MCRXF (Micro-X) Receivables Turnover : 1.56 (As of Dec. 2024)

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What is Micro-X 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. Micro-X's Revenue for the six months ended in Dec. 2024 was $2.51 Mil. Micro-X's average Accounts Receivable for the six months ended in Dec. 2024 was $1.61 Mil. Hence, Micro-X's Receivables Turnover for the six months ended in Dec. 2024 was 1.56.

Micro-X Receivables Turnover Historical Data

The historical data trend for Micro-X'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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Micro-X Receivables Turnover Chart

Micro-X Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

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3.25

3.07

37.64

36.68

20.48

Micro-X Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial														3.87	2.94	11.17	9.03	1.56

Competitive Comparison of Micro-X's Receivables Turnover

For the Medical Devices subindustry, Micro-X'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.

Micro-X's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Micro-X's Receivables Turnover falls into.

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Micro-X Receivables Turnover Calculation

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

Micro-X's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Receivables Turnover (A: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2024 )	/ (	(Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )
=	10.108	/ (	(0.468	+	0.519)	/	2 )
=	10.108	/	0.4935
=	20.48

Micro-X's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	2.509	/ (	(0.519	+	2.703)	/	2 )
=	2.509	/	1.611
=	1.56

Micro-X (OTCPK:MCRXF) 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.

Micro-X Receivables Turnover Related Terms

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Micro-X Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Micro-X Ltd (OTCPK:MCRXF) » Definitions » Receivables Turnover

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MX1:Australia

Address

A14, 6 MAB Eastern Promenade, Tonsley, Clovelly Park, Adelaide, SA, AUS, 5042

Website

https://www.micro-x.com

Micro-X Ltd operates in the medical industry. The company is engaged in the design, development, manufacturing, and sale of ultra-lightweight carbon nanotube-based X-ray products, including core X-ray tubes and high-voltage generator components, for the healthcare, defense, and security markets. Its products include Nano; Rover and Mobile Backscatter Imager (MBI), Mobile Baggage Scanner (MBS), and others. Geographically, it derives a majority of its revenue from the United States and also has a presence in Asia-Pacific, and Europe & EMEA.