Optiscan Imaging (ASX:OIL) Receivables Turnover : 0.63 (As of Dec. 2023)

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What is Optiscan Imaging 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. Optiscan Imaging's Revenue for the six months ended in Dec. 2023 was A$0.45 Mil. Optiscan Imaging's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.72 Mil. Hence, Optiscan Imaging's Receivables Turnover for the six months ended in Dec. 2023 was 0.63.

Optiscan Imaging Receivables Turnover Historical Data

The historical data trend for Optiscan Imaging'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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Optiscan Imaging Receivables Turnover Chart

Optiscan Imaging Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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4.19

14.70

6.62

3.13

6.06

Optiscan Imaging Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.14	0.82	0.65	2.12	0.63

Competitive Comparison of Optiscan Imaging's Receivables Turnover

For the Scientific & Technical Instruments subindustry, Optiscan Imaging'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.

Optiscan Imaging's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Optiscan Imaging's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Optiscan Imaging's Receivables Turnover falls into.

Optiscan Imaging Receivables Turnover Calculation

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

Optiscan Imaging's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	1.68	/ (	(0.391	+	0.163)	/	2 )
=	1.68	/	0.277
=	6.06

Optiscan Imaging'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 )
=	0.449	/ (	(0.163	+	1.268)	/	2 )
=	0.449	/	0.7155
=	0.63

Optiscan Imaging (ASX:OIL) 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.

Optiscan Imaging Receivables Turnover Related Terms

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Optiscan Imaging (ASX:OIL) Business Description

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Address

16 Miles Street, Mulgrave, Melbourne, VIC, AUS, 3170

Website

https://www.optiscan.com

Optiscan Imaging Ltd is engaged in the development, manufacture, and commercialization of endomicroscopic digital imaging technology solutions for medical, translational, and pre-clinical applications. Its technology offers real-time, 3D, in vivo imaging at the single-cell level, in a non-destructive manner that enables clinicians to make immediate informed decisions. Its products include InVivage, ViewnVivo, and Customisation.