China Jo-Jo Drugstores (FRA:7QL) Receivables Turnover : 4.98 (As of Sep. 2023)

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What is China Jo-Jo Drugstores 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. China Jo-Jo Drugstores's Revenue for the six months ended in Sep. 2023 was €73.6 Mil. China Jo-Jo Drugstores's average Accounts Receivable for the six months ended in Sep. 2023 was €14.8 Mil. Hence, China Jo-Jo Drugstores's Receivables Turnover for the six months ended in Sep. 2023 was 4.98.

China Jo-Jo Drugstores Receivables Turnover Historical Data

The historical data trend for China Jo-Jo Drugstores'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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China Jo-Jo Drugstores Receivables Turnover Chart

China Jo-Jo Drugstores Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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13.18

12.84

11.12

11.28

9.80

China Jo-Jo Drugstores Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															5.74	5.74	4.41	4.54	4.98

Competitive Comparison of China Jo-Jo Drugstores's Receivables Turnover

For the Pharmaceutical Retailers subindustry, China Jo-Jo Drugstores'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.

China Jo-Jo Drugstores's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, China Jo-Jo Drugstores's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Jo-Jo Drugstores's Receivables Turnover falls into.

China Jo-Jo Drugstores Receivables Turnover Calculation

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

China Jo-Jo Drugstores's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	138.99	/ (	(15.196	+	13.168)	/	2 )
=	138.99	/	14.182
=	9.80

China Jo-Jo Drugstores's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	73.624	/ (	(13.168	+	16.41)	/	2 )
=	73.624	/	14.789
=	4.98

China Jo-Jo Drugstores (FRA:7QL) 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.

China Jo-Jo Drugstores Receivables Turnover Related Terms

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China Jo-Jo Drugstores (FRA:7QL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » China Jo-Jo Drugstores Inc (FRA:7QL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CJJD:USA

Address

386 Shangtang Road, Hai Wai Hai Tongxin Mansion Floor 6, Gong Shu District, Zhejiang Province, Hangzhou, CHN, 310008

Website

http://www.jiuzhou360.com

China Jo-Jo Drugstores Inc is a retailer and distributor of pharmaceutical products. The company's operating segments include Retail drugstores, Online Pharmacy, Drug wholesale, and Herb farming. Retail drugstores segment sells prescription and over-the-counter medicines, TCM, dietary supplements, medical devices, and sundry items to retail customers. The online pharmacy segment sells drugs through third-party platforms such as Alibaba's Tmall, JD.com, and Amazon.com. It generates maximum revenue from the Retail drugstores segment.

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