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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. MGI Tech Co's Revenue for the
three
months ended in Jun. 2026 was ¥781 Mil. MGI Tech Co's average Accounts Receivable for the
three
months ended in Jun. 2026 was ¥1,217 Mil.
Hence, MGI Tech Co's Receivables Turnover for the
three
months ended in Jun. 2026 was 0.64.
MGI Tech Co (SHSE:688114) 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.
MGI Tech Co Receivables Turnover Related Terms
MGI Tech Co Receivables Turnover Historical Data
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The historical data trend for MGI Tech 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.
SHSE:688114 vs ABT, SYK, MDT: Receivables Turnover Comparison
For the Medical Devices subindustry, MGI Tech 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.
MGI Tech Co Receivables Turnover vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, MGI Tech Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where MGI Tech Co's Receivables Turnover falls into.
* 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.
MGI Tech Co (SHSE:688114) has a Receivables Turnover of 0.64 as of Jun. 2026. The accounts 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. View historical data on MGI Tech Co and its competitors. According to the industry distribution chart, MGI Tech Co ranks #744 out of 812 companies in the Medical Devices & Instruments industry, placing it in the top 91.6%.
Is MGI Tech Co's Receivables Turnover too high?
MGI Tech Co's current Receivables Turnover is 0.64. The Medical Devices & Instruments industry median Receivables Turnover is 5.58. MGI Tech Co's value of 0.64 is 88.5% below this industry median. Based on the distribution chart, MGI Tech Co ranks #744 out of 812 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, MGI Tech Co has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MGI Tech Co's Receivables Turnover compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, MGI Tech Co ranks #744 out of 812 companies for Receivables Turnover. This places MGI Tech Co in the lower half of its industry. The industry median Receivables Turnover is 5.58. MGI Tech Co's value of 0.64 is 88.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Medical Devices & Instruments company?
The median Receivables Turnover among Medical Devices & Instruments companies is 5.58, based on 812 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MGI Tech Co's current Receivables Turnover of 0.64 is 88.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on MGI Tech Co and its competitors. For the Medical Devices & Instruments industry, the median Receivables Turnover is 5.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MGI Tech Co's current Receivables Turnover is 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGI Tech Co stock overvalued right now?
Based on GuruFocus' analysis, MGI Tech Co (SHSE:688114) is currently considered Fairly Valued. The stock's GF Value™ is ¥64.28, compared to a current price of ¥62.62 — trading 2.6% below its estimated fair value. The current Receivables Turnover is 0.64 and 88.5% below the Medical Devices & Instruments industry median of 5.58. MGI Tech Co's overall GF Score™ is 71/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For MGI Tech Co (SHSE:688114), the current Receivables Turnover is 0.64 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is MGI Tech Co (SHSE:688114) Overvalued in 2026?
Based on GuruFocus' analysis, MGI Tech Co stock appears to be undervalued.
The current stock price of ¥62.62 is trading 2.6% below its estimated GF Value™ of ¥64.28.
GuruFocus considers MGI Tech Co to be Fairly Valued.
Key valuation signals for SHSE:688114:
Receivables Turnover: 0.64
GF Value™: ¥64.28 vs. price of ¥62.62 (2.6% below fair value)
Industry Position: 88.5% below the Medical Devices & Instruments median (#744 of 812)
No single metric tells the full story. See the SHSE:688114 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MGI Tech Co Ltd is a producer of clinical high-throughput gene sequencers, and its multi-omics platforms include genetic sequencing, medical imaging, and laboratory automation. It provides real-time, panoramic, and full-life-cycle equipment and systems for precision medicine, precision agriculture, precision healthcare, and other relevant industries.
71GF Score
Get the complete analysis for SHSE:688114
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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