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Guangdong Marubi Biotechnology Co (SHSE:603983) Receivables Turnover : 21.83 (As of Mar. 2024)


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What is Guangdong Marubi Biotechnology 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. Guangdong Marubi Biotechnology Co's Revenue for the three months ended in Mar. 2024 was ¥661 Mil. Guangdong Marubi Biotechnology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥30 Mil. Hence, Guangdong Marubi Biotechnology Co's Receivables Turnover for the three months ended in Mar. 2024 was 21.83.


Guangdong Marubi Biotechnology Co Receivables Turnover Historical Data

The historical data trend for Guangdong Marubi Biotechnology 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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Guangdong Marubi Biotechnology Co Receivables Turnover Chart

Guangdong Marubi Biotechnology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 747.86 496.44 57.07 27.23 45.51

Guangdong Marubi Biotechnology Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.22 9.41 9.37 20.23 21.83

Competitive Comparison of Guangdong Marubi Biotechnology Co's Receivables Turnover

For the Household & Personal Products subindustry, Guangdong Marubi Biotechnology 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.


Guangdong Marubi Biotechnology Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Guangdong Marubi Biotechnology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Guangdong Marubi Biotechnology Co's Receivables Turnover falls into.



Guangdong Marubi Biotechnology Co Receivables Turnover Calculation

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

Guangdong Marubi Biotechnology Co'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 )
=2225.594 / ((69.803 + 28.006) / 2 )
=2225.594 / 48.9045
=45.51

Guangdong Marubi Biotechnology Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=661.391 / ((28.006 + 32.581) / 2 )
=661.391 / 30.2935
=21.83

* 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.


Guangdong Marubi Biotechnology Co  (SHSE:603983) 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.


Guangdong Marubi Biotechnology Co Receivables Turnover Related Terms

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Guangdong Marubi Biotechnology Co (SHSE:603983) Business Description

Traded in Other Exchanges
N/A
Address
No. 92, Peihe Road, Building 2, Science City, High-tech Industrial Development Zone, Guangdong Province, Guangzhou, CHN, 510000
Guangdong Marubi Biotechnology Co Ltd is engaged in the research and development, design, production, sales and service of various types of cosmetics.

Guangdong Marubi Biotechnology Co (SHSE:603983) Headlines

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