Laboratorio Reig Jofre (XMAD:RJF) Receivables Turnover : 1.33 (As of Dec. 2023)

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What is Laboratorio Reig Jofre 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. Laboratorio Reig Jofre's Revenue for the three months ended in Dec. 2023 was €78.8 Mil. Laboratorio Reig Jofre's average Accounts Receivable for the three months ended in Dec. 2023 was €59.1 Mil. Hence, Laboratorio Reig Jofre's Receivables Turnover for the three months ended in Dec. 2023 was 1.33.

Laboratorio Reig Jofre Receivables Turnover Historical Data

The historical data trend for Laboratorio Reig Jofre'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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Laboratorio Reig Jofre Receivables Turnover Chart

Laboratorio Reig Jofre Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.02

5.19

5.10

5.46

5.80

Laboratorio Reig Jofre Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.25	1.55	-	1.29	1.33

Competitive Comparison of Laboratorio Reig Jofre's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Laboratorio Reig Jofre'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.

Laboratorio Reig Jofre's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Laboratorio Reig Jofre's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Laboratorio Reig Jofre's Receivables Turnover falls into.

Laboratorio Reig Jofre Receivables Turnover Calculation

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

Laboratorio Reig Jofre'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 )
=	316.088	/ (	(52.177	+	56.86)	/	2 )
=	316.088	/	54.5185
=	5.80

Laboratorio Reig Jofre's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	78.806	/ (	(61.242	+	56.86)	/	2 )
=	78.806	/	59.051
=	1.33

Laboratorio Reig Jofre (XMAD:RJF) 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.

Laboratorio Reig Jofre Receivables Turnover Related Terms

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Laboratorio Reig Jofre (XMAD:RJF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Laboratorio Reig Jofre SA (XMAD:RJF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

FEQ1:Germany

Address

Avenida de les Flors, Sant Joan Despi, Barcelona, ESP, 08970

Website

http://www.reigjofre.com

Laboratorio Reig Jofre SA is a healthcare and pharmaceutical developing company. The company focuses on the development of technological-specialization products (antibiotics and injectable products); therapeutic-specialization products in the areas of dermatology, gynecology and respiratory; and consumer healthcare products. It has a broad portfolio of products that the company divides into three categories: products from specialized technology such as antibiotics, injectable, and freeze-dried products.