LeMaitre Vascular (STU:LHU) Receivables Turnover : 1.94 (As of Mar. 2024)

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What is LeMaitre Vascular 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. LeMaitre Vascular's Revenue for the three months ended in Mar. 2024 was €49.2 Mil. LeMaitre Vascular's average Accounts Receivable for the three months ended in Mar. 2024 was €25.4 Mil. Hence, LeMaitre Vascular's Receivables Turnover for the three months ended in Mar. 2024 was 1.94.

LeMaitre Vascular Receivables Turnover Historical Data

The historical data trend for LeMaitre Vascular'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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LeMaitre Vascular Receivables Turnover Chart

LeMaitre Vascular Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.34

6.86

8.17

7.99

8.10

LeMaitre Vascular Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.98	1.92	1.90	1.98	1.94

Competitive Comparison of LeMaitre Vascular's Receivables Turnover

For the Medical Instruments & Supplies subindustry, LeMaitre Vascular'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.

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

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

* The bar in red indicates where LeMaitre Vascular's Receivables Turnover falls into.

LeMaitre Vascular Receivables Turnover Calculation

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

LeMaitre Vascular'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 )
=	177.425	/ (	(20.806	+	22.984)	/	2 )
=	177.425	/	21.895
=	8.10

LeMaitre Vascular'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 )
=	49.2	/ (	(22.984	+	27.817)	/	2 )
=	49.2	/	25.4005
=	1.94

LeMaitre Vascular (STU:LHU) 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.

LeMaitre Vascular Receivables Turnover Related Terms

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LeMaitre Vascular (STU:LHU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » LeMaitre Vascular Inc (STU:LHU) » Definitions » Receivables Turnover

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LMAT:USA LHU:Germany

Address

63 Second Avenue, Burlington, MA, USA, 01803

Website

https://www.lemaitre.com

LeMaitre Vascular Inc manufactures and distributes medical devices for the treatment of peripheral vascular disease. Its products are primarily used during open vascular surgery and address several anatomical areas, such as the carotid, lower extremities, upper extremities, and aorta. The firm's lower extremities product line contributes the largest proportion of revenue, followed by the carotid product line. LeMaitre's surgical devices include angioscopes, balloon catheters, carotid shunts, phlebectomy devices, vascular grafts, vascular patches, and vessel closure systems. LeMaitre generates the majority of its revenue in the United States.

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