VLXC (Veltex) Receivables Turnover : 0.44 (As of Sep. 2024)

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What is Veltex 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. Veltex's Revenue for the three months ended in Sep. 2024 was $0.30 Mil. Veltex's average Accounts Receivable for the three months ended in Sep. 2024 was $0.68 Mil. Hence, Veltex's Receivables Turnover for the three months ended in Sep. 2024 was 0.44.

Veltex Receivables Turnover Historical Data

The historical data trend for Veltex'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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Veltex Receivables Turnover Chart

Veltex Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

1.00

3.65

2.43

Veltex Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial				1.28	-	0.49	0.62	0.44

Competitive Comparison of Veltex's Receivables Turnover

For the Medical Care Facilities subindustry, Veltex'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.

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

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

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

Veltex Receivables Turnover Calculation

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

Veltex'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 )
=	0.719	/ (	(0.013	+	0.578)	/	2 )
=	0.719	/	0.2955
=	2.43

Veltex's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	0.3	/ (	(1.071	+	0.282)	/	2 )
=	0.3	/	0.6765
=	0.44

Veltex (OTCPK:VLXC) 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.

Veltex Receivables Turnover Related Terms

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Veltex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Veltex Corp (OTCPK:VLXC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

123 West Madison Street, Suite 1500, Chicago, IL, USA, 60602

Website

https://www.veltex.com

Veltex Corp is a United States-based holding company. The company is engaged in the development and acquisition of companies that have established or advanced the latest modalities in the areas of health, wellness, and recovery. Its market includes rehab centres and treatment centres. The company also acquires real estate properties.