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Shanghai InnoStar Bio-tech Co (SHSE:688710) Receivables Turnover : 0.74 (As of Mar. 2025)


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What is Shanghai InnoStar Bio-tech 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. Shanghai InnoStar Bio-tech Co's Revenue for the three months ended in Mar. 2025 was ¥209 Mil. Shanghai InnoStar Bio-tech Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥284 Mil. Hence, Shanghai InnoStar Bio-tech Co's Receivables Turnover for the three months ended in Mar. 2025 was 0.74.


Shanghai InnoStar Bio-tech Co Receivables Turnover Historical Data

The historical data trend for Shanghai InnoStar Bio-tech 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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Shanghai InnoStar Bio-tech Co Receivables Turnover Chart

Shanghai InnoStar Bio-tech Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial 9.70 8.55 6.02 5.29 4.75

Shanghai InnoStar Bio-tech Co Quarterly Data
Dec19 Dec20 Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.39 1.36 1.12 0.97 0.74

Competitive Comparison of Shanghai InnoStar Bio-tech Co's Receivables Turnover

For the Drug Manufacturers - General subindustry, Shanghai InnoStar Bio-tech 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.


Shanghai InnoStar Bio-tech Co's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Shanghai InnoStar Bio-tech Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shanghai InnoStar Bio-tech Co's Receivables Turnover falls into.


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Shanghai InnoStar Bio-tech Co Receivables Turnover Calculation

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

Shanghai InnoStar Bio-tech Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Receivables Turnover (A: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2024 ) / ((Accounts Receivable (A: Dec. 2023 ) + Accounts Receivable (A: Dec. 2024 )) / count )
=1141.669 / ((212.616 + 268.186) / 2 )
=1141.669 / 240.401
=4.75

Shanghai InnoStar Bio-tech Co's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

Receivables Turnover (Q: Mar. 2025 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2025 ) / ((Accounts Receivable (Q: Dec. 2024 ) + Accounts Receivable (Q: Mar. 2025 )) / count )
=209.174 / ((268.186 + 299.401) / 2 )
=209.174 / 283.7935
=0.74

* 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.


Shanghai InnoStar Bio-tech Co  (SHSE:688710) 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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Shanghai InnoStar Bio-tech Co Business Description

Traded in Other Exchanges
N/A
Address
No. 199 Guo Shoujing Road, Room 106, Pilot Free Trade Zone, Shanghai, CHN, 201203
Shanghai InnoStar Bio-tech Co Ltd is a comprehensive research and development services (CRO) enterprise that specializes in providing biomedical non-clinical research services.

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