Lexagene Holdings (Lexagene Holdings) Receivables Turnover : 1.12 (As of Nov. 2022)

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What is Lexagene Holdings 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. Lexagene Holdings's Revenue for the three months ended in Nov. 2022 was $0.04 Mil. Lexagene Holdings's average Accounts Receivable for the three months ended in Nov. 2022 was $0.04 Mil. Hence, Lexagene Holdings's Receivables Turnover for the three months ended in Nov. 2022 was 1.12.

Lexagene Holdings Receivables Turnover Historical Data

The historical data trend for Lexagene Holdings'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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Lexagene Holdings Receivables Turnover Chart

Lexagene Holdings Annual Data

Trend

Mar13

Mar14

Mar15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Receivables Turnover

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2.47

2.59

Lexagene Holdings Quarterly Data
	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22
Receivables Turnover	Get a 7-Day Free Trial															1.55	-	0.77	2.44	1.12

Competitive Comparison of Lexagene Holdings's Receivables Turnover

For the Medical Devices subindustry, Lexagene Holdings'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.

Lexagene Holdings's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

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

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

Lexagene Holdings Receivables Turnover Calculation

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

Lexagene Holdings's Receivables Turnover for the fiscal year that ended in Feb. 2022 is calculated as

	Receivables Turnover (A: Feb. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2022 )	/ (	(Accounts Receivable (A: Feb. 2021 )	+	Accounts Receivable (A: Feb. 2022 ))	/	count )
=	0.075	/ (	(0.044	+	0.014)	/	2 )
=	0.075	/	0.029
=	2.59

Lexagene Holdings's Receivables Turnover for the quarter that ended in Nov. 2022 is calculated as

	Receivables Turnover (Q: Nov. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Nov. 2022 )	/ (	(Accounts Receivable (Q: Aug. 2022 )	+	Accounts Receivable (Q: Nov. 2022 ))	/	count )
=	0.043	/ (	(0.025	+	0.052)	/	2 )
=	0.043	/	0.0385
=	1.12

Lexagene Holdings (OTCPK:LXXGQ) 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.

Lexagene Holdings Receivables Turnover Related Terms

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Lexagene Holdings (Lexagene Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Lexagene Holdings Inc (OTCPK:LXXGQ) » Definitions » Receivables Turnover

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Address

500 Cummings Center, Suite 4550, Beverly, MA, USA, 01915

Website

https://www.lexagene.com

Lexagene Holdings Inc is a molecular diagnostics company that develops molecular diagnostic systems for pathogen detection and genetic testing for other molecular markers for on-site rapid testing in veterinary diagnostics, and for use in open-access markets such as food and water safety, clinical research, agricultural testing and biodefense. The MiQLab system delivers sensitivity, specificity, and breadth of detection and can return results in approximately two hours. The unique open-access feature is designed for custom testing so that end-users can load their own real-time PCR assays onto the instrument to target any genetic target of interest.