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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. Novogene Co's Revenue for the
three
months ended in Jun. 2026 was ¥557 Mil. Novogene Co's average Accounts Receivable for the
three
months ended in Jun. 2026 was ¥679 Mil.
Hence, Novogene Co's Receivables Turnover for the
three
months ended in Jun. 2026 was 0.82.
Novogene Co (SHSE:688315) 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.
Novogene Co Receivables Turnover Related Terms
Novogene Co Receivables Turnover Historical Data
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The historical data trend for Novogene 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:688315 vs VRTX, REGN, RVMD: Receivables Turnover Comparison
For the Biotechnology subindustry, Novogene 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.
Novogene Co Receivables Turnover vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Novogene Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Novogene 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.
Novogene Co (SHSE:688315) has a Receivables Turnover of 0.82 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 Novogene Co and its competitors. According to the industry distribution chart, Novogene Co ranks #617 out of 848 companies in the Biotechnology industry, placing it in the top 72.8%.
Is Novogene Co's Receivables Turnover too high?
Novogene Co's current Receivables Turnover is 0.82. The Biotechnology industry median Receivables Turnover is 5.28. Novogene Co's value of 0.82 is 84.5% below this industry median. Based on the distribution chart, Novogene Co ranks #617 out of 848 companies in the Biotechnology industry, which is below the industry midpoint. Overall, Novogene Co has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Novogene Co's Receivables Turnover compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Novogene Co ranks #617 out of 848 companies for Receivables Turnover. This places Novogene Co in the lower half of its industry. The industry median Receivables Turnover is 5.28. Novogene Co's value of 0.82 is 84.5% 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 Biotechnology company?
The median Receivables Turnover among Biotechnology companies is 5.28, based on 848 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. Novogene Co's current Receivables Turnover of 0.82 is 84.5% 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 Novogene Co and its competitors. For the Biotechnology industry, the median Receivables Turnover is 5.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novogene Co's current Receivables Turnover is 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novogene Co stock overvalued right now?
Based on GuruFocus' analysis, Novogene Co (SHSE:688315) is currently considered Fairly Valued. The stock's GF Value™ is ¥16.52, compared to a current price of ¥16.04 — trading 2.9% below its estimated fair value. The current Receivables Turnover is 0.82 and 84.5% below the Biotechnology industry median of 5.28. Novogene Co's overall GF Score™ is 84/100 with 6 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 Novogene Co (SHSE:688315), the current Receivables Turnover is 0.82 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 Novogene Co (SHSE:688315) Overvalued in 2026?
Based on GuruFocus' analysis, Novogene Co stock appears to be undervalued.
The current stock price of ¥16.04 is trading 2.9% below its estimated GF Value™ of ¥16.52.
GuruFocus considers Novogene Co to be Fairly Valued.
Key valuation signals for SHSE:688315:
Receivables Turnover: 0.82
GF Value™: ¥16.52 vs. price of ¥16.04 (2.9% below fair value)
Industry Position: 84.5% below the Biotechnology median (#617 of 848)
No single metric tells the full story. See the SHSE:688315 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Novogene Co Ltd is engaged in providing multi-level scientific research and technical services and solutions for life science basic research, medical and clinical application research, and independent development and innovation of genetic testing medical equipment.
84GF Score
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