Envoy Medical (Envoy Medical) Receivables Turnover : 0.46 (As of Mar. 2024)

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What is Envoy Medical 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. Envoy Medical's Revenue for the three months ended in Mar. 2024 was $0.06 Mil. Envoy Medical's average Accounts Receivable for the three months ended in Mar. 2024 was $0.13 Mil. Hence, Envoy Medical's Receivables Turnover for the three months ended in Mar. 2024 was 0.46.

Envoy Medical Receivables Turnover Historical Data

The historical data trend for Envoy Medical'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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Envoy Medical Receivables Turnover Chart

Envoy Medical Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

3.52

3.67

5.69

Envoy Medical Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial				1.90	1.15	0.98	1.06	0.46

Competitive Comparison of Envoy Medical's Receivables Turnover

For the Medical Devices subindustry, Envoy Medical'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.

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

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

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

Envoy Medical Receivables Turnover Calculation

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

Envoy Medical'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 )
=	0.316	/ (	(0.041	+	0.07)	/	2 )
=	0.316	/	0.0555
=	5.69

Envoy Medical's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	0.059	/ (	(0.07	+	0.189)	/	2 )
=	0.059	/	0.1295
=	0.46

Envoy Medical (NAS:COCH) 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.

Envoy Medical Receivables Turnover Related Terms

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Envoy Medical (Envoy Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Envoy Medical Inc (NAS:COCH) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

4875 White Bear Parkway, White Bear Lake, MN, USA, 55110

Website

https://www.envoymedical.com

Envoy Medical Inc is focused on designing, developing, and marketing fully implantable medical devices that improve hearing. The Company's first commercial product, the Esteem PMA application, is a fully implantable hearing device. The Esteem PMA was cleared in 2010 by the United States Food and Drug Administration. The Company intends to continue to pursue the development of a cochlear implant.