Erika B-Cure Laser (XTAE:BCUR) Receivables Turnover : 2.56 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Erika B-Cure Laser 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. Erika B-Cure Laser's Revenue for the six months ended in Dec. 2023 was ₪13.78 Mil. Erika B-Cure Laser's average Accounts Receivable for the six months ended in Dec. 2023 was ₪5.39 Mil. Hence, Erika B-Cure Laser's Receivables Turnover for the six months ended in Dec. 2023 was 2.56.

Erika B-Cure Laser Receivables Turnover Historical Data

The historical data trend for Erika B-Cure Laser'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.

* Premium members only.

Erika B-Cure Laser Receivables Turnover Chart

Erika B-Cure Laser Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

10.26

12.78

6.23

3.08

4.08

Erika B-Cure Laser Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial				1.64	1.33	1.44	1.97	2.56

Competitive Comparison of Erika B-Cure Laser's Receivables Turnover

For the Medical Devices subindustry, Erika B-Cure Laser'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.

Erika B-Cure Laser's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Erika B-Cure Laser's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Erika B-Cure Laser's Receivables Turnover falls into.

Erika B-Cure Laser Receivables Turnover Calculation

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

Erika B-Cure Laser'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 )
=	29.883	/ (	(10.083	+	4.558)	/	2 )
=	29.883	/	7.3205
=	4.08

Erika B-Cure Laser'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 )
=	13.782	/ (	(6.225	+	4.558)	/	2 )
=	13.782	/	5.3915
=	2.56

Erika B-Cure Laser (XTAE:BCUR) 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.

Erika B-Cure Laser Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Erika B-Cure Laser's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Erika B-Cure Laser (XTAE:BCUR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Erika B-Cure Laser Ltd (XTAE:BCUR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nahum Hat 5, Entrance 2, Haifa, ISR, 3508504

Website

https://www.bcurelaser.com

Erika B-Cure Laser Ltd is engaged in the development and production of laser devices for the treatment of pain and wounds. Its devices provide treatment for Knee Pain, Lower Back Pain, Neck Pain, Shoulder Pain, Finger Joint pain, and Burns.

Erika B-Cure Laser (XTAE:BCUR) Headlines

No Headlines