Jiangsu Jibeier Pharmaceutical Co (SHSE:688566) Receivables Turnover : 0.89 (As of Mar. 2024)

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What is Jiangsu Jibeier Pharmaceutical 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. Jiangsu Jibeier Pharmaceutical Co's Revenue for the three months ended in Mar. 2024 was ¥194.2 Mil. Jiangsu Jibeier Pharmaceutical Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥218.1 Mil. Hence, Jiangsu Jibeier Pharmaceutical Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.89.

Jiangsu Jibeier Pharmaceutical Co Receivables Turnover Historical Data

The historical data trend for Jiangsu Jibeier Pharmaceutical 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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Jiangsu Jibeier Pharmaceutical Co Receivables Turnover Chart

Jiangsu Jibeier Pharmaceutical Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.59

5.98

5.03

7.48

5.36

Jiangsu Jibeier Pharmaceutical 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															1.51	1.41	0.89	1.11	0.89

Competitive Comparison of Jiangsu Jibeier Pharmaceutical Co's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Jiangsu Jibeier Pharmaceutical 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.

Jiangsu Jibeier Pharmaceutical Co's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Jiangsu Jibeier Pharmaceutical Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jiangsu Jibeier Pharmaceutical Co's Receivables Turnover falls into.

Jiangsu Jibeier Pharmaceutical Co Receivables Turnover Calculation

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

Jiangsu Jibeier Pharmaceutical 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 )
=	860.933	/ (	(92.598	+	228.845)	/	2 )
=	860.933	/	160.7215
=	5.36

Jiangsu Jibeier Pharmaceutical 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 )
=	194.231	/ (	(228.845	+	207.413)	/	2 )
=	194.231	/	218.129
=	0.89

Jiangsu Jibeier Pharmaceutical Co (SHSE:688566) 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.

Jiangsu Jibeier Pharmaceutical Co Receivables Turnover Related Terms

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Jiangsu Jibeier Pharmaceutical Co (SHSE:688566) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Jiangsu Jibeier Pharmaceutical Co Ltd (SHSE:688566) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

High-tech Industrial Development Zone, Jiangsu Province, Zhenjiang, CHN, 212000

Website

http://www.jibeier.com.cn

Jiangsu Jibeier Pharmaceutical Co Ltd specializes in the research, development, production and sales of chemical preparations, proprietary Chinese medicine preparations, and bulk medicines. The company's products include tablets, hard capsules, eye drops, and gels, agents, creams and other dosage. Its products are used in various application fields such as Cardiovascular drugs, Blood system drugs, Immune system drugs, Ophthalmic drugs, Antipyretic and analgesic drugs, Respiratory medicine, and other.

Executives

Wu Ying	senior management
Zhang Chun	Director
Zhao Suo Fu	senior management
Li Hai Dao	Core technical personnel
Di Jian Zhong	senior management
Qin Xu Feng	Core technical personnel
Wu Xiu Gen	Core technical personnel
Yu Xin Jun	Directors, senior managers
Hu Tao	Director

Jiangsu Jibeier Pharmaceutical Co (SHSE:688566) Headlines

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