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Careray Digital Medical Technology Co (SHSE:688607) 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.
Careray Digital Medical Technology Co Receivables Turnover Related Terms
Careray Digital Medical Technology Co Receivables Turnover Historical Data
* 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.
Careray Digital Medical Technology Co Receivables Turnover Chart
SHSE:688607 vs ABT, SYK, MDT: Receivables Turnover Comparison
For the Medical Devices subindustry, Careray Digital Medical Technology 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.
Careray Digital Medical Technology Co Receivables Turnover vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Careray Digital Medical Technology Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Careray Digital Medical Technology 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.
Careray Digital Medical Technology Co (SHSE:688607) has a Receivables Turnover of 0.66 as of Mar. 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 Careray Digital Medical Technology Co and its competitors. According to the industry distribution chart, Careray Digital Medical Technology Co ranks #675 out of 813 companies in the Medical Devices & Instruments industry, placing it in the top 83%.
Is Careray Digital Medical Technology Co's Receivables Turnover too high?
Careray Digital Medical Technology Co's current Receivables Turnover is 0.66. The Medical Devices & Instruments industry median Receivables Turnover is 5.60. Careray Digital Medical Technology Co's value of 0.66 is 88.2% below this industry median. Based on the distribution chart, Careray Digital Medical Technology Co ranks #675 out of 813 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Careray Digital Medical Technology Co has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Careray Digital Medical Technology Co's Receivables Turnover compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Careray Digital Medical Technology Co ranks #675 out of 813 companies for Receivables Turnover. This places Careray Digital Medical Technology Co in the lower half of its industry. The industry median Receivables Turnover is 5.60. Careray Digital Medical Technology Co's value of 0.66 is 88.2% 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 5.60, based on 813 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. Careray Digital Medical Technology Co's current Receivables Turnover of 0.66 is 88.2% 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 Careray Digital Medical Technology Co and its competitors. For the Medical Devices & Instruments industry, the median Receivables Turnover is 5.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Careray Digital Medical Technology Co's current Receivables Turnover is 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Careray Digital Medical Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Careray Digital Medical Technology Co (SHSE:688607) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥31.44, compared to a current price of ¥45.98 — trading 46.2% above its estimated fair value. The current Receivables Turnover is 0.66 and 88.2% below the Medical Devices & Instruments industry median of 5.60. Careray Digital Medical Technology Co's overall GF Score™ is 78/100 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 Careray Digital Medical Technology Co (SHSE:688607), the current Receivables Turnover is 0.66 as of Mar. 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 Careray Digital Medical Technology Co (SHSE:688607) Overvalued in 2026?
Based on GuruFocus' analysis, Careray Digital Medical Technology Co stock appears to be overvalued.
The current stock price of ¥45.98 is trading 46.2% above its estimated GF Value™ of ¥31.44.
GuruFocus considers Careray Digital Medical Technology Co to be Significantly Overvalued.
Key valuation signals for SHSE:688607:
Receivables Turnover: 0.66
GF Value™: ¥31.44 vs. price of ¥45.98 (46.2% above fair value)
Industry Position: 88.2% below the Medical Devices & Instruments median (#675 of 813)
No single metric tells the full story. See the SHSE:688607 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Careray Digital Medical Technology Co Ltd is engaged in the development and production of digital X-ray flat panel detectors, which are widely used in medical, pet, security, and industrial imaging diagnostic products. The product portfolio includes radiography, mammography, fluoroscopy, dental products, and other accessories.
78GF Score
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