Acrobiosystems Co (SZSE:301080) Receivables Turnover : 1.94 (As of Mar. 2024)

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What is Acrobiosystems 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. Acrobiosystems Co's Revenue for the three months ended in Mar. 2024 was ¥146.0 Mil. Acrobiosystems Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥75.3 Mil. Hence, Acrobiosystems Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.94.

Acrobiosystems Co Receivables Turnover Historical Data

The historical data trend for Acrobiosystems 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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Acrobiosystems Co Receivables Turnover Chart

Acrobiosystems Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.16

10.38

9.49

8.49

7.99

Acrobiosystems Co Quarterly Data
	Dec18	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															1.93	1.70	1.86	1.70	1.94

Competitive Comparison of Acrobiosystems Co's Receivables Turnover

For the Biotechnology subindustry, Acrobiosystems 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.

Acrobiosystems Co's Receivables Turnover Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Acrobiosystems Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Acrobiosystems Co's Receivables Turnover falls into.

Acrobiosystems Co Receivables Turnover Calculation

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

Acrobiosystems 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 )
=	543.653	/ (	(61.874	+	74.292)	/	2 )
=	543.653	/	68.083
=	7.99

Acrobiosystems Co'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 )
=	145.999	/ (	(74.292	+	76.32)	/	2 )
=	145.999	/	75.306
=	1.94

Acrobiosystems Co (SZSE:301080) 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.

Acrobiosystems Co Receivables Turnover Related Terms

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Acrobiosystems Co (SZSE:301080) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Acrobiosystems Co Ltd (SZSE:301080) » Definitions » Receivables Turnover

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Address

No. 8, Hongda North Road, 4th Floor, Building 4, Beijing Economic and Technological Development Zon, Beijing, CHN, 100176

Website

https://www.acrobiosystems.cn

Acrobiosystems Co Ltd is a global brand focusing on protein technology, products and services in the development of biological drugs. It is committed to providing target antigens and other key reagents and related services required in the development of targeted therapeutic drugs.

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