MRAI (Marpai) Receivables Turnover: 9.91 (As of Mar. 2024)

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MRAI Marpai Inc MRAI
16 GF Score
Price $2.21
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What is Marpai Receivables Turnover?

Marpai MRAI +16.93% 16 Receivables Turnover is 9.91 as of Mar. 2024. GuruFocus rates MRAI with a GF Score™ of 16/100.

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. Marpai's Revenue for the three months ended in Mar. 2024 was $7.39 Mil. Marpai's average Accounts Receivable for the three months ended in Mar. 2024 was $0.75 Mil. Hence, Marpai's Receivables Turnover for the three months ended in Mar. 2024 was 9.91.


Marpai  (OTCPK:MRAI) 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.


Marpai Receivables Turnover Related Terms


Marpai Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Marpai'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.

Marpai Receivables Turnover Chart

Marpai Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
0.00 0.00 68.07 29.56 28.99

Marpai Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.06 10.19 8.79 8.28 9.91

MRAI vs PFHO, NEUE, UNH: Receivables Turnover Comparison

For the Healthcare Plans subindustry, Marpai'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.


Marpai Receivables Turnover vs Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Marpai's Receivables Turnover distribution charts can be found below:

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


MRAI
16GF Score
Marpai Inc MRAI
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Marpai Receivables Turnover Calculation

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

Marpai's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=37.155 / ((1.438 + 1.125) / 2 )
=37.155 / 1.2815
=28.99

Marpai's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=7.385 / ((1.125 + 0.366) / 2 )
=7.385 / 0.7455
=9.91

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 9.91 mean?
Marpai (MRAI) has a Receivables Turnover of 9.91 as of Mar. 2024. The accounts 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. View historical data on Marpai and its competitors.
Is Marpai's Receivables Turnover too high?
Marpai's current Receivables Turnover is 9.91. The Healthcare Plans industry median Receivables Turnover is 8.91. Marpai's value of 9.91 is 11.3% above this industry median. Overall, Marpai has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Marpai's Receivables Turnover compare to PFHO and NEUE?
Marpai's Receivables Turnover of 9.91 can be compared against companies in the Healthcare Plans industry. The industry median Receivables Turnover is 8.91. Marpai's value of 9.91 is 11.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Healthcare Plans company?
The median Receivables Turnover among Healthcare Plans companies is 8.91, based on 14 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Marpai's current Receivables Turnover of 9.91 is 11.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Marpai and its competitors. For the Healthcare Plans industry, the median Receivables Turnover is 8.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marpai's current Receivables Turnover is 9.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marpai stock overvalued right now?
Marpai (MRAI) has a current Receivables Turnover of 9.91. The current Receivables Turnover is 9.91 and 11.3% above the Healthcare Plans industry median of 8.91. Marpai's overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Marpai (MRAI), the current Receivables Turnover is 9.91 as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Marpai Business Description

Address 615 Channelside Drive, Suite 207, Tampa, FL, USA, 33602
Marpai Inc is a technology-enabled healthcare platform company that provides third-party administration (TPA), pharmacy benefit management (PBM), and value-oriented health plan services to self-insured employers in the United States. The company offers health plan administration, care management, claims processing, and ancillary services, along with partnerships with provider networks and third-party vendors.
16GF Score

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Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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