Microba Life Sciences (ASX:MAP) Receivables Turnover : 0.50 (As of Dec. 2023)

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What is Microba Life Sciences 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. Microba Life Sciences's Revenue for the six months ended in Dec. 2023 was A$3.27 Mil. Microba Life Sciences's average Accounts Receivable for the six months ended in Dec. 2023 was A$6.51 Mil. Hence, Microba Life Sciences's Receivables Turnover for the six months ended in Dec. 2023 was 0.50.

Microba Life Sciences Receivables Turnover Historical Data

The historical data trend for Microba Life Sciences'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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Microba Life Sciences Receivables Turnover Chart

Microba Life Sciences Annual Data

Trend

Jun22

Jun23

Receivables Turnover

7.96

9.10

Microba Life Sciences Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	-	-	1.09	1.65	0.50

Competitive Comparison of Microba Life Sciences's Receivables Turnover

For the Diagnostics & Research subindustry, Microba Life Sciences'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.

Microba Life Sciences's Receivables Turnover Distribution in the Medical Diagnostics & Research Industry

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

* The bar in red indicates where Microba Life Sciences's Receivables Turnover falls into.

Microba Life Sciences Receivables Turnover Calculation

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

Microba Life Sciences'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 )
=	5.42	/ (	(0.589	+	0.602)	/	2 )
=	5.42	/	0.5955
=	9.10

Microba Life Sciences'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 )
=	3.273	/ (	(0.602	+	12.412)	/	2 )
=	3.273	/	6.507
=	0.50

Microba Life Sciences (ASX:MAP) 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.

Microba Life Sciences Receivables Turnover Related Terms

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Microba Life Sciences (ASX:MAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Microba Life Sciences Ltd (ASX:MAP) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

324 Queen Street, Level 10, Brisbane, QLD, AUS, 4000

Website

https://www.microba.com

Microba Life Sciences Ltd is a commercial-stage company with technology for measuring the human gut microbiome which includes delivering gut microbiome testing services globally to consumers, clinicians, and researchers. The company's segment includes Testing Services, and Research and Development.

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