MeVis Medical Solutions AG (XTER:M3V) Receivables Turnover : 3.50 (As of Mar. 2024)

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What is MeVis Medical Solutions AG 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. MeVis Medical Solutions AG's Revenue for the six months ended in Mar. 2024 was €8.77 Mil. MeVis Medical Solutions AG's average Accounts Receivable for the six months ended in Mar. 2024 was €2.50 Mil. Hence, MeVis Medical Solutions AG's Receivables Turnover for the six months ended in Mar. 2024 was 3.50.

MeVis Medical Solutions AG Receivables Turnover Historical Data

The historical data trend for MeVis Medical Solutions AG'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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MeVis Medical Solutions AG Receivables Turnover Chart

MeVis Medical Solutions AG Annual Data

Trend

Dec13

Dec14

Dec15

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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6.93

6.53

6.46

5.98

5.21

MeVis Medical Solutions AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.69	2.52	2.78	3.75	3.50

Competitive Comparison of MeVis Medical Solutions AG's Receivables Turnover

For the Health Information Services subindustry, MeVis Medical Solutions AG'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.

MeVis Medical Solutions AG's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, MeVis Medical Solutions AG's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where MeVis Medical Solutions AG's Receivables Turnover falls into.

MeVis Medical Solutions AG Receivables Turnover Calculation

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

MeVis Medical Solutions AG's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	17.342	/ (	(4.008	+	2.652)	/	2 )
=	17.342	/	3.33
=	5.21

MeVis Medical Solutions AG'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	8.774	/ (	(2.652	+	2.355)	/	2 )
=	8.774	/	2.5035
=	3.50

MeVis Medical Solutions AG (XTER:M3V) 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.

MeVis Medical Solutions AG Receivables Turnover Related Terms

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MeVis Medical Solutions AG (XTER:M3V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » MeVis Medical Solutions AG (XTER:M3V) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

M3V:Germany M3V:Germany

Address

Caroline-Herschel-Strasse 1, Bremen, DEU, 28359

Website

http://www.mevis.de

MeVis Medical Solutions AG is a provider of medical software products. The company markets its products to equipment manufacturer of medical devices and providers of medical information technology platforms. Its segment includes Digital mammography and Other diagnostics. The Digital mammography segment develops and markets software products which assist in breast diagnostic imaging and intervention. Its Other diagnostics segment consists of digital radiology products. In addition, it also provides the general analysis of radiology images. The company's geographical area of operations includes the United States of America and Europe.

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