ARCpoint (TSXV:ARC) Receivables Turnover : 1.58 (As of Dec. 2023)

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What is ARCpoint 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. ARCpoint's Revenue for the three months ended in Dec. 2023 was C$2.45 Mil. ARCpoint's average Accounts Receivable for the three months ended in Dec. 2023 was C$1.55 Mil. Hence, ARCpoint's Receivables Turnover for the three months ended in Dec. 2023 was 1.58.

ARCpoint Receivables Turnover Historical Data

The historical data trend for ARCpoint'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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ARCpoint Receivables Turnover Chart

ARCpoint Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

5.82

5.73

5.58

7.06

ARCpoint Quarterly Data
	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial							1.04	1.39	1.13	1.18	1.58

Competitive Comparison of ARCpoint's Receivables Turnover

For the Diagnostics & Research subindustry, ARCpoint'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.

ARCpoint's Receivables Turnover Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, ARCpoint's Receivables Turnover distribution charts can be found below:

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

ARCpoint Receivables Turnover Calculation

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

ARCpoint'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 )
=	8.947	/ (	(1.467	+	1.067)	/	2 )
=	8.947	/	1.267
=	7.06

ARCpoint'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	2.454	/ (	(2.042	+	1.067)	/	2 )
=	2.454	/	1.5545
=	1.58

ARCpoint (TSXV:ARC) 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.

ARCpoint Receivables Turnover Related Terms

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ARCpoint (TSXV:ARC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » ARCpoint Inc (TSXV:ARC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

101 North Main Street, Suite 301, Greenville, SC, USA, 29601

Website

https://www.arcpointlabs.com

ARCpoint Inc is a US-based franchise system providing drug testing, alcohol screening, DNA and clinical lab testing, corporate wellness programs, and employment and background screening, among other services. The platform also digitalizes and streamlines administrative functions such as materials purchasing, compliance, billing, and physician services for ARCpoint franchise labs and other clients.