Catheter Precision (STU:4RM) Receivables Turnover : 0.78 (As of Mar. 2024)

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What is Catheter Precision 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. Catheter Precision's Revenue for the three months ended in Mar. 2024 was €0.08 Mil. Catheter Precision's average Accounts Receivable for the three months ended in Mar. 2024 was €0.10 Mil. Hence, Catheter Precision's Receivables Turnover for the three months ended in Mar. 2024 was 0.78.

Catheter Precision Receivables Turnover Historical Data

The historical data trend for Catheter Precision'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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Catheter Precision Receivables Turnover Chart

Catheter Precision Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.94

0.59

0.97

0.68

3.21

Catheter Precision Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.05	0.96	1.63	1.38	0.78

Competitive Comparison of Catheter Precision's Receivables Turnover

For the Medical Devices subindustry, Catheter Precision'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.

Catheter Precision's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

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

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

Catheter Precision Receivables Turnover Calculation

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

Catheter Precision'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 )
=	0.405	/ (	(0	+	0.126)	/	1 )
=	0.405	/	0.126
=	3.21

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

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	0.075	/ (	(0.126	+	0.067)	/	2 )
=	0.075	/	0.0965
=	0.78

Catheter Precision (STU:4RM) 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.

Catheter Precision Receivables Turnover Related Terms

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Catheter Precision (STU:4RM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Catheter Precision Inc (STU:4RM) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

VTAK:USA 4RM:Germany

Address

1670 Highway 160 West, Suite 205, Fort Mill, SC, USA, 29708

Website

https://www.ramed.com

Catheter Precision Inc Formerly Ra Medical Systems Inc is a commercial-stage medical device company whose business comprises of the design, manufacture and sale of new medical technologies in the field of cardiac electrophysiology, or EP. Its product, View into Ventricular Onset System or VIVO System which is a non invasive imaging system that offers 3D cardiac mapping to help with localizing the sites of idiopathic ventricular arrhythmias in patients with structurally normal hearts prior to EP procedures. . It operates business as one segment which includes all activities related to the marketing, sales and development of medical technologies in the field of cardiac EP.

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