Visioneering Technologies (ASX:VTI) Receivables Turnover : 4.46 (As of Jun. 2024)

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What is Visioneering 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. Visioneering Technologies's Revenue for the six months ended in Jun. 2024 was A$6.99 Mil. Visioneering Technologies's average Accounts Receivable for the six months ended in Jun. 2024 was A$1.57 Mil. Hence, Visioneering Technologies's Receivables Turnover for the six months ended in Jun. 2024 was 4.46.

Visioneering Technologies Receivables Turnover Historical Data

The historical data trend for Visioneering 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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Visioneering Technologies Receivables Turnover Chart

Visioneering Technologies Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.73

5.50

7.92

9.20

10.28

Visioneering Technologies Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial										3.60	3.85	4.56	3.49	4.46

Competitive Comparison of Visioneering Technologies's Receivables Turnover

For the Medical Devices subindustry, Visioneering 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.

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

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

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

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Visioneering Technologies Receivables Turnover Calculation

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

Visioneering Technologies's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	12.953	/ (	(1.076	+	1.443)	/	2 )
=	12.953	/	1.2595
=	10.28

Visioneering Technologies's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	6.988	/ (	(1.443	+	1.69)	/	2 )
=	6.988	/	1.5665
=	4.46

Visioneering Technologies (ASX:VTI) 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.

Visioneering Technologies Receivables Turnover Related Terms

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Visioneering Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Visioneering Technologies Inc (ASX:VTI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

30 Mansell Court, Suite 215, Alpharetta, GA, USA, 30076

Website

http://www.vtivision.com

Visioneering Technologies Inc is a medical device company. It designs, manufactures, sells, and distributes its NaturalVue daily disposable multifocal contact lenses for adults with Presbyopia and children with Myopia. The company offers NaturalVue MF contact lenses. Its Multifocal contact lens provides Presbyopia patients with near, intermediate, and distance vision, making it much easier for eye care professionals to fit their patients. It has two reportable segments; North America which includes its operations in the United States and Canada; and Europe/Asia Pacific which includes its operations outside North America.