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Traphaco JSC (STC:TRA) Receivables Turnover : 2.35 (As of Mar. 2024)


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What is Traphaco JSC 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. Traphaco JSC's Revenue for the three months ended in Mar. 2024 was ₫547,493 Mil. Traphaco JSC's average Accounts Receivable for the three months ended in Mar. 2024 was ₫232,682 Mil. Hence, Traphaco JSC's Receivables Turnover for the three months ended in Mar. 2024 was 2.35.


Traphaco JSC Receivables Turnover Historical Data

The historical data trend for Traphaco JSC'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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Traphaco JSC Receivables Turnover Chart

Traphaco JSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.26 12.61 13.53 14.07 11.43

Traphaco JSC 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.13 2.54 3.13 3.04 2.35

Competitive Comparison of Traphaco JSC's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Traphaco JSC'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.


Traphaco JSC's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Traphaco JSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Traphaco JSC's Receivables Turnover falls into.



Traphaco JSC Receivables Turnover Calculation

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

Traphaco JSC'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 )
=2299235.459 / ((186177.114 + 216114.817) / 2 )
=2299235.459 / 201145.9655
=11.43

Traphaco JSC'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 )
=547492.586 / ((216114.817 + 249249.094) / 2 )
=547492.586 / 232681.9555
=2.35

* 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.


Traphaco JSC  (STC:TRA) 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.


Traphaco JSC Receivables Turnover Related Terms

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Traphaco JSC (STC:TRA) Business Description

Traded in Other Exchanges
N/A
Address
75 Yen Ninh Street, Ba Dinh District, Ha Noi City, VNM
Traphaco JSC is engaged in the manufacturing and trading of pharmaceutical products, chemicals and medical supplies and equipment. The company's products include abfuco; amorvita multi; ampelop; aspirin; cagu and amongst others.

Traphaco JSC (STC:TRA) Headlines

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