Sphere Medical Holding (LSE:SPHR) Receivables Turnover : 1.00 (As of Dec. 2016)

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What is Sphere Medical Holding 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. Sphere Medical Holding's Revenue for the six months ended in Dec. 2016 was £0.02 Mil. Sphere Medical Holding's average Accounts Receivable for the six months ended in Dec. 2016 was £0.02 Mil. Hence, Sphere Medical Holding's Receivables Turnover for the six months ended in Dec. 2016 was 1.00.

Sphere Medical Holding Receivables Turnover Historical Data

The historical data trend for Sphere Medical Holding'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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Sphere Medical Holding Receivables Turnover Chart

Sphere Medical Holding Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Receivables Turnover

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0.96

1.74

3.11

3.33

2.07

Sphere Medical Holding Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16
Receivables Turnover	Get a 7-Day Free Trial						1.50	2.50	1.00	1.20	1.00

Competitive Comparison of Sphere Medical Holding's Receivables Turnover

For the Medical Devices subindustry, Sphere Medical Holding'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.

Sphere Medical Holding's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Sphere Medical Holding's Receivables Turnover falls into.

Sphere Medical Holding Receivables Turnover Calculation

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

Sphere Medical Holding's Receivables Turnover for the fiscal year that ended in Dec. 2016 is calculated as

	Receivables Turnover (A: Dec. 2016 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2016 )	/ (	(Accounts Receivable (A: Dec. 2015 )	+	Accounts Receivable (A: Dec. 2016 ))	/	count )
=	0.03	/ (	(0.005	+	0.024)	/	2 )
=	0.03	/	0.0145
=	2.07

Sphere Medical Holding's Receivables Turnover for the quarter that ended in Dec. 2016 is calculated as

	Receivables Turnover (Q: Dec. 2016 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2016 )	/ (	(Accounts Receivable (Q: Jun. 2016 )	+	Accounts Receivable (Q: Dec. 2016 ))	/	count )
=	0.024	/ (	(0	+	0.024)	/	1 )
=	0.024	/	0.024
=	1.00

Sphere Medical Holding (LSE:SPHR) 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.

Sphere Medical Holding Receivables Turnover Related Terms

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Sphere Medical Holding (LSE:SPHR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sphere Medical Holding PLC (LSE:SPHR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Harston Mill, Harston, Cambridge, GBR, CB22 7GG

Website

http://www.spheremedical.com

Sphere Medical Holding Ltd is a UK-based company which is engaged in research and development, manufacturing and sale of medical monitoring and diagnostic equipment within the medical device area. It focuses on developing the Proxima platform for measuring blood gases, electrolytes and metabolites. Proxima is an in-line patient dedicated arterial blood analyser which supports frequent measurements at critical times. It markets its product (Proxima) to critical care market which includes ICU (Intensive Care Unit) and OR (Operating Room). The company's products are used in medical applications, enabling faster clinical decision-making and improved patient outcomes. It operates is business in single reporting segment of Medical devices. Most of the company's revenue comes from Europe.