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. Abaxis's Revenue for the
three
months ended in Mar. 2018 was $67.9 Mil. Abaxis's average Accounts Receivable for the
three
months ended in Mar. 2018 was $44.3 Mil.
Hence, Abaxis's Receivables Turnover for the
three
months ended in Mar. 2018 was 1.53.
Abaxis Receivables Turnover Historical Data
The historical data trend for Abaxis'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 Abaxis's Receivables Turnover
For the Diagnostics & Research subindustry, Abaxis'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.
Abaxis's Receivables Turnover Distribution in the Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, Abaxis's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Abaxis's Receivables Turnover falls into.
Abaxis Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Abaxis's Receivables Turnover for the fiscal year that ended in Mar. 2018 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.
Abaxis Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Abaxis's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Abaxis Inc manufactures point-of-care blood analysis instruments and consumables for medical and veterinary care providers. The medical segment sells Piccolo Chemistry Analyzers, which can provide results about a blood sample in 12 minutes, and related reagents to physicians, hospitals, pharmacies, and other healthcare providers. The veterinary segment generates the majority of the firm's total revenue and sells products to animal hospitals, veterinary clinics, and private research laboratories. Products in this segment include the VetScan VS2 chemistry analyzer, animal-specific reagents, and rapid tests for canine and feline diseases. The vast majority of the firm's revenue comes from North America and Europe.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ABAX has been successfully added to your 