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. Micron Solutions's Revenue for the
three
months ended in Mar. 2023 was $5.18 Mil. Micron Solutions's average Accounts Receivable for the
three
months ended in Mar. 2023 was $3.31 Mil.
Hence, Micron Solutions's Receivables Turnover for the
three
months ended in Mar. 2023 was 1.57.
Micron Solutions Receivables Turnover Historical Data
The historical data trend for Micron Solutions'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.
Competitive Comparison of Micron Solutions's Receivables Turnover
For the Medical Devices subindustry, Micron Solutions'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.
Micron Solutions's Receivables Turnover Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Micron Solutions's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Micron Solutions's Receivables Turnover falls into.
Micron Solutions Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Micron Solutions's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as
* 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.
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.
Micron Solutions Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Micron Solutions's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Micron Solutions (Micron Solutions) Business Description
Micron Solutions Inc is a diversified contract manufacturing organization that produces engineered medical device components requiring precision machining and injection molding. It provides design, engineering, quality, and regulatory expertise across the three product lines, machining, thermoplastic injection molding, and sensors. It's engaged in the production and sale of silver chloride-coated and conductive resin sensors used as consumable component parts in the manufacture of integrated disposable electrophysiological sensors. It also provides other value-added services, including the design, manufacture, and rehabilitation of injection molding tools, pad printing, ultrasonic welding, stamping, laser marking, clean room molding, and others.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
MICRD has been successfully added to your 