Alcidion Group (ASX:ALC) Receivables Turnover : 3.24 (As of Dec. 2023)

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What is Alcidion Group 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. Alcidion Group's Revenue for the six months ended in Dec. 2023 was A$19.06 Mil. Alcidion Group's average Accounts Receivable for the six months ended in Dec. 2023 was A$5.88 Mil. Hence, Alcidion Group's Receivables Turnover for the six months ended in Dec. 2023 was 3.24.

Alcidion Group Receivables Turnover Historical Data

The historical data trend for Alcidion Group'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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Alcidion Group Receivables Turnover Chart

Alcidion Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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8.58

5.11

6.51

6.05

7.66

Alcidion Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.66	3.36	2.95	4.80	3.24

Competitive Comparison of Alcidion Group's Receivables Turnover

For the Health Information Services subindustry, Alcidion Group'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.

Alcidion Group's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Alcidion Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Alcidion Group's Receivables Turnover falls into.

Alcidion Group Receivables Turnover Calculation

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

Alcidion Group's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	40.4	/ (	(7.251	+	3.304)	/	2 )
=	40.4	/	5.2775
=	7.66

Alcidion Group'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 )
=	19.059	/ (	(3.304	+	8.457)	/	2 )
=	19.059	/	5.8805
=	3.24

Alcidion Group (ASX:ALC) 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.

Alcidion Group Receivables Turnover Related Terms

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Alcidion Group (ASX:ALC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Alcidion Group Ltd (ASX:ALC) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

9 Yarra Street, Level 10, South Yarra, Melbourne, VIC, AUS, 3141

Website

https://www.alcidion.com

Alcidion Group Ltd is a provider of intelligent informatics software. The company builds, sells, delivers, runs, and supports solutions for healthcare provider organizations. It offers solutions such as Miya ED, Miya Patient Flow, Miya Revenue and Reimbursement, Smartpage, and others. Geographically, it derives a majority of revenue from Australia/New Zealand and also has a presence in the United Kingdom.