Devyser Diagnostics AB (FRA:OL0) Receivables Turnover : 1.32 (As of Sep. 2024)

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What is Devyser Diagnostics AB 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. Devyser Diagnostics AB's Revenue for the three months ended in Sep. 2024 was €4.29 Mil. Devyser Diagnostics AB's average Accounts Receivable for the three months ended in Sep. 2024 was €3.25 Mil. Hence, Devyser Diagnostics AB's Receivables Turnover for the three months ended in Sep. 2024 was 1.32.

Devyser Diagnostics AB Receivables Turnover Historical Data

The historical data trend for Devyser Diagnostics AB'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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Devyser Diagnostics AB Receivables Turnover Chart

Devyser Diagnostics AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.30

4.15

5.31

5.34

5.49

Devyser Diagnostics AB Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial														1.26	1.30	1.42	1.43	1.32

Competitive Comparison of Devyser Diagnostics AB's Receivables Turnover

For the Diagnostics & Research subindustry, Devyser Diagnostics AB'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.

Devyser Diagnostics AB's Receivables Turnover Distribution in the Medical Diagnostics & Research Industry

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

* The bar in red indicates where Devyser Diagnostics AB's Receivables Turnover falls into.

Devyser Diagnostics AB Receivables Turnover Calculation

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

Devyser Diagnostics AB'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 )
=	15.135	/ (	(2.501	+	3.013)	/	2 )
=	15.135	/	2.757
=	5.49

Devyser Diagnostics AB's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	4.29	/ (	(3.295	+	3.206)	/	2 )
=	4.29	/	3.2505
=	1.32

Devyser Diagnostics AB (FRA:OL0) 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.

Devyser Diagnostics AB Receivables Turnover Related Terms

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Devyser Diagnostics AB Business Description

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DVYSR:Sweden

Address

Instrumentvagen 19, Hagersten, SWE, 126 53

Website

https://www.devyser.com

Devyser Diagnostics AB develops, manufactures and sells diagnostic solutions and analysis services to clinical laboratories in more than 65 countries. The products are used for advanced genetic testing in the hereditary disease, oncology and transplant fields, to enable targeted cancer treatment, the diagnosis of a large number of genetic diseases, and transplant patient follow-up.

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