Lifecare ASA (OSL:LIFE) Receivables Turnover : 2.15 (As of Dec. 2023)

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What is Lifecare ASA 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. Lifecare ASA's Revenue for the six months ended in Dec. 2023 was kr3.44 Mil. Lifecare ASA's average Accounts Receivable for the six months ended in Dec. 2023 was kr1.60 Mil. Hence, Lifecare ASA's Receivables Turnover for the six months ended in Dec. 2023 was 2.15.

Lifecare ASA Receivables Turnover Historical Data

The historical data trend for Lifecare ASA'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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Lifecare ASA Receivables Turnover Chart

Lifecare ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.28

1.29

Lifecare ASA Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial											-	-	3.99	-	2.15

Competitive Comparison of Lifecare ASA's Receivables Turnover

For the Medical Devices subindustry, Lifecare ASA'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.

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

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

* The bar in red indicates where Lifecare ASA's Receivables Turnover falls into.

Lifecare ASA Receivables Turnover Calculation

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

Lifecare ASA'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 )
=	3.44	/ (	(1.322	+	4.019)	/	2 )
=	3.44	/	2.6705
=	1.29

Lifecare ASA'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 )
=	3.44	/ (	(-0.814	+	4.019)	/	2 )
=	3.44	/	1.6025
=	2.15

Lifecare ASA (OSL:LIFE) 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.

Lifecare ASA Receivables Turnover Related Terms

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Lifecare ASA (OSL:LIFE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Lifecare ASA (OSL:LIFE) » Definitions » Receivables Turnover

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Traded in Other Exchanges

LFC:Germany

Address

Ytrebygdsvegen 215, Blomsterdalen, Bergen, NOR, 5258

Website

http://www.lifecare.no

Lifecare AS is engaged in the research and development of medical sensors for health monitoring. The company is engaged in the development, testing, and introduction of the first long-term implantable microsensor to give persons with diabetes a modern tool for the monitoring of glucose levels. It develops Sencell, a long-term implantable microsensor to give persons with diabetes a tool for monitoring of glucose levels.

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