4DMedical (ASX:4DX) Receivables Turnover : 0.99 (As of Dec. 2023)

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What is 4DMedical 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. 4DMedical's Revenue for the six months ended in Dec. 2023 was A$0.79 Mil. 4DMedical's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.80 Mil. Hence, 4DMedical's Receivables Turnover for the six months ended in Dec. 2023 was 0.99.

4DMedical Receivables Turnover Historical Data

The historical data trend for 4DMedical'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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4DMedical Receivables Turnover Chart

4DMedical Annual Data

Trend

Jun21

Jun22

Jun23

Receivables Turnover

0.51

0.89

0.22

4DMedical Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			0.25	0.66	0.47	-	0.99

Competitive Comparison of 4DMedical's Receivables Turnover

For the Medical Devices subindustry, 4DMedical'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.

4DMedical's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, 4DMedical's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where 4DMedical's Receivables Turnover falls into.

4DMedical Receivables Turnover Calculation

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

4DMedical's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	0.282	/ (	(1.936	+	0.584)	/	2 )
=	0.282	/	1.26
=	0.22

4DMedical's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	0.793	/ (	(0.584	+	1.021)	/	2 )
=	0.793	/	0.8025
=	0.99

4DMedical (ASX:4DX) 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.

4DMedical Receivables Turnover Related Terms

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4DMedical (ASX:4DX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » 4DMedical Ltd (ASX:4DX) » Definitions » Receivables Turnover

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Traded in Other Exchanges

FDMDF:USA

Address

700 Swanston Street, Level 7, Melbourne Connect, Carlton, VIC, AUS, 3053

Website

https://www.4dmedical.com

4DMedical Ltd is a company whose principal activities is medical research technology and the development of a non?invasive respiratory imaging solution using four?dimensional imaging. The four-dimensional lung imaging technology utilises mathematics models and algorithms to convert X-ray scans into quantitative data which helps the physicians to manage patients with respiratory diseases and diseases of the lung.

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