DIH Holding US (DIH Holding US) Receivables Turnover : 9.05 (As of Mar. 2023)

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What is DIH Holding US 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. DIH Holding US's Revenue for the six months ended in Mar. 2023 was $55.00 Mil. DIH Holding US's average Accounts Receivable for the six months ended in Mar. 2023 was $6.26 Mil. Hence, DIH Holding US's Receivables Turnover for the six months ended in Mar. 2023 was 8.78.

DIH Holding US Receivables Turnover Historical Data

The historical data trend for DIH Holding US'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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DIH Holding US Receivables Turnover Chart

DIH Holding US Annual Data

Trend

Mar22

Mar23

Receivables Turnover

7.61

8.78

DIH Holding US Semi-Annual Data
	Mar22	Mar23
Receivables Turnover	7.61	9.05

Competitive Comparison of DIH Holding US's Receivables Turnover

For the Medical Devices subindustry, DIH Holding US'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.

DIH Holding US's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where DIH Holding US's Receivables Turnover falls into.

DIH Holding US Receivables Turnover Calculation

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

DIH Holding US'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 )
=	54.998	/ (	(6.444	+	6.079)	/	2 )
=	54.998	/	6.2615
=	8.78

DIH Holding US's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	54.998	/ (	(6.444	+	6.079)	/	2 )
=	54.998	/	6.2615
=	8.78

DIH Holding US (NAS:DHAI) 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.

DIH Holding US Receivables Turnover Related Terms

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DIH Holding US (DIH Holding US) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » DIH Holding US Inc (NAS:DHAI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 Accord Park Drive, Suite D-1, Norwell, MA, USA, 02061

Website

https://www.dih.com

DIH Holding US Inc is a global solution provider in blending innovative robotic and virtual reality (VR) technologies with clinical integration and insights. It is positioning itself as a transformative total smart solutions provider and consolidator in a largely fragmented and manual-labor-driven industry.

DIH Holding US (DIH Holding US) Headlines

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