Jiangsu Nanfang Medical Co (SHSE:603880) Receivables Turnover : 1.44 (As of Mar. 2025)

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What is Jiangsu Nanfang Medical Co 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. Jiangsu Nanfang Medical Co's Revenue for the three months ended in Mar. 2025 was ¥170.9 Mil. Jiangsu Nanfang Medical Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥118.6 Mil. Hence, Jiangsu Nanfang Medical Co's Receivables Turnover for the three months ended in Mar. 2025 was 1.44.

Jiangsu Nanfang Medical Co Receivables Turnover Historical Data

The historical data trend for Jiangsu Nanfang Medical Co'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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Jiangsu Nanfang Medical Co Receivables Turnover Chart

Jiangsu Nanfang Medical Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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9.47

5.23

4.56

4.47

4.98

Jiangsu Nanfang Medical Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															0.95	1.04	1.00	1.16	1.44

Competitive Comparison of Jiangsu Nanfang Medical Co's Receivables Turnover

For the Medical Instruments & Supplies subindustry, Jiangsu Nanfang Medical Co'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.

Jiangsu Nanfang Medical Co's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Jiangsu Nanfang Medical Co's Receivables Turnover falls into.

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Jiangsu Nanfang Medical Co Receivables Turnover Calculation

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

Jiangsu Nanfang Medical Co'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 )
=	602.615	/ (	(136.965	+	104.896)	/	2 )
=	602.615	/	120.9305
=	4.98

Jiangsu Nanfang Medical Co's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	170.922	/ (	(104.896	+	132.382)	/	2 )
=	170.922	/	118.639
=	1.44

Jiangsu Nanfang Medical Co (SHSE:603880) 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.

Jiangsu Nanfang Medical Co Receivables Turnover Related Terms

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Jiangsu Nanfang Medical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Jiangsu Nanfang Medical Co Ltd (SHSE:603880) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Guo Xiang Road, Economic Development Zone, Jiangsu Province, Wujin, CHN, 213149

Website

http://www.nfmedical.com.cn

Jiangsu Nanfang Medical Co Ltd is a domestic adhesive dressing production enterprise that integrates research and development, production, and sales. It produces a band-aid in China. The company is focused on the development of self-owned brand products such as first-aid kits, sports protection products, and care products on the basis of the original series of Miaoshou medical dressings.

Executives

Zhou Min	Director
Li Ping	Director
Xiang Qin Hua	Director
Li Fei	Director
Wu Ya Fen	senior management
Li Yong Ping	Director
Zhuang Guo Ping	Director
Li Yong Zhong	Director
Li Yan Hua	Director

Jiangsu Nanfang Medical Co Headlines

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