Group (SGX:P8A) Receivables Turnover : 0.76 (As of Dec. 2024)

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What is Cordlife Group 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. Cordlife Group's Revenue for the six months ended in Dec. 2024 was S$18.65 Mil. Cordlife Group's average Accounts Receivable for the six months ended in Dec. 2024 was S$24.57 Mil. Hence, Cordlife Group's Receivables Turnover for the six months ended in Dec. 2024 was 0.76.

Cordlife Group Receivables Turnover Historical Data

The historical data trend for Cordlife Group'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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Cordlife Group Receivables Turnover Chart

Cordlife Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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2.49

2.39

2.23

2.31

1.16

Cordlife Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															1.18	1.10	1.13	0.39	0.76

Competitive Comparison of Cordlife Group's Receivables Turnover

For the Diagnostics & Research subindustry, Cordlife Group'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.

Cordlife Group's Receivables Turnover Distribution in the Medical Diagnostics & Research Industry

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

* The bar in red indicates where Cordlife Group's Receivables Turnover falls into.

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Cordlife Group Receivables Turnover Calculation

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

Cordlife Group'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 )
=	27.843	/ (	(22.672	+	25.162)	/	2 )
=	27.843	/	23.917
=	1.16

Cordlife Group'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 )
=	18.653	/ (	(23.986	+	25.162)	/	2 )
=	18.653	/	24.574
=	0.76

Cordlife Group (SGX:P8A) 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.

Cordlife Group Receivables Turnover Related Terms

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Cordlife Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Cordlife Group Ltd (SGX:P8A) » Definitions » Receivables Turnover

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CLIFF:USA

Address

1 Yishun Industrial Street 1, Number 06-01/09, A'Posh Bizhub, Singapore, SGP, 768160

Website

https://www.cordlife.com

Cordlife Group Ltd is a consumer healthcare company dedicated to safeguarding the well-being of mother and child. Cordlife has processing and storage facilities in six key markets across Asia, namely Singapore, Hong Kong, Malaysia, India, Indonesia, and the Philippines. The company has two segments - The Banking segment, which comprises cord blood, cord lining, and cord tissue services. The Diagnostics segment comprises Metascreen, which is a non-invasive metabolic screening test specially designed for newborn babies, a non-invasive prenatal testing service and Eyescreen, a paediatric eye-screening service.

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