Eyebright Medical Technology (Beijing) Co (SHSE:688050) Receivables Turnover : 1.27 (As of Mar. 2024)

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What is Eyebright Medical Technology (Beijing) 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. Eyebright Medical Technology (Beijing) Co's Revenue for the three months ended in Mar. 2024 was ¥310 Mil. Eyebright Medical Technology (Beijing) Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥245 Mil. Hence, Eyebright Medical Technology (Beijing) Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.27.

Eyebright Medical Technology (Beijing) Co Receivables Turnover Historical Data

The historical data trend for Eyebright Medical Technology (Beijing) 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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Eyebright Medical Technology (Beijing) Co Receivables Turnover Chart

Eyebright Medical Technology (Beijing) Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.79

4.12

6.10

6.77

6.01

Eyebright Medical Technology (Beijing) 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															1.58	1.54	1.52	1.37	1.27

Competitive Comparison of Eyebright Medical Technology (Beijing) Co's Receivables Turnover

For the Medical Instruments & Supplies subindustry, Eyebright Medical Technology (Beijing) 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.

Eyebright Medical Technology (Beijing) Co's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Eyebright Medical Technology (Beijing) Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Eyebright Medical Technology (Beijing) Co's Receivables Turnover falls into.

Eyebright Medical Technology (Beijing) Co Receivables Turnover Calculation

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

Eyebright Medical Technology (Beijing) 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 )
=	951.177	/ (	(103.517	+	212.818)	/	2 )
=	951.177	/	158.1675
=	6.01

Eyebright Medical Technology (Beijing) 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 )
=	310.404	/ (	(212.818	+	276.408)	/	2 )
=	310.404	/	244.613
=	1.27

Eyebright Medical Technology (Beijing) Co (SHSE:688050) 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.

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Eyebright Medical Technology (Beijing) Co (SHSE:688050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Eyebright Medical Technology (Beijing) Co Ltd (SHSE:688050) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

No. 9, Xingchang Road, Science and Technology Park, Changping District, Beijing, CHN, 102200

Website

http://www.ebmedical.com

Eyebright Medical Technology (Beijing) Co Ltd is engaged in research and development, production, sales and related services of ophthalmic medical devices. The company's product range includes Intraocular Lens; IOL Delivery System; Ophthalmic Instruments; Other Products; Literature; and Expert Interview.

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