OneMedNet (OneMedNet) Receivables Turnover : 8.59 (As of Dec. 2023)

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What is OneMedNet 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. OneMedNet's Revenue for the six months ended in Dec. 2023 was $1.02 Mil. OneMedNet's average Accounts Receivable for the six months ended in Dec. 2023 was $0.12 Mil. Hence, OneMedNet's Receivables Turnover for the six months ended in Dec. 2023 was 8.59.

OneMedNet Receivables Turnover Historical Data

The historical data trend for OneMedNet'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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OneMedNet Receivables Turnover Chart

OneMedNet Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

4.23

7.61

20.77

11.95

OneMedNet Semi-Annual Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			-	60.68	-	-	8.59

Competitive Comparison of OneMedNet's Receivables Turnover

For the Health Information Services subindustry, OneMedNet'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.

OneMedNet's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, OneMedNet's Receivables Turnover distribution charts can be found below:

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

OneMedNet Receivables Turnover Calculation

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

OneMedNet'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: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	1.022	/ (	(0.019	+	0.152)	/	2 )
=	1.022	/	0.0855
=	11.95

OneMedNet'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 )
=	1.022	/ (	(0.086	+	0.152)	/	2 )
=	1.022	/	0.119
=	8.59

OneMedNet (NAS:ONMDW) 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.

OneMedNet Receivables Turnover Related Terms

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