Leveljump Healthcare (TSXV:JUMP) Receivables Turnover : 2.52 (As of Sep. 2023)

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What is Leveljump Healthcare 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. Leveljump Healthcare's Revenue for the three months ended in Sep. 2023 was C$2.86 Mil. Leveljump Healthcare's average Accounts Receivable for the three months ended in Sep. 2023 was C$1.13 Mil. Hence, Leveljump Healthcare's Receivables Turnover for the three months ended in Sep. 2023 was 2.52.

Leveljump Healthcare Receivables Turnover Historical Data

The historical data trend for Leveljump Healthcare'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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Leveljump Healthcare Receivables Turnover Chart

Leveljump Healthcare Annual Data

Trend

Aug19

Aug20

Dec21

Dec22

Receivables Turnover

7.64

8.24

Leveljump Healthcare Quarterly Data
	Nov19	Aug20	Nov20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial								2.69	2.65	2.28	2.12	2.52

Competitive Comparison of Leveljump Healthcare's Receivables Turnover

For the Diagnostics & Research subindustry, Leveljump Healthcare'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.

Leveljump Healthcare's Receivables Turnover Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Leveljump Healthcare's Receivables Turnover distribution charts can be found below:

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

Leveljump Healthcare Receivables Turnover Calculation

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

Leveljump Healthcare's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	9.228	/ (	(0.879	+	1.36)	/	2 )
=	9.228	/	1.1195
=	8.24

Leveljump Healthcare's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	2.856	/ (	(1.244	+	1.024)	/	2 )
=	2.856	/	1.134
=	2.52

Leveljump Healthcare (TSXV:JUMP) 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.

Leveljump Healthcare Receivables Turnover Related Terms

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Leveljump Healthcare (TSXV:JUMP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Leveljump Healthcare Corp (TSXV:JUMP) » Definitions » Receivables Turnover

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Traded in Other Exchanges

JMPHF:USA

Address

85 Scarsdale Road, Suite 304, Toronto, ON, CAN, M3B 2R2

Website

https://www.leveljumphealthcare.com

Leveljump Healthcare Corp is engaged in the business of providing radiology solutions for hospitals, emergency rooms, and private clinics. The company offers telehealth services that are designed to provide a doctor-to-doctor collaboration and diagnosis allowing effective patient care.

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