Avinger Inc 's ability to collect accounts receivable sequentially worsen to 5.56, indicating more challenging environment then in the second quarter 2024, but still, it is a far cry from any concerns. Avinger Inc 's Accounts Receivable average collection period in the Sep 30 2024 quarter, has increased to 66 days, from 65 days, in the Jun 30 2024 quarter.

If we take a look into Healthcare sector 360 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Sep 30 2024 from 1683 to 2406.

What is Receivable Turnover Ratio?
What is Avinger Inc Selling?

What is Receivable Turnover Ratio?

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AVGR Receivables Turnover Ratio	(Sep 30 2024) III. Quarter	(Jun 30 2024) II. Quarter	(Mar 31 2024) I. Quarter	(Dec 31 2023) IV. Quarter	(Sep 30 2023) III. Quarter
Y / Y Receivable Change	5.92 %	1.2 %	36.07 %	-4.07 %	-46.72 %
Y / Y Revenue Change	2.74 %	-32.48 %	-28.87 %	-15.74 %	-38.37 %
Receivable Turnover Ratio (TTM)	5.56	5.59	6.24	7.42	7.67
AVGR's Total Ranking	# 2406	# 1683	# 2360	# 1375	# 1599
Accounts Receivable average collection period days	66	65	58	49	48
Seq. Receivable Change	-5.8 %	-32.39 %	35.8 %	22.46 %	-10 %
Seq. Revenue Change	3.48 %	2.61 %	-20.34 %	21.47 %	-31.99 %

Receivable Turnover Company Ranking
Within:	No.
Medical Equipment & Supplies Industry	# 148
Healthcare Sector	# 361
Overall Market	# 2406

Receivable Turnover Ratio Statistics
High	Average	Low
0.41	0.34	0.26
(Sep 30 2018)		(Mar 31 2021)

AVGR Company Profile • Back to AVGR Efficiency Comparisons • Compare AVGR Receivables Turnover Ratio to its Competitors

Financial Statements
Avinger Inc 's Accounts Receivable	$ 1 Millions	Visit AVGR's Balance sheet
Avinger Inc 's Sales TTM	$ 6 Millions	Visit AVGR's Income Statement
Sources of AVGR's Revenues		Visit AVGR's Sales by Geography

Other Accounts Receivable Turnover Ratios
Medical Equipment & Supplies Industry Accounts Receivable Turnover Trends and Statistics
Healthcare Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
AVGR's Receivable Turnover Ratio versus Medical Equipment & Supplies Industry, Healthcare Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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AVGR's Growth Rates	AVGR's Roa	AVGR's Inventory Turnover Ratio	AVGR's Dividend Comparisons
AVGR's Profitability Ratios	AVGR's Roi	AVGR's Asset Turnover Ratio	AVGR's Dividend Growth
AVGR's Valuation Ratios	AVGR's Roe	AVGR's Financial Strength Ratios	AVGR's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2024, within Healthcare Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Sep 30 2024	Receivable at quarter ending Sep 30 2024
Hookipa Pharma inc	17.97	$ 49.999 Millions	$ 2.782 Millions
Vireo Growth Inc.	17.70	$ 98.534 Millions	$ 5.568 Millions
Macrogenics Inc	17.38	$ 141.329 Millions	$ 8.132 Millions
Silence Therapeutics Plc	17.27	$ 43.010 Millions	$ 2.490 Millions
Innovage Holding Corp	17.01	$ 786.512 Millions	$ 46.249 Millions
Talkspace Inc	16.98	$ 179.853 Millions	$ 10.591 Millions
Scorpius Holdings inc	16.51	$ 10.044 Millions	$ 0.608 Millions
Arvinas Inc	16.48	$ 161.100 Millions	$ 9.775 Millions
Stablecoin Development Corporation	16.33	$ 11.199 Millions	$ 0.686 Millions
Bgm Group Ltd	16.31	$ 24.115 Millions	$ 1.478 Millions
Nexalin Technology Inc	16.24	$ 0.162 Millions	$ 0.010 Millions
Precipio inc	16.07	$ 17.411 Millions	$ 1.084 Millions
Sangamo Therapeutics Inc	15.97	$ 52.291 Millions	$ 3.274 Millions
Icu Medical Inc	14.80	$ 2,340.754 Millions	$ 158.125 Millions
Inmed Pharmaceuticals Inc	14.57	$ 4.284 Millions	$ 0.294 Millions
Biofrontera Inc	14.26	$ 61.432 Millions	$ 4.308 Millions
Valion Bio Inc	14.02	$ 0.957 Millions	$ 0.068 Millions
Mannkind Corporation	14.00	$ 267.200 Millions	$ 19.086 Millions
Qhslab Inc	13.69	$ 1.821 Millions	$ 0.133 Millions
Pluri Inc	13.36	$ 0.598 Millions	$ 0.045 Millions
Dih Holding Us Inc	13.13	$ 116.794 Millions	$ 8.898 Millions
Patterson Companies Inc	13.07	$ 6,555.862 Millions	$ 501.549 Millions
Chemed Corporation	12.84	$ 2,377.206 Millions	$ 185.072 Millions
International Stem Cell Corporation	12.65	$ 8.528 Millions	$ 0.674 Millions
Nrc Health	12.61	$ 144.154 Millions	$ 11.436 Millions
Poseida Therapeutics Inc	12.52	$ 150.858 Millions	$ 12.053 Millions
Petvivo Holdings Inc	12.46	$ 0.969 Millions	$ 0.078 Millions
American Oncology Network Inc	12.35	$ 2,211.480 Millions	$ 179.073 Millions
Utah Medical Products Inc	12.05	$ 43.301 Millions	$ 3.593 Millions
Lumos Pharma Inc	12.03	$ 2.205 Millions	$ 0.183 Millions

Date modified: 2026-08-29T17:26:39+00:00

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