CurveBeam AI (ASX:CVB) Receivables Turnover : 1.11 (As of Dec. 2023)

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What is CurveBeam AI 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. CurveBeam AI's Revenue for the six months ended in Dec. 2023 was A$3.42 Mil. CurveBeam AI's average Accounts Receivable for the six months ended in Dec. 2023 was A$3.08 Mil. Hence, CurveBeam AI's Receivables Turnover for the six months ended in Dec. 2023 was 1.11.

CurveBeam AI Receivables Turnover Historical Data

The historical data trend for CurveBeam AI'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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CurveBeam AI Receivables Turnover Chart

CurveBeam AI Annual Data

Trend

Jun21

Jun22

Jun23

Receivables Turnover

2.98

CurveBeam AI Semi-Annual Data
	Jun21	Dec21	Jun22	Jun23	Dec23
Receivables Turnover	-	-	-	-	1.11

Competitive Comparison of CurveBeam AI's Receivables Turnover

For the Medical Devices subindustry, CurveBeam AI'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.

CurveBeam AI's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where CurveBeam AI's Receivables Turnover falls into.

CurveBeam AI Receivables Turnover Calculation

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

CurveBeam AI'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 )
=	8.055	/ (	(0	+	2.704)	/	1 )
=	8.055	/	2.704
=	2.98

CurveBeam AI'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 )
=	3.418	/ (	(2.704	+	3.465)	/	2 )
=	3.418	/	3.0845
=	1.11

CurveBeam AI (ASX:CVB) 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.

CurveBeam AI Receivables Turnover Related Terms

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CurveBeam AI (ASX:CVB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » CurveBeam AI Ltd (ASX:CVB) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

10?16 Queen Street, Level 10, Melbourne, VIC, AUS, 3000

Website

https://www.curvebeamai.com

CurveBeam AI Ltd is a manufacturer of specialized imaging equipment that has developed software that, through the use of artificial intelligence (AI), and deep learning AI (DLAI), automates the scan processing and analysis of the high-quality images produced from the Company's CT devices to assist in the clinical assessment and management of musculoskeletal health conditions, with a focus on orthopedic and bone health issues. The Company is the first to market with natural bilateral weight-bearing and non-weight-bearing CT, point-of-care imaging equipment with targeted proprietary AI solutions.

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