Aquarius Surgical Technologies (Aquarius Surgical Technologies) Receivables Turnover : 0.71 (As of Dec. 2023)

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What is Aquarius Surgical 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. Aquarius Surgical Technologies's Revenue for the three months ended in Dec. 2023 was $0.04 Mil. Aquarius Surgical Technologies's average Accounts Receivable for the three months ended in Dec. 2023 was $0.06 Mil. Hence, Aquarius Surgical Technologies's Receivables Turnover for the three months ended in Dec. 2023 was 0.71.

Aquarius Surgical Technologies Receivables Turnover Historical Data

The historical data trend for Aquarius Surgical 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.

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Aquarius Surgical Technologies Receivables Turnover Chart

Aquarius Surgical Technologies Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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1.99

9.41

3.48

2.24

2.38

Aquarius Surgical Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.68	0.54	0.73	0.79	0.71

Competitive Comparison of Aquarius Surgical Technologies's Receivables Turnover

For the Medical Devices subindustry, Aquarius Surgical 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.

Aquarius Surgical Technologies's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Aquarius Surgical Technologies's Receivables Turnover falls into.

Aquarius Surgical Technologies Receivables Turnover Calculation

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

Aquarius Surgical Technologies's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	0.149	/ (	(0.069	+	0.056)	/	2 )
=	0.149	/	0.0625
=	2.38

Aquarius Surgical Technologies'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 )
=	0.042	/ (	(0.064	+	0.054)	/	2 )
=	0.042	/	0.059
=	0.71

Aquarius Surgical Technologies (OTCPK:AQQRF) 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.

Aquarius Surgical Technologies Receivables Turnover Related Terms

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Aquarius Surgical Technologies (Aquarius Surgical Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Aquarius Surgical Technologies Inc (OTCPK:AQQRF) » Definitions » Receivables Turnover

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ASTI:Canada

Address

89 Scollard Street, Toronto, ON, CAN, M5R 1G4

Website

https://aquariussurgical.com

Aquarius Surgical Technologies Inc is engaged in the development, sale, distribution, marketing, and exploitation of laser-driven technologies for use in surgical environments, principally in the field of urology. The company derives revenue from the sale of medical devices and fiber-optic delivery devices. Geographically, it has a presence in Canada, the United States, and the Dominican Republic.