Cardiovascular Systems (FRA:R7Y1) Receivables Turnover : 1.48 (As of Dec. 2022)

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What is Cardiovascular Systems 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. Cardiovascular Systems's Revenue for the three months ended in Dec. 2022 was €58.0 Mil. Cardiovascular Systems's average Accounts Receivable for the three months ended in Dec. 2022 was €39.3 Mil. Hence, Cardiovascular Systems's Receivables Turnover for the three months ended in Dec. 2022 was 1.48.

Cardiovascular Systems Receivables Turnover Historical Data

The historical data trend for Cardiovascular Systems'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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Cardiovascular Systems Receivables Turnover Chart

Cardiovascular Systems Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Receivables Turnover

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7.14

7.49

7.74

7.73

6.32

Cardiovascular Systems Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Receivables Turnover	Get a 7-Day Free Trial															1.69	1.64	1.71	1.54	1.48

Competitive Comparison of Cardiovascular Systems's Receivables Turnover

For the Medical Devices subindustry, Cardiovascular Systems'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.

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

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

* The bar in red indicates where Cardiovascular Systems's Receivables Turnover falls into.

Cardiovascular Systems Receivables Turnover Calculation

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

Cardiovascular Systems's Receivables Turnover for the fiscal year that ended in Jun. 2022 is calculated as

	Receivables Turnover (A: Jun. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2022 )	/ (	(Accounts Receivable (A: Jun. 2021 )	+	Accounts Receivable (A: Jun. 2022 ))	/	count )
=	223.466	/ (	(33.227	+	37.535)	/	2 )
=	223.466	/	35.381
=	6.32

Cardiovascular Systems's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Sep. 2022 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	58.012	/ (	(40.662	+	37.979)	/	2 )
=	58.012	/	39.3205
=	1.48

Cardiovascular Systems (FRA:R7Y1) 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.

Cardiovascular Systems Receivables Turnover Related Terms

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Cardiovascular Systems (FRA:R7Y1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Cardiovascular Systems Inc (FRA:R7Y1) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1225 Old Highway 8 Northwest, Saint Paul, MN, USA, 55112-6416

Website

https://www.csi360.com

Cardiovascular Systems Inc is a medical technology company focused on patients with peripheral and coronary artery diseases. Its peripheral artery disease systems are catheter-based platforms used to treat plaque in leg arteries above and below the knee. The firm's orbital atherectomy systems are used in peripheral and coronary commercial applications. Its OAS products include the Diamondback 360 Peripheral and Stealth 360 systems. Sales of Peripheral OAS contribute the majority of revenue. Cardiovascular systems generate the vast majority of its revenue in the United States.

Cardiovascular Systems (FRA:R7Y1) Headlines

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