Sonoscape Medical (SZSE:300633) Receivables Turnover : 2.78 (As of Mar. 2024)

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What is Sonoscape Medical 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. Sonoscape Medical's Revenue for the three months ended in Mar. 2024 was ¥479 Mil. Sonoscape Medical's average Accounts Receivable for the three months ended in Mar. 2024 was ¥172 Mil. Hence, Sonoscape Medical's Receivables Turnover for the three months ended in Mar. 2024 was 2.78.

Sonoscape Medical Receivables Turnover Historical Data

The historical data trend for Sonoscape Medical'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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Sonoscape Medical Receivables Turnover Chart

Sonoscape Medical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.42

3.91

6.36

8.66

11.37

Sonoscape Medical 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															2.51	2.93	2.22	3.77	2.78

Competitive Comparison of Sonoscape Medical's Receivables Turnover

For the Medical Devices subindustry, Sonoscape Medical'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.

Sonoscape Medical's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Sonoscape Medical's Receivables Turnover falls into.

Sonoscape Medical Receivables Turnover Calculation

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

Sonoscape Medical'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 )
=	2120.252	/ (	(198.688	+	174.224)	/	2 )
=	2120.252	/	186.456
=	11.37

Sonoscape Medical'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 )
=	479.334	/ (	(174.224	+	170.143)	/	2 )
=	479.334	/	172.1835
=	2.78

Sonoscape Medical (SZSE:300633) 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.

Sonoscape Medical Receivables Turnover Related Terms

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Sonoscape Medical (SZSE:300633) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sonoscape Medical Corp (SZSE:300633) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yuquan Road, 10th Floor,Yizhe Building, Nanshan District, Guangdong Province, Shenzhen, CHN, 518051

Website

http://www.sonoscape.com

Sonoscape Medical Corp is a Chinese manufacturer of medical devices for ultrasound diagnostic systems and transducers. The company's product categories include Ultrasound, Endoscope which also includes video equipment, and Electrocardiography consisting of veterinary ECG and resting ECG. Ultrasound category covers color Doppler trolley systems, color Doppler HCU, B/W trolley systems, and probe, among others. The organization has a business presence in China and in other countries.

Executives

Zhou Wen Ping	Directors, executives
Huang Yi Bo	Directors, executives
Li Hao	Directors, executives
Chen Zhi Qiang	Director
Wu Kun Xiang	Directors, executives
Liu Ying Fang	Director

Sonoscape Medical (SZSE:300633) Headlines

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