GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » PharmChem Inc (OTCPK:PCHM) » Definitions » Receivables Turnover

PharmChem (PharmChem) Receivables Turnover : 2.18 (As of Sep. 2023)


View and export this data going back to 2003. Start your Free Trial

What is PharmChem 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. PharmChem's Revenue for the three months ended in Sep. 2023 was $1.56 Mil. PharmChem's average Accounts Receivable for the three months ended in Sep. 2023 was $0.72 Mil. Hence, PharmChem's Receivables Turnover for the three months ended in Sep. 2023 was 2.18.


PharmChem Receivables Turnover Historical Data

The historical data trend for PharmChem'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.

* Premium members only.

PharmChem Receivables Turnover Chart

PharmChem Annual Data
Trend Dec93 Dec94 Dec95 Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 6.62 5.87 6.80 6.56

PharmChem Quarterly Data
Jun99 Sep99 Dec99 Mar00 Jun00 Sep00 Dec00 Mar01 Jun01 Sep01 Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Sep22 Sep23
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 1.64 1.83 1.77 0.36 2.18

Competitive Comparison of PharmChem's Receivables Turnover

For the Diagnostics & Research subindustry, PharmChem'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.


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

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

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



PharmChem Receivables Turnover Calculation

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

PharmChem's Receivables Turnover for the fiscal year that ended in Dec. 2002 is calculated as

Receivables Turnover (A: Dec. 2002 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2002 ) / ((Accounts Receivable (A: Dec. 2001 ) + Accounts Receivable (A: Dec. 2002 )) / count )
=30.085 / ((5.378 + 3.792) / 2 )
=30.085 / 4.585
=6.56

PharmChem's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

Receivables Turnover (Q: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2023 ) / ((Accounts Receivable (Q: Sep. 2022 ) + Accounts Receivable (Q: Sep. 2023 )) / count )
=1.564 / ((0 + 0.717) / 1 )
=1.564 / 0.717
=2.18

* 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.


PharmChem  (OTCPK:PCHM) 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.


PharmChem Receivables Turnover Related Terms

Thank you for viewing the detailed overview of PharmChem's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


PharmChem (PharmChem) Business Description

Traded in Other Exchanges
N/A
Address
2411 E. Loop 820 N, Fort Worth, TX, USA, 76118
PharmChem Inc is engaged in selling and distributing of the PharmChek Sweat Patch Device. PharmChek is a system that uses sweat to detect the presence of illegal drugs. It consists of a transparent polyurethane outer covering, a small absorbent pad, and a release liner. Geographically the activities are carried out throughout the United States.
Executives
Alto Investors Palo 10 percent owner 470 UNIVERSITY AVENUE, PALO ALTO CA 94301
Micro Cap Partners Lp 10 percent owner

PharmChem (PharmChem) Headlines

From GuruFocus

PharmChem (PCHM) Announces Response To Opposition

By PRNewswire PRNewswire 08-11-2021