60 Degrees Pharmaceuticals (60 Degrees Pharmaceuticals) Receivables Turnover : 0.42 (As of Mar. 2024)

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What is 60 Degrees Pharmaceuticals 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. 60 Degrees Pharmaceuticals's Revenue for the three months ended in Mar. 2024 was $0.12 Mil. 60 Degrees Pharmaceuticals's average Accounts Receivable for the three months ended in Mar. 2024 was $0.27 Mil. Hence, 60 Degrees Pharmaceuticals's Receivables Turnover for the three months ended in Mar. 2024 was 0.42.

60 Degrees Pharmaceuticals Receivables Turnover Historical Data

The historical data trend for 60 Degrees Pharmaceuticals'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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60 Degrees Pharmaceuticals Receivables Turnover Chart

60 Degrees Pharmaceuticals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

2.54

2.31

2.32

1.83

60 Degrees Pharmaceuticals Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial							0.26	0.58	0.39	0.68	0.42

Competitive Comparison of 60 Degrees Pharmaceuticals's Receivables Turnover

For the Biotechnology subindustry, 60 Degrees Pharmaceuticals'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.

60 Degrees Pharmaceuticals's Receivables Turnover Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, 60 Degrees Pharmaceuticals's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where 60 Degrees Pharmaceuticals's Receivables Turnover falls into.

60 Degrees Pharmaceuticals Receivables Turnover Calculation

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

60 Degrees Pharmaceuticals'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 )
=	0.254	/ (	(0.046	+	0.231)	/	2 )
=	0.254	/	0.1385
=	1.83

60 Degrees Pharmaceuticals'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 )
=	0.116	/ (	(0.231	+	0.316)	/	2 )
=	0.116	/	0.2735
=	0.42

60 Degrees Pharmaceuticals (NAS:SXTPW) 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.

60 Degrees Pharmaceuticals Receivables Turnover Related Terms

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60 Degrees Pharmaceuticals (60 Degrees Pharmaceuticals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » 60 Degrees Pharmaceuticals Inc (NAS:SXTPW) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SXTP:USA

Address

1025 Connecticut Avenue NW, Suite 1000, Washington, D.C, WA, USA, 20036

Website

https://www.60degreespharma.com

60 Degrees Pharmaceuticals Inc operates as a specialty pharmaceutical company with the goal of using biological science and applied research to develop and commercialize new therapies for the prevention and treatment of infectious diseases. The firm's pipeline products under development cover development programs for COVID-19, fungal, tick-borne, and other viral diseases through Arakoda and Celgosivir.