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. Marpai's Revenue for the
three
months ended in Dec. 2023 was $8.71 Mil. Marpai's average Accounts Receivable for the
three
months ended in Dec. 2023 was $1.05 Mil.
Hence, Marpai's Receivables Turnover for the
three
months ended in Dec. 2023 was 8.28.
Marpai Receivables Turnover Historical Data
The historical data trend for Marpai'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.
Competitive Comparison of Marpai's Receivables Turnover
For the Healthcare Plans subindustry, Marpai'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.
Marpai's Receivables Turnover Distribution in the Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, Marpai's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Marpai's Receivables Turnover falls into.
Marpai Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Marpai's Receivables Turnover for the fiscal year 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.
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.
Marpai Receivables Turnover Related Terms
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Marpai Inc operates as a health plan company. It uses A.I. to predict and help prevent costly events for its members, and in turn, lower its clients' health care costs. It offers a health plan services system that addresses the problems of healthcare past and enables companies to provide healthcare to employees. The company generates the majority of its revenue from the United States.
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