Jiangsu Canopus Wisdom Medical Technology Co (SZSE:301290) Receivables Turnover : 0.88 (As of Mar. 2025)

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What is Jiangsu Canopus Wisdom Medical 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. Jiangsu Canopus Wisdom Medical Technology Co's Revenue for the three months ended in Mar. 2025 was ¥78.2 Mil. Jiangsu Canopus Wisdom Medical Technology Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥88.4 Mil. Hence, Jiangsu Canopus Wisdom Medical Technology Co's Receivables Turnover for the three months ended in Mar. 2025 was 0.88.

Jiangsu Canopus Wisdom Medical Technology Co Receivables Turnover Historical Data

The historical data trend for Jiangsu Canopus Wisdom Medical 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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Jiangsu Canopus Wisdom Medical Technology Co Receivables Turnover Chart

Jiangsu Canopus Wisdom Medical Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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3.81

4.78

3.98

3.87

4.61

Jiangsu Canopus Wisdom Medical Technology Co Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															0.97	1.31	1.11	1.30	0.88

Competitive Comparison of Jiangsu Canopus Wisdom Medical Technology Co's Receivables Turnover

For the Medical Devices subindustry, Jiangsu Canopus Wisdom Medical 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.

Jiangsu Canopus Wisdom Medical Technology Co's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Jiangsu Canopus Wisdom Medical Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jiangsu Canopus Wisdom Medical Technology Co's Receivables Turnover falls into.

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Jiangsu Canopus Wisdom Medical Technology Co Receivables Turnover Calculation

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

Jiangsu Canopus Wisdom Medical 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 )
=	435.463	/ (	(97.098	+	91.746)	/	2 )
=	435.463	/	94.422
=	4.61

Jiangsu Canopus Wisdom Medical 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 )
=	78.186	/ (	(91.746	+	85.113)	/	2 )
=	78.186	/	88.4295
=	0.88

Jiangsu Canopus Wisdom Medical Technology Co (SZSE:301290) 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.

Jiangsu Canopus Wisdom Medical Technology Co Receivables Turnover Related Terms

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Jiangsu Canopus Wisdom Medical Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Jiangsu Canopus Wisdom Medical Technology Co Ltd (SZSE:301290) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 99 Yanling West Road (Jiaye International Trade Plaza), Room 2303 and 2302, Zhonglou District, Jiangsu Province, Changzhou, CHN, 213000

Website

http://www.dx-med.com

Jiangsu Canopus Wisdom Medical Technology Co Ltd is engaged in the research and development, production and sales of surgical medical devices represented by staplers.

Executives

Wan Zheng Yuan	Directors, executives
Wei Jian Gang	Directors, executives
Wan Shi Ping	Director
Gong Ai Qin	Directors, Directors, and Executives

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