HLTHQ (Cue Health) Receivables Turnover: 13.01 (As of Dec. 2023)

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What is Cue Health Receivables Turnover?

Cue Health HLTHQ -90.00% Receivables Turnover is 13.01 as of Dec. 2023.

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. Cue Health's Revenue for the three months ended in Dec. 2023 was $17.38 Mil. Cue Health's average Accounts Receivable for the three months ended in Dec. 2023 was $1.34 Mil. Hence, Cue Health's Receivables Turnover for the three months ended in Dec. 2023 was 13.01.


Cue Health  (OTCPK:HLTHQ) 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.


Cue Health Receivables Turnover Related Terms


Cue Health Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Cue Health'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.

Cue Health Receivables Turnover Chart

Cue Health Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
33.13 7.05 11.32 7.69 6.39

Cue Health Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.72 1.32 9.75 13.01 7.53

HLTHQ vs UPHL, GEHC, VEEV: Receivables Turnover Comparison

For the Health Information Services subindustry, Cue Health'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.


Cue Health Receivables Turnover vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Cue Health's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Cue Health's Receivables Turnover falls into.



Cue Health Receivables Turnover Calculation

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

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

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=64.223 / ((18.751 + 1.352) / 2 )
=64.223 / 10.0515
=6.39

Cue Health's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=17.381 / ((1.32 + 1.352) / 2 )
=17.381 / 1.336
=13.01

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 13.01 mean?
Cue Health (HLTHQ) has a Receivables Turnover of 13.01 as of Dec. 2023. The accounts 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. View historical data on Cue Health and its competitors.
Is Cue Health's Receivables Turnover too high?
Cue Health's current Receivables Turnover is 13.01. The Healthcare Providers & Services industry median Receivables Turnover is 7.96. Cue Health's value of 13.01 is 63.4% above this industry median.
How does Cue Health's Receivables Turnover compare to UPHL and GEHC?
Cue Health's Receivables Turnover of 13.01 can be compared against companies in the Healthcare Providers & Services industry. The industry median Receivables Turnover is 7.96. Cue Health's value of 13.01 is 63.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Healthcare Providers & Services company?
The median Receivables Turnover among Healthcare Providers & Services companies is 7.96, based on 659 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cue Health's current Receivables Turnover of 13.01 is 63.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Cue Health and its competitors. For the Healthcare Providers & Services industry, the median Receivables Turnover is 7.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cue Health's current Receivables Turnover is 13.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cue Health stock overvalued right now?
Cue Health (HLTHQ) has a current Receivables Turnover of 13.01. The current Receivables Turnover is 13.01 and 63.4% above the Healthcare Providers & Services industry median of 7.96. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Cue Health (HLTHQ), the current Receivables Turnover is 13.01 as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Cue Health Business Description

Address 4980 Carroll Canyon Road, Suite 100, San Diego, CA, USA, 92121
Cue Health Inc is a health technology company. It puts consumers in control of health information and places diagnostic information at the center of care. It enables people to manage their health through real-time, actionable and connected health data. Further, it offers individuals, enterprises, government agencies, and healthcare providers access to lab-quality diagnostic testing at home, at work, or at the point of care, all in a device that fits in the palm of hand. Its Cue Integrated Care Platform consists of multiple hardware, software, and diagnostic components and has been engineered so that it can be directly integrated into existing workflows and on-demand services, such as telemedicine, e-Rx services, and EMR systems.