Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) Receivables Turnover : 0.62 (As of Dec. 2023)

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What is Meihua International Medical Technologies 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. Meihua International Medical Technologies Co's Revenue for the six months ended in Dec. 2023 was $48.91 Mil. Meihua International Medical Technologies Co's average Accounts Receivable for the six months ended in Dec. 2023 was $78.81 Mil. Hence, Meihua International Medical Technologies Co's Receivables Turnover for the six months ended in Dec. 2023 was 0.62.

Meihua International Medical Technologies Co Receivables Turnover Historical Data

The historical data trend for Meihua International Medical Technologies 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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Meihua International Medical Technologies Co Receivables Turnover Chart

Meihua International Medical Technologies Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

2.72

2.38

1.84

1.52

1.32

Meihua International Medical Technologies Co Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial				0.89	0.86	0.75	0.65	0.62

Competitive Comparison of Meihua International Medical Technologies Co's Receivables Turnover

For the Medical Instruments & Supplies subindustry, Meihua International Medical Technologies 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.

Meihua International Medical Technologies Co's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Meihua International Medical Technologies Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Meihua International Medical Technologies Co's Receivables Turnover falls into.

Meihua International Medical Technologies Co Receivables Turnover Calculation

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

Meihua International Medical Technologies 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 )
=	97.099	/ (	(68.946	+	78.571)	/	2 )
=	97.099	/	73.7585
=	1.32

Meihua International Medical Technologies Co'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	48.909	/ (	(79.052	+	78.571)	/	2 )
=	48.909	/	78.8115
=	0.62

Meihua International Medical Technologies Co (NAS:MHUA) 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.

Meihua International Medical Technologies Co Receivables Turnover Related Terms

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Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Meihua International Medical Technologies Co Ltd (NAS:MHUA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 Tongda Road, Touqiao Town, Guangling District, Yangzhou, CHN, 225000

Website

http://www.meihuamed.com

Meihua International Medical Technologies Co Ltd is engaged in providing disposable medical devices. It serves hospitals, pharmacies, medical institutions, and medical equipment companies. Its product offerings include a Disposable Medical mask, Disposable ID Bracelet, Disposable Artificial Anal bag, Disposable Catheter, and Electonic pump among others.