Tianjin Ringpu Bio-Technology Co (SZSE:300119) Receivables Turnover : 0.77 (As of Mar. 2025)

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What is Tianjin Ringpu Bio-Technology 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. Tianjin Ringpu Bio-Technology Co's Revenue for the three months ended in Mar. 2025 was ¥822 Mil. Tianjin Ringpu Bio-Technology Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥1,072 Mil. Hence, Tianjin Ringpu Bio-Technology Co's Receivables Turnover for the three months ended in Mar. 2025 was 0.77.

Tianjin Ringpu Bio-Technology Co Receivables Turnover Historical Data

The historical data trend for Tianjin Ringpu Bio-Technology 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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Tianjin Ringpu Bio-Technology Co Receivables Turnover Chart

Tianjin Ringpu Bio-Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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5.06

3.95

3.17

3.13

3.03

Tianjin Ringpu Bio-Technology Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															0.71	0.43	0.64	1.28	0.77

Competitive Comparison of Tianjin Ringpu Bio-Technology Co's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Tianjin Ringpu Bio-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.

Tianjin Ringpu Bio-Technology Co's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Tianjin Ringpu Bio-Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tianjin Ringpu Bio-Technology Co's Receivables Turnover falls into.

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Tianjin Ringpu Bio-Technology Co Receivables Turnover Calculation

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

Tianjin Ringpu Bio-Technology 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 )
=	3069.933	/ (	(987.189	+	1039.789)	/	2 )
=	3069.933	/	1013.489
=	3.03

Tianjin Ringpu Bio-Technology 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 )
=	821.616	/ (	(1039.789	+	1104.141)	/	2 )
=	821.616	/	1071.965
=	0.77

Tianjin Ringpu Bio-Technology Co (SZSE:300119) 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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Tianjin Ringpu Bio-Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Tianjin Ringpu Bio-Technology Co Ltd (SZSE:300119) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No.6, Liujing Road, Developing Zone, Tianjin, CHN, 300300

Website

http://www.ringpu.com

Tianjin Ringpu Bio-Technology Co Ltd is a China-based company. It is engaged in biotechnology and animal medicine, focusing on the national demand for agricultural sustainable development. The company provides products for Poultry; Swine; Pet; Aquatic; and Cattle and Sheep.

Executives

You Yong Jun	Executives
Xu Lei	Directors, executives
Liang Zhao Ping	Executives
Li Shou Jun	Directors, executives
Bao En Dong	Director
Wang Xing Zhong	Securities Affairs Representative
Peng Yu Peng	Supervisors
Sun Ming	Executives
Liang Wu	Directors, executives
Hu Wen Qiang	Directors, executives
Xu Jian	Securities Affairs Representative
Su Ya La Da Lai	Supervisors
Li Xu Dong	Directors, executives
Dai Jin Ping	Director
Xie Yong	Director

Tianjin Ringpu Bio-Technology Co Headlines

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