Probiotix Health (AQSE:PBX) Receivables Turnover : 2.44 (As of Jun. 2023)

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What is Probiotix Health 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. Probiotix Health's Revenue for the six months ended in Jun. 2023 was £0.55 Mil. Probiotix Health's average Accounts Receivable for the six months ended in Jun. 2023 was £0.23 Mil. Hence, Probiotix Health's Receivables Turnover for the six months ended in Jun. 2023 was 2.44.

Probiotix Health Receivables Turnover Historical Data

The historical data trend for Probiotix 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.

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Probiotix Health Receivables Turnover Chart

Probiotix Health Annual Data

Trend

Dec18

Dec19

Dec20

Dec22

Receivables Turnover

Probiotix Health Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial			-	-	0.59	-	2.44

Competitive Comparison of Probiotix Health's Receivables Turnover

For the Biotechnology subindustry, Probiotix 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.

Probiotix Health's Receivables Turnover Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Probiotix Health's Receivables Turnover distribution charts can be found below:

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

Probiotix Health Receivables Turnover Calculation

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

Probiotix Health's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2020 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	0	/ (	(0	+	0.352)	/	1 )
=	0	/	0.352
=	N/A

Probiotix Health's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	0.552	/ (	(0.352	+	0.101)	/	2 )
=	0.552	/	0.2265
=	2.44

Probiotix Health (AQSE:PBX) 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.

Probiotix Health Receivables Turnover Related Terms

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Probiotix Health (AQSE:PBX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Probiotix Health PLC (AQSE:PBX) » Definitions » Receivables Turnover

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Traded in Other Exchanges

X90:Germany

Address

Nostell Business Estate, First Floor Zucchi Suite, Wakefield, GBR, WF4 1AB

Website

https://www.probiotixhealth-ir.com

Probiotix Health PLC develops probiotics to tackle cardiovascular disease and other lifestyle conditions which are affecting growing numbers of people across the world. The Company has one class of business, in three geographical areas being that of identifying and developing microbial strains, compounds and formulations for use in the nutraceutical industry.

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