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. SANUWAVE Health's Revenue for the
three
months ended in Dec. 2023 was $6.99 Mil. SANUWAVE Health's average Accounts Receivable for the
three
months ended in Dec. 2023 was $3.27 Mil.
Hence, SANUWAVE Health's Receivables Turnover for the
three
months ended in Dec. 2023 was 2.14.
SANUWAVE Health Receivables Turnover Historical Data
The historical data trend for SANUWAVE Health'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.
Competitive Comparison of SANUWAVE Health's Receivables Turnover
For the Medical Devices subindustry, SANUWAVE Health'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.
SANUWAVE Health's Receivables Turnover Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, SANUWAVE Health's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where SANUWAVE Health's Receivables Turnover falls into.
SANUWAVE Health Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
SANUWAVE Health's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
SANUWAVE Health (OTCPK:SNWV) 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.
SANUWAVE Health Receivables Turnover Related Terms
Thank you for viewing the detailed overview of SANUWAVE Health's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
SANUWAVE Health (SANUWAVE Health) Business Description
SANUWAVE Health Inc is an ultrasound and shock wave technology company using patented systems of noninvasive, high-energy, acoustic shock waves or low-intensity and non-contact ultrasound for regenerative medicine and other applications. The company's focus is regenerative medicine utilizing noninvasive, acoustic shock waves or ultrasound to produce a biological response resulting in the body healing itself through the repair and regeneration of tissue, musculoskeletal, and vascular structures. The company's two primary systems are UltraMIST and PACE. UltraMIST and PACE are the only two Food and Drug Administration (FDA) approved directed energy systems for wound healing.
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