Mehow Innovative (SZSE:301363) Receivables Turnover : 1.29 (As of Mar. 2024)

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What is Mehow Innovative 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. Mehow Innovative's Revenue for the three months ended in Mar. 2024 was ¥282 Mil. Mehow Innovative's average Accounts Receivable for the three months ended in Mar. 2024 was ¥218 Mil. Hence, Mehow Innovative's Receivables Turnover for the three months ended in Mar. 2024 was 1.29.

Mehow Innovative Receivables Turnover Historical Data

The historical data trend for Mehow Innovative'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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Mehow Innovative Receivables Turnover Chart

Mehow Innovative Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.09

6.83

6.29

6.75

6.43

Mehow Innovative Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											1.78	1.69	1.24	1.36	1.29

Competitive Comparison of Mehow Innovative's Receivables Turnover

For the Medical Devices subindustry, Mehow Innovative'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.

Mehow Innovative's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Mehow Innovative's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mehow Innovative's Receivables Turnover falls into.

Mehow Innovative Receivables Turnover Calculation

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

Mehow Innovative'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 )
=	1337.587	/ (	(202.564	+	213.425)	/	2 )
=	1337.587	/	207.9945
=	6.43

Mehow Innovative'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 )
=	281.551	/ (	(213.425	+	222.724)	/	2 )
=	281.551	/	218.0745
=	1.29

Mehow Innovative (SZSE:301363) 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.

Mehow Innovative Receivables Turnover Related Terms

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Mehow Innovative (SZSE:301363) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Mehow Innovative Ltd (SZSE:301363) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Baolong Sixth Road, Baolong Street, 101, 201, 401, 101, 201, 401, Building A, Xinzhongqiao Industrial Park, Longgang District, Guangdong Province, Shenzhen, CHN, 518116

Website

https://www.mehow.com

Mehow Innovative Ltd is engaged in the design, development, manufacture and sales of precision components and products for medical devices.

Executives

Tan Jing Xia

Secretary Dong

Mehow Innovative (SZSE:301363) Headlines

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