Jiangxi Synergy Pharmaceutical Co (SZSE:300636) Receivables Turnover : 1.75 (As of Sep. 2024)

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What is Jiangxi Synergy Pharmaceutical 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. Jiangxi Synergy Pharmaceutical Co's Revenue for the three months ended in Sep. 2024 was ¥187.9 Mil. Jiangxi Synergy Pharmaceutical Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥107.4 Mil. Hence, Jiangxi Synergy Pharmaceutical Co's Receivables Turnover for the three months ended in Sep. 2024 was 1.75.

Jiangxi Synergy Pharmaceutical Co Receivables Turnover Historical Data

The historical data trend for Jiangxi Synergy Pharmaceutical 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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Jiangxi Synergy Pharmaceutical Co Receivables Turnover Chart

Jiangxi Synergy Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.47

9.80

14.95

9.76

9.11

Jiangxi Synergy Pharmaceutical Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.68	1.74	2.18	1.55	1.75

Competitive Comparison of Jiangxi Synergy Pharmaceutical Co's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Jiangxi Synergy Pharmaceutical 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.

Jiangxi Synergy Pharmaceutical Co's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Jiangxi Synergy Pharmaceutical Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jiangxi Synergy Pharmaceutical Co's Receivables Turnover falls into.

Jiangxi Synergy Pharmaceutical Co Receivables Turnover Calculation

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

Jiangxi Synergy Pharmaceutical Co'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 )
=	722.139	/ (	(87.83	+	70.772)	/	2 )
=	722.139	/	79.301
=	9.11

Jiangxi Synergy Pharmaceutical Co's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	187.882	/ (	(108.454	+	106.289)	/	2 )
=	187.882	/	107.3715
=	1.75

Jiangxi Synergy Pharmaceutical Co (SZSE:300636) 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.

Jiangxi Synergy Pharmaceutical Co Receivables Turnover Related Terms

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Jiangxi Synergy Pharmaceutical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Jiangxi Synergy Pharmaceutical Co Ltd (SZSE:300636) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Fengxin Industrial Park, Fengxin, Jiangxi Province, Yichun, CHN, 330700

Website

http://www.jxsynergy.com

Jiangxi Synergy Pharmaceutical Co Ltd is a China-based company engages in the production of bulk drugs and intermediates. Its main products include anti-epileptic medicines, anti-ulcer medicines, anti-pyretic analgesics, non-steroid anti-inflammatory analgesics, anti-high blood pressure medicines, and anti-depression drugs.

Executives

Pang Zheng Wei	Directors, executives
Huang Guo Jun	Directors, executives
Liang Zhong Cheng	Directors, executives
Jiang Yuan Sen	Directors, executives
Yu Shao Jiong	Supervisors
Zhang Bo	Securities Affairs Representative
Jiang Hui Gang	Director
Wang Xiao Hua	Director
Zhao Hong Liang	Director

Jiangxi Synergy Pharmaceutical Co Headlines

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