LumiraDx (LumiraDx) Receivables Turnover : 0.79 (As of Jun. 2023)

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What is LumiraDx 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. LumiraDx's Revenue for the three months ended in Jun. 2023 was $21.00 Mil. LumiraDx's average Accounts Receivable for the three months ended in Jun. 2023 was $26.55 Mil. Hence, LumiraDx's Receivables Turnover for the three months ended in Jun. 2023 was 0.79.

LumiraDx Receivables Turnover Historical Data

The historical data trend for LumiraDx'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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LumiraDx Receivables Turnover Chart

LumiraDx Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

1.67

5.38

5.08

LumiraDx Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Receivables Turnover	Get a 7-Day Free Trial								0.85	1.05	1.03	0.66	0.79

Competitive Comparison of LumiraDx's Receivables Turnover

For the Diagnostics & Research subindustry, LumiraDx'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.

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

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

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

LumiraDx Receivables Turnover Calculation

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

LumiraDx's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	254.476	/ (	(73.526	+	26.676)	/	2 )
=	254.476	/	50.101
=	5.08

LumiraDx's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	21.004	/ (	(40.323	+	12.773)	/	2 )
=	21.004	/	26.548
=	0.79

LumiraDx (OTCPK:LMDWF) 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.

LumiraDx Receivables Turnover Related Terms

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LumiraDx (LumiraDx) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » LumiraDx Ltd (OTCPK:LMDWF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

LMDXF:USA

Address

C/o Ocorian Trust (Cayman) Ltd, Windward 3, P.O. Box 1350, Regatta Office Park, Grand Cayman, CYM, KY1-1108

Website

https://www.lumiradx.com

LumiraDx Ltd is a next-generation point of care diagnostics company. It manufactures and commercializes an innovative diagnostic Platform that supports a broad menu of tests with lab comparable performance at the point of care. Geographical presence in United States, Italy, UK, Germany, Colombia, Sweden and Other countries. Majority revenue derives from U.S.