DocCheck AG (XTER:AJ91) Receivables Turnover : 3.29 (As of Jun. 2023)

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What is DocCheck AG 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. DocCheck AG's Revenue for the six months ended in Jun. 2023 was €26.22 Mil. DocCheck AG's average Accounts Receivable for the six months ended in Jun. 2023 was €7.97 Mil. Hence, DocCheck AG's Receivables Turnover for the six months ended in Jun. 2023 was 3.29.

DocCheck AG Receivables Turnover Historical Data

The historical data trend for DocCheck AG'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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DocCheck AG Receivables Turnover Chart

DocCheck AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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7.19

7.41

11.49

11.93

6.54

DocCheck AG Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial															8.32	4.69	4.11	3.91	3.29

Competitive Comparison of DocCheck AG's Receivables Turnover

For the Health Information Services subindustry, DocCheck AG'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.

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

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

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

DocCheck AG Receivables Turnover Calculation

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

DocCheck AG'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 )
=	60.899	/ (	(8.503	+	10.121)	/	2 )
=	60.899	/	9.312
=	6.54

DocCheck AG's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	26.219	/ (	(10.121	+	5.813)	/	2 )
=	26.219	/	7.967
=	3.29

DocCheck AG (XTER:AJ91) 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.

DocCheck AG Receivables Turnover Related Terms

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DocCheck AG (XTER:AJ91) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » DocCheck AG (XTER:AJ91) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

AJ91:Germany

Address

Doccheck AG, Vogelsanger Strac E 66, Koln, DEU, 50823

Website

http://www.doccheck.ag/investor

DocCheck AG is a Germany-based company engaged in the healthcare sector. It operates through subsidiaries: antwerpes AG develops integrated communication concepts for the healthcare sector, including social media and digital communication with focus on e-marketing concepts, search engine optimization (SEO), search engine advertising (SEA) and search engine marketing (SEM); DocCheck Medical Services GmbH operates an online platform for healthcare professionals, such as physicians and pharmacists; DocCheck Medizinbedarf und Logistik GmbH wholesales medical products from third parties and also produces own medical products, and DocCheck Guano AG is a venture capital company with focus on e-health companies and promotes healthcare startups.

Executives

Dr. Frank Antwerpes

Board of Directors

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