Lumos Diagnostics Holdings (ASX:LDX) Receivables Turnover : 1.16 (As of Dec. 2023)

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What is Lumos Diagnostics Holdings 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. Lumos Diagnostics Holdings's Revenue for the six months ended in Dec. 2023 was A$4.13 Mil. Lumos Diagnostics Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was A$3.58 Mil. Hence, Lumos Diagnostics Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 1.16.

Lumos Diagnostics Holdings Receivables Turnover Historical Data

The historical data trend for Lumos Diagnostics Holdings'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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Lumos Diagnostics Holdings Receivables Turnover Chart

Lumos Diagnostics Holdings Annual Data

Trend

Jun22

Jun23

Receivables Turnover

2.80

2.94

Lumos Diagnostics Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			1.48	2.56	1.83	2.28	1.16

Competitive Comparison of Lumos Diagnostics Holdings's Receivables Turnover

For the Diagnostics & Research subindustry, Lumos Diagnostics Holdings'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.

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

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

* The bar in red indicates where Lumos Diagnostics Holdings's Receivables Turnover falls into.

Lumos Diagnostics Holdings Receivables Turnover Calculation

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

Lumos Diagnostics Holdings's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	15.697	/ (	(5.9	+	4.772)	/	2 )
=	15.697	/	5.336
=	2.94

Lumos Diagnostics Holdings'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 )
=	4.132	/ (	(4.772	+	2.38)	/	2 )
=	4.132	/	3.576
=	1.16

Lumos Diagnostics Holdings (ASX:LDX) 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.

Lumos Diagnostics Holdings Receivables Turnover Related Terms

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Lumos Diagnostics Holdings (ASX:LDX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Lumos Diagnostics Holdings Ltd (ASX:LDX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

LDXHF:USA

Address

2724 Loker Ave West, Carlsbad, CA, USA, 92010

Website

https://www.lumosdiagnostics.com

Lumos Diagnostics Holdings Ltd is engaged in the development, manufacture and distribution of point-of-care diagnostic (POC) tests and associated readers for analysis of POC diagnostic tests. It also directly develops, manufactures and commercializes proprietary, Lumos-branded POC tests that target infectious and inflammatory diseases. It generates maximum revenue from the commercial services and solutions relating to POC diagnostic tests.

Lumos Diagnostics Holdings (ASX:LDX) Headlines

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