Accelerate Diagnostics Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the fourth quarter 2024 to a ratio of 5.17, above the company average. This is a clear sign of healthy business climate in the Laboratory Analytical Instruments industry and improving liquidity at their respective customers, during the fourth quarter 2024. Average receivable collection period, for the Accelerate Diagnostics Inc in Dec 31 2024 quarter, has decreased to 71 days, compared to 74 days, in the Sep 30 2024 quarter.

If we take a look into Healthcare sector 359 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Dec 31 2024 from 1798 to 2513.

What is Receivable Turnover Ratio?
What is Accelerate Diagnostics Inc Selling?

What is Receivable Turnover Ratio?

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AXDX Receivables Turnover Ratio	(Dec 31 2024) IV. Quarter	(Sep 30 2024) III. Quarter	(Jun 30 2024) II. Quarter	(Mar 31 2024) I. Quarter	(Dec 31 2023) IV. Quarter
Y / Y Receivable Change	-22.31 %	-23.97 %	-2.26 %	-8.65 %	8.53 %
Y / Y Revenue Change	-6.97 %	157.99 %	-4.39 %	-3.17 %	1.82 %
Receivable Turnover Ratio (TTM)	5.17	4.93	3.89	3.92	3.88
AXDX's Total Ranking	# 2513	# 1798	# 1801	# 2527	# 2219
Accounts Receivable average collection period days	71	74	94	93	94
Seq. Receivable Change	0.49 %	-11.45 %	3.25 %	-15.45 %	-1.65 %
Seq. Revenue Change	-1.4 %	6.73 %	-1.73 %	-10.04 %	173.44 %

Receivable Turnover Company Ranking
Within:	No.
Laboratory Analytical Instruments Industry	# 12
Healthcare Sector	# 360
Overall Market	# 2513

Receivable Turnover Ratio Statistics
High	Average	Low
0.38	0.1	0
(Sep 30 2024)		(Sep. 30, 2014)

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

Financial Statements
Accelerate Diagnostics Inc 's Accounts Receivable	$ 2 Millions	Visit AXDX's Balance sheet
Accelerate Diagnostics Inc 's Sales TTM	$ 11 Millions	Visit AXDX's Income Statement
Sources of AXDX's Revenues		Visit AXDX's Sales by Geography

Other Accounts Receivable Turnover Ratios
Laboratory Analytical Instruments Industry Accounts Receivable Turnover Trends and Statistics
Healthcare Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
AXDX's Receivable Turnover Ratio versus Laboratory Analytical Instruments Industry, Healthcare Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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

Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2024, within Healthcare Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Dec 31 2024	Receivable at quarter ending Dec 31 2024
Biofrontera Inc	14.73	$ 63.395 Millions	$ 4.303 Millions
Icu Medical Inc	14.57	$ 2,382.046 Millions	$ 163.441 Millions
Vaxart Inc	14.36	$ 28.700 Millions	$ 1.999 Millions
Seer Inc	14.07	$ 14.055 Millions	$ 0.999 Millions
American Oncology Network Inc	13.67	$ 1,759.484 Millions	$ 128.741 Millions
Medinotec Inc	13.63	$ 7.872 Millions	$ 0.577 Millions
Escalon Medical Corp	13.40	$ 12.169 Millions	$ 0.908 Millions
Chemed Corporation	13.32	$ 2,431.287 Millions	$ 182.485 Millions
Qt Imaging Holdings Inc exact Name Of Registrant As Specified In Its Charter _______________________	13.23	$ 4.879 Millions	$ 0.369 Millions
Nrc Health	13.22	$ 143.060 Millions	$ 10.824 Millions
Amylyx Pharmaceuticals Inc	13.13	$ 87.371 Millions	$ 6.655 Millions
Patterson Companies Inc	13.08	$ 6,511.680 Millions	$ 497.898 Millions
Qhslab Inc	12.98	$ 2.132 Millions	$ 0.164 Millions
Dyadic International Inc	12.88	$ 3.495 Millions	$ 0.271 Millions
Lftd Partners Inc	12.73	$ 37.325 Millions	$ 2.933 Millions
Rosecliff Acquisition Corp I	12.51	$ 29.581 Millions	$ 2.366 Millions
Co diagnostics Inc	12.07	$ 3.915 Millions	$ 0.324 Millions
Teladoc Health Inc	11.97	$ 2,569.574 Millions	$ 214.724 Millions
Lexicon Pharmaceuticals Inc	11.82	$ 31.081 Millions	$ 2.629 Millions
Corcept Therapeutics Inc	11.79	$ 675.040 Millions	$ 57.262 Millions
Avricore Health Inc	11.67	$ 3.402 Millions	$ 0.291 Millions
Lifeloc Technologies Inc	11.65	$ 8.538 Millions	$ 0.733 Millions
Vsee Health Inc	11.52	$ 10.546 Millions	$ 0.916 Millions
International Stem Cell Corporation	11.43	$ 9.085 Millions	$ 0.795 Millions
Scorpius Holdings inc	11.34	$ 6.243 Millions	$ 0.550 Millions
Integrated Biopharma Inc	11.30	$ 52.074 Millions	$ 4.610 Millions
Protalix Biotherapeutics inc	11.25	$ 53.399 Millions	$ 4.747 Millions
Concentra Group Holdings Parent Inc	11.20	$ 1,900.192 Millions	$ 169.721 Millions
Rockwell Medical inc	11.18	$ 101.484 Millions	$ 9.077 Millions
Longeveron Inc	11.13	$ 2.392 Millions	$ 0.215 Millions

Date modified: 2026-10-07T00:41:54+00:00

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