Co-Diagnostics (Co-Diagnostics) Receivables Turnover : 6.40 (As of Dec. 2023)

Co-Diagnostics Receivables Turnover Chart

Co-Diagnostics Annual Data
	Trend	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Receivables Turnover		Get a 7-Day Free Trial				2.99	12.15	5.94	2.82	3.63

Co-Diagnostics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.25	0.20	0.10	2.58	6.40

Competitive Comparison of Co-Diagnostics's Receivables Turnover

For the Medical Devices subindustry, Co-Diagnostics'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.

Co-Diagnostics's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Co-Diagnostics's Receivables Turnover falls into.

Co-Diagnostics Receivables Turnover Calculation

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

Co-Diagnostics's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Co-Diagnostics's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

* 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.

Co-Diagnostics  (NAS:CODX) 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.

Co-Diagnostics Receivables Turnover Related Terms

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Co-Diagnostics (Co-Diagnostics) Business Description