What is Palatin Technologies 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. Palatin Technologies's Revenue for the
three
months ended in Dec. 2023 was $2.03 Mil. Palatin Technologies's average Accounts Receivable for the
three
months ended in Dec. 2023 was $1.85 Mil.
Hence, Palatin Technologies's Receivables Turnover for the
three
months ended in Dec. 2023 was 1.10.
Palatin Technologies Receivables Turnover Historical Data
The historical data trend for Palatin Technologies'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 Palatin Technologies's Receivables Turnover
For the Biotechnology subindustry, Palatin Technologies'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.
Palatin Technologies's Receivables Turnover Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Palatin Technologies's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Palatin Technologies's Receivables Turnover falls into.
* 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.
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.
Palatin Technologies Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Palatin Technologies's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Palatin Technologies (Palatin Technologies) Business Description
Palatin Technologies Inc is a part of the healthcare sector. The company is engaged in developing targeted, receptor-specific peptide therapeutics for the treatment of diseases with unmet medical needs and commercial potential. Its programs are based on molecules that modulate the activity of the melanocortin and natriuretic peptide receptor systems. Its main product in clinical development is bremelanotide, which treats hypoactive sexual desire disorder, which is a type of female sexual dysfunction.
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