Evome Medical Technologies (Evome Medical Technologies) Receivables Turnover : 1.78 (As of Dec. 2023)

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What is Evome Medical 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. Evome Medical Technologies's Revenue for the three months ended in Dec. 2023 was $11.72 Mil. Evome Medical Technologies's average Accounts Receivable for the three months ended in Dec. 2023 was $6.60 Mil. Hence, Evome Medical Technologies's Receivables Turnover for the three months ended in Dec. 2023 was 1.78.

Evome Medical Technologies Receivables Turnover Historical Data

The historical data trend for Evome Medical 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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Evome Medical Technologies Receivables Turnover Chart

Evome Medical Technologies Annual Data

Trend

Dec14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Dec23

Receivables Turnover

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0.92

0.54

2.88

8.63

Evome Medical Technologies Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.32	1.39	1.82	1.86	1.78

Competitive Comparison of Evome Medical Technologies's Receivables Turnover

For the Medical Devices subindustry, Evome Medical 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.

Evome Medical Technologies's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

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

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

Evome Medical Technologies Receivables Turnover Calculation

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

Evome Medical Technologies'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: Feb. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	46.681	/ (	(5.005	+	5.817)	/	2 )
=	46.681	/	5.411
=	8.63

Evome Medical Technologies's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	11.719	/ (	(7.38	+	5.817)	/	2 )
=	11.719	/	6.5985
=	1.78

Evome Medical Technologies (OTCPK:LNDZF) 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.

Evome Medical Technologies Receivables Turnover Related Terms

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