Imricor Medical Systems (ASX:IMR) Receivables Turnover : 1.61 (As of Dec. 2023)

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What is Imricor Medical Systems 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. Imricor Medical Systems's Revenue for the six months ended in Dec. 2023 was A$0.62 Mil. Imricor Medical Systems's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.39 Mil. Hence, Imricor Medical Systems's Receivables Turnover for the six months ended in Dec. 2023 was 1.61.

Imricor Medical Systems Receivables Turnover Historical Data

The historical data trend for Imricor Medical Systems'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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Imricor Medical Systems Receivables Turnover Chart

Imricor Medical Systems Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.13

2.79

4.54

7.56

2.38

Imricor Medical Systems Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial				1.99	3.29	1.58	1.60	1.61

Competitive Comparison of Imricor Medical Systems's Receivables Turnover

For the Medical Devices subindustry, Imricor Medical Systems'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.

Imricor Medical Systems's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Imricor Medical Systems's Receivables Turnover falls into.

Imricor Medical Systems Receivables Turnover Calculation

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

Imricor Medical Systems's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	0.92	/ (	(0.187	+	0.587)	/	2 )
=	0.92	/	0.387
=	2.38

Imricor Medical Systems'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 )
=	0.623	/ (	(0.185	+	0.587)	/	2 )
=	0.623	/	0.386
=	1.61

Imricor Medical Systems (ASX:IMR) 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.

Imricor Medical Systems Receivables Turnover Related Terms

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Imricor Medical Systems (ASX:IMR) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Imricor Medical Systems Inc (ASX:IMR) » Definitions » Receivables Turnover

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Address

400 Gateway Boulevard, Burnsville, MN, USA, 55337

Website

https://www.imricor.com

Imricor Medical Systems Inc is a medical device company engaged in addressing issues with traditional x-ray-guided ablation procedures through the development of MRI-guided technology. The products of the company include Advantage-MR EP Recorder/Stimulator, Vision-MR Ablation Catheter and Vision-MR Dispersive Electrode.

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