Jiangsu Wuzhong Pharmaceutical Development Co (SHSE:600200) Receivables Turnover : 0.66 (As of Mar. 2024)

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What is Jiangsu Wuzhong Pharmaceutical Development 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 Wuzhong Pharmaceutical Development Co's Revenue for the three months ended in Mar. 2024 was ¥703 Mil. Jiangsu Wuzhong Pharmaceutical Development Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,061 Mil. Hence, Jiangsu Wuzhong Pharmaceutical Development Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.66.

Jiangsu Wuzhong Pharmaceutical Development Co Receivables Turnover Historical Data

The historical data trend for Jiangsu Wuzhong Pharmaceutical Development 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 Wuzhong Pharmaceutical Development Co Receivables Turnover Chart

Jiangsu Wuzhong Pharmaceutical Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.22

3.05

2.45

2.50

2.48

Jiangsu Wuzhong Pharmaceutical Development Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.71	0.52	0.37	0.70	0.66

Competitive Comparison of Jiangsu Wuzhong Pharmaceutical Development Co's Receivables Turnover

For the Biotechnology subindustry, Jiangsu Wuzhong Pharmaceutical Development 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 Wuzhong Pharmaceutical Development Co's Receivables Turnover Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Jiangsu Wuzhong Pharmaceutical Development Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jiangsu Wuzhong Pharmaceutical Development Co's Receivables Turnover falls into.

Jiangsu Wuzhong Pharmaceutical Development Co Receivables Turnover Calculation

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

Jiangsu Wuzhong Pharmaceutical Development 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 )
=	2239.963	/ (	(859.316	+	948.796)	/	2 )
=	2239.963	/	904.056
=	2.48

Jiangsu Wuzhong Pharmaceutical Development Co'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 )
=	703.371	/ (	(948.796	+	1172.532)	/	2 )
=	703.371	/	1060.664
=	0.66

Jiangsu Wuzhong Pharmaceutical Development Co (SHSE:600200) 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 Wuzhong Pharmaceutical Development Co Receivables Turnover Related Terms

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Jiangsu Wuzhong Pharmaceutical Development Co (SHSE:600200) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Jiangsu Wuzhong Pharmaceutical Development Co Ltd (SHSE:600200) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

110 North Road, Soochow 7,8,10 Bank of China Building, Suzhou, Jiangsu, CHN, 215128

Website

http://www.600200.com

Jiangsu Wuzhong Industrial Co Ltd is a China-based company. It develops, produces and sells medicines while engages in real estate development.

Executives

Xu Liang Zhi	senior management
Sun Jian Ying	Supervisors
Zhong Yao Wen	Supervisors
Cheng Xi	senior management
Wu Jian Min	Supervisors
Zhao Wei Yi	Director
Jin Li	Director
Sun Tian Jiang	senior management
Zhu Ju Fang	senior management
Yao Jian Lin	Director
Jin Jian Ping	Supervisors
Li Gui Zhi	Supervisors
Luo Qin	Supervisors
Xia Jian Ping	Director
Zhong Shen Zheng	Director

Jiangsu Wuzhong Pharmaceutical Development Co (SHSE:600200) Headlines

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