Tinavi Medical Technologies Co (SHSE:688277) Receivables Turnover : 0.72 (As of Mar. 2024)

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What is Tinavi Medical Technologies 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. Tinavi Medical Technologies Co's Revenue for the three months ended in Mar. 2024 was ¥28.9 Mil. Tinavi Medical Technologies Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥40.2 Mil. Hence, Tinavi Medical Technologies Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.72.

Tinavi Medical Technologies Co Receivables Turnover Historical Data

The historical data trend for Tinavi Medical Technologies 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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Tinavi Medical Technologies Co Receivables Turnover Chart

Tinavi Medical Technologies Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

5.06

4.42

7.23

5.58

Tinavi Medical Technologies 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															1.48	1.72	1.85	1.97	0.72

Competitive Comparison of Tinavi Medical Technologies Co's Receivables Turnover

For the Medical Instruments & Supplies subindustry, Tinavi Medical Technologies 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.

Tinavi Medical Technologies Co's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

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

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

Tinavi Medical Technologies Co Receivables Turnover Calculation

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

Tinavi Medical Technologies 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 )
=	210.036	/ (	(28.715	+	46.576)	/	2 )
=	210.036	/	37.6455
=	5.58

Tinavi Medical Technologies 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 )
=	28.945	/ (	(46.576	+	33.879)	/	2 )
=	28.945	/	40.2275
=	0.72

Tinavi Medical Technologies Co (SHSE:688277) 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.

Tinavi Medical Technologies Co Receivables Turnover Related Terms

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Tinavi Medical Technologies Co (SHSE:688277) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Tinavi Medical Technologies Co Ltd (SHSE:688277) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

66 Xixiaokou Road, Room 206, 2nd Floor, Building 1, District C, Dongsheng Science and Technology Park, Haidian District, Beijing, CHN, 100192

Website

https://www.tinavi.com

Tinavi Medical Technologies Co Ltd is engaged in development, production, sales and service of orthopedic surgery navigation and positioning robots. The company's TiRobot Orthopedic robotic system is used in orthopedic surgeries for spine and trauma, and helps surgeons precisely position implants or surgical instruments during operations.

Executives

Liu Tie Chang	Core technical personnel
Wang Bin Bin	Director
Xing Yu Zhu	Director
Xu Jin	Director
Zhao Yong Qiang	Core technical personnel
Jia Xiang Cheng	Director

Tinavi Medical Technologies Co (SHSE:688277) Headlines

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