Innovation Medical Management Co (SZSE:002173) Receivables Turnover : 1.78 (As of Mar. 2024)

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What is Innovation Medical Management 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. Innovation Medical Management Co's Revenue for the three months ended in Mar. 2024 was ¥201.3 Mil. Innovation Medical Management Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥113.4 Mil. Hence, Innovation Medical Management Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.78.

Innovation Medical Management Co Receivables Turnover Historical Data

The historical data trend for Innovation Medical Management 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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Innovation Medical Management Co Receivables Turnover Chart

Innovation Medical Management Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.55

6.79

9.11

10.52

10.44

Innovation Medical Management 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															3.40	2.89	2.62	2.13	1.78

Competitive Comparison of Innovation Medical Management Co's Receivables Turnover

For the Luxury Goods subindustry, Innovation Medical Management 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.

Innovation Medical Management Co's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Innovation Medical Management Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Innovation Medical Management Co's Receivables Turnover falls into.

Innovation Medical Management Co Receivables Turnover Calculation

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

Innovation Medical Management 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 )
=	805.586	/ (	(51.559	+	102.84)	/	2 )
=	805.586	/	77.1995
=	10.44

Innovation Medical Management 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 )
=	201.345	/ (	(102.84	+	123.87)	/	2 )
=	201.345	/	113.355
=	1.78

Innovation Medical Management Co (SZSE:002173) 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.

Innovation Medical Management Co Receivables Turnover Related Terms

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Innovation Medical Management Co (SZSE:002173) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Innovation Medical Management Co Ltd (SZSE:002173) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Pearl Industrial Park, Shanxiahu Town, Zhejiang Province, Zhuji, CHN, 311804

Website

http://www.qzpearl.com

Innovation Medical Management Co Ltd is involved in diversified pearl industry. It is engaged in the pearl farming, processing, design and sales, import and export, tradeand research and bio pharmaceutical that develops pearls. It also has online store which offers pearl necklace, pendant, earrings, ring, bracelets and chain.

Executives

Ma Jian Jian	Executives
Ruan Guang Yin	Director
Chen Hai Jun	Director
Wang Song Tao	Director
He Yong Ji	Director
Chen Xia Ying	Director
Ma San Guang	Directors, executives
Sun Bo Ren	Director
Lou Lai Feng	Directors, executives
Lou Yong Qi	Supervisors

Innovation Medical Management Co (SZSE:002173) Headlines

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