Beijing Chunlizhengda Medical Instruments Co (SHSE:688236) Receivables Turnover : 1.01 (As of Jun. 2024)

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What is Beijing Chunlizhengda Medical Instruments 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. Beijing Chunlizhengda Medical Instruments Co's Revenue for the six months ended in Jun. 2024 was ¥380 Mil. Beijing Chunlizhengda Medical Instruments Co's average Accounts Receivable for the six months ended in Jun. 2024 was ¥378 Mil. Hence, Beijing Chunlizhengda Medical Instruments Co's Receivables Turnover for the six months ended in Jun. 2024 was 1.01.

Beijing Chunlizhengda Medical Instruments Co Receivables Turnover Historical Data

The historical data trend for Beijing Chunlizhengda Medical Instruments 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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Beijing Chunlizhengda Medical Instruments Co Receivables Turnover Chart

Beijing Chunlizhengda Medical Instruments Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.38

4.90

3.57

2.70

Beijing Chunlizhengda Medical Instruments Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															1.14	1.15	1.01	1.36	1.01

Competitive Comparison of Beijing Chunlizhengda Medical Instruments Co's Receivables Turnover

For the Medical Devices subindustry, Beijing Chunlizhengda Medical Instruments 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.

Beijing Chunlizhengda Medical Instruments Co's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Beijing Chunlizhengda Medical Instruments Co's Receivables Turnover falls into.

Beijing Chunlizhengda Medical Instruments Co Receivables Turnover Calculation

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

Beijing Chunlizhengda Medical Instruments 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 )
=	1208.524	/ (	(488.746	+	405.896)	/	2 )
=	1208.524	/	447.321
=	2.70

Beijing Chunlizhengda Medical Instruments Co's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	380.131	/ (	(405.896	+	349.739)	/	2 )
=	380.131	/	377.8175
=	1.01

Beijing Chunlizhengda Medical Instruments Co (SHSE:688236) 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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Beijing Chunlizhengda Medical Instruments Co Business Description

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01858:Hong Kong

Address

No. 10 Xinmi Xi Er Road, Southern District of Tongzhou, Economic Development Zone, Tongzhou District, Beijing, CHN

Website

http://www.clzd.com

Beijing Chunlizhengda Medical Instruments Co Ltd is an orthopedic medical device company. It is engaged in the research, development, manufacture, and sale of orthopedic medical devices, including joint prosthesis products and spinal products. The products offered by the company are Standard joint prosthesis products, Custom joint prosthesis products, Spinal products, Sports medicine products, oral products, Platelet Rich Plasma Products, Yangtze River INS-intelligent robot and others. It operates in the business segment of manufacture and trading of surgical implants, instruments and related products.

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