Bioasis Technologies (FRA:107) Receivables Turnover : 9.08 (As of Nov. 2022)

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What is Bioasis 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. Bioasis Technologies's Revenue for the three months ended in Nov. 2022 was €0.11 Mil. Bioasis Technologies's average Accounts Receivable for the three months ended in Nov. 2022 was €0.01 Mil. Hence, Bioasis Technologies's Receivables Turnover for the three months ended in Nov. 2022 was 9.08.

Bioasis Technologies Receivables Turnover Historical Data

The historical data trend for Bioasis 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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Bioasis Technologies Receivables Turnover Chart

Bioasis Technologies Annual Data

Trend

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Receivables Turnover

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15.83

86.18

52.25

183.17

0.59

Bioasis Technologies Quarterly Data
	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22
Receivables Turnover	Get a 7-Day Free Trial															0.69	-	-	1.30	9.08

Competitive Comparison of Bioasis Technologies's Receivables Turnover

For the Biotechnology subindustry, Bioasis 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.

Bioasis Technologies's Receivables Turnover Distribution in the Biotechnology Industry

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

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

Bioasis Technologies Receivables Turnover Calculation

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

Bioasis Technologies's Receivables Turnover for the fiscal year that ended in Feb. 2022 is calculated as

	Receivables Turnover (A: Feb. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2022 )	/ (	(Accounts Receivable (A: Feb. 2021 )	+	Accounts Receivable (A: Feb. 2022 ))	/	count )
=	0.026	/ (	(0.02	+	0.068)	/	2 )
=	0.026	/	0.044
=	0.59

Bioasis Technologies's Receivables Turnover for the quarter that ended in Nov. 2022 is calculated as

	Receivables Turnover (Q: Nov. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Nov. 2022 )	/ (	(Accounts Receivable (Q: Aug. 2022 )	+	Accounts Receivable (Q: Nov. 2022 ))	/	count )
=	0.109	/ (	(0.014	+	0.01)	/	2 )
=	0.109	/	0.012
=	9.08

Bioasis Technologies (FRA:107) 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.

Bioasis Technologies Receivables Turnover Related Terms

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Bioasis Technologies (FRA:107) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Bioasis Technologies Inc (FRA:107) » Definitions » Receivables Turnover

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Address

157 Church Street, 19th Floor, New Haven, CT, USA, 06510

Website

https://www.bioasis.us

Bioasis Technologies Inc is a development stage biopharmaceutical company. It is engaged in the research and development of products for the diagnosis and treatment of neurological diseases and disorders. The company has worked on a blood-brain barrier program and studies disorders in the brain. The company's xB3 program describes its proprietary carrier, for the delivery of therapeutics across the blood-brain barrier and the treatment of CNS disorders in areas of high unmet medical need, including brain cancers and neurodegenerative diseases. The company's in-house development programs are designed to develop symptomatic and disease-modifying treatments for brain-related diseases and disorders.

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