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Invitro International (Invitro International) Receivables Turnover : 1.09 (As of Jun. 2097)


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What is Invitro International 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. Invitro International's Revenue for the three months ended in Jun. 2097 was $0.18 Mil. Invitro International's average Accounts Receivable for the three months ended in Jun. 2097 was $0.17 Mil. Hence, Invitro International's Receivables Turnover for the three months ended in Jun. 2097 was 1.09.

Invitro International Receivables Turnover Historical Data

The historical data trend for Invitro International'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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Invitro International Receivables Turnover Chart

Invitro International Annual Data
Trend Feb90 Feb91 Sep92 Sep93 Sep94 Sep95 Sep96
Receivables Turnover
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Invitro International Quarterly Data
Sep92 Dec92 Mar93 Jun93 Sep93 Dec93 Mar94 Jun94 Sep94 Dec94 Mar95 Jun95 Sep95 Dec95 Mar96 Jun96 Sep96 Dec96 Mar97 Jun97
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 1.04 1.09

Competitive Comparison of Invitro International's Receivables Turnover

For the Diagnostics & Research subindustry, Invitro International'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.

Invitro International's Receivables Turnover Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Invitro International's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Invitro International's Receivables Turnover falls into.


Invitro International Receivables Turnover Calculation

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

Invitro International's Receivables Turnover for the fiscal year that ended in Sep. 2096 is calculated as

Receivables Turnover (A: Sep. 2096 )
=Revenue / Average Total Inventories
=Revenue (A: Sep. 2096 ) / ((Accounts Receivable (A: Sep. 2095 ) + Accounts Receivable (A: Sep. 2096 )) / count )
=1.1 / ((0 + 0) / 1 )
=1.1 / 0
=N/A

Invitro International's Receivables Turnover for the quarter that ended in Jun. 2097 is calculated as

Receivables Turnover (Q: Jun. 2097 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2097 ) / ((Accounts Receivable (Q: Mar. 2097 ) + Accounts Receivable (Q: Jun. 2097 )) / count )
=0.181 / ((0.157 + 0.175) / 2 )
=0.181 / 0.166
=1.09

* 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.

Invitro International  (OTCPK:IVRO) 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.

Invitro International Receivables Turnover Related Terms

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Invitro International (Invitro International) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Invitro International (OTCPK:IVRO) » Definitions » Receivables Turnover
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Traded in Other Exchanges
N/A
Address
330 East Orangethorpe Avenue, Suite D, Placentia, CA, USA, 92870
Website
https://www.invitrointl.com
Invitro International is a provider of non-animal testing methods. The company develops and commercializes test kits and laboratory services. Its testing technologies are designed to produce data regarding corrosivity, or ocular/dermal irritation, which correlate with animal and human test results. Its products and services include Irritection, Corrositex, and Lab Services. The company provides its products to various industries such as cosmetics, personal care, household products, textiles, pharmaceuticals, chemicals, and hazardous waste transportation. The majority of its revenue is generated from the United States and it also exports to other countries.