Cardax Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the first quarter 2021 to a ratio of 54.5, above the company average. This is a clear sign of healthy business climate in the Major Pharmaceutical Preparations industry and improving liquidity at their respective customers, during the first quarter 2021. Average receivable collection period, for the Cardax Inc in Mar 31 2021 quarter, has decreased to 7 days, compared to 18 days, in the Dec 31 2020 quarter.

If we take a look into Healthcare sector 332 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Mar 31 2021 from 226 to 2438.

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

What is Receivable Turnover Ratio?

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CDXI Receivables Turnover Ratio	(Mar 31 2021) I. Quarter	(Dec 31 2020) IV. Quarter	(Sep 30 2020) III. Quarter	(Jun 30 2020) II. Quarter	(Mar 31 2020) I. Quarter
Y / Y Receivable Change	-64.52 %	-	-	-	-44.09 %
Y / Y Revenue Change	-26.78 %	-28.12 %	-70.98 %	196.36 %	-13.43 %
Receivable Turnover Ratio (TTM)	54.5	20.81	7.96	6.29	5.21
CDXI's Total Ranking	# 2438	# 226	# 2045	# 2220	# 241
Accounts Receivable average collection period days	7	18	46	58	70
Seq. Receivable Change	-	-	-	-	-49.66 %
Seq. Revenue Change	-46.4 %	193.39 %	-50.56 %	-5.81 %	-47.39 %

Receivable Turnover Company Ranking
Within:	No.
Major Pharmaceutical Preparations Industry	# 101
Healthcare Sector	# 333
Overall Market	# 2438

Receivable Turnover Ratio Statistics
High	Average	Low
0.79	0.42	0.29
(Dec 31 2018)		(Jun 30 2017)

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

Financial Statements
Cardax Inc 's Accounts Receivable	$ 0 Millions	Visit CDXI's Balance sheet
Cardax Inc 's Sales TTM	$ 1 Millions	Visit CDXI's Income Statement
Sources of CDXI's Revenues		Visit CDXI's Sales by Geography

Other Accounts Receivable Turnover Ratios
Major Pharmaceutical Preparations Industry Accounts Receivable Turnover Trends and Statistics
Healthcare Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
CDXI's Receivable Turnover Ratio versus Major Pharmaceutical Preparations Industry, Healthcare Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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

Companies with similar Receivables Turnover Ratio for the quarter ending Mar 31 2021, within Healthcare Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Mar 31 2021	Receivable at quarter ending Mar 31 2021
Prothena Corporation Public Limited Company	37.11	$ 0.872 Millions	$ 0.024 Millions
Electromedical Technologies Inc	36.72	$ 0.690 Millions	$ 0.019 Millions
Sangui Biotech International Inc	36.67	$ 0.059 Millions	$ 0.002 Millions
Blueprint Medicines Corporation	36.35	$ 813.577 Millions	$ 22.383 Millions
Lucira Health Inc	34.02	$ 4.516 Millions	$ 0.133 Millions
Brookdale Senior Living Inc	33.58	$ 3,325.934 Millions	$ 99.033 Millions
Concert Pharmaceuticals Inc	33.44	$ 7.900 Millions	$ 0.236 Millions
National Vision Holdings Inc	31.42	$ 1,776.236 Millions	$ 56.539 Millions
Arvinas Inc	29.26	$ 25.200 Millions	$ 0.861 Millions
Advanced Container Technologies Inc	27.96	$ 3.544 Millions	$ 0.127 Millions
Innovage Holding Corp	26.82	$ 610.955 Millions	$ 22.776 Millions
Eargo Inc	26.32	$ 78.533 Millions	$ 2.983 Millions
Pulmatrix Inc	25.87	$ 11.262 Millions	$ 0.435 Millions
Fulcrum Therapeutics Inc	25.72	$ 12.862 Millions	$ 0.500 Millions
Intellia Therapeutics Inc	25.24	$ 51.523 Millions	$ 2.041 Millions
U S Physical Therapy Inc	24.02	$ 422.620 Millions	$ 17.597 Millions
China Pharma Holdings Inc	23.51	$ 11.461 Millions	$ 0.487 Millions
Revolution Medicines Inc	21.98	$ 41.568 Millions	$ 1.891 Millions
Durect Corp	21.80	$ 29.548 Millions	$ 1.356 Millions
Reflect Scientific Inc	21.64	$ 3.355 Millions	$ 0.155 Millions
Harrow Inc	20.73	$ 52.497 Millions	$ 2.532 Millions
Dariohealth Corp	20.42	$ 8.978 Millions	$ 0.440 Millions
Scorpius Holdings inc	19.90	$ 2.585 Millions	$ 0.130 Millions
Catalyst Pharmaceuticals Inc	19.84	$ 120.141 Millions	$ 6.056 Millions
Avita Medical Inc	19.72	$ 22.805 Millions	$ 1.156 Millions
Agape Atp Corporation	19.38	$ 3.754 Millions	$ 0.194 Millions
Electrocore Inc	19.22	$ 3.966 Millions	$ 0.206 Millions
Fonar Corporation	19.14	$ 77.378 Millions	$ 4.043 Millions
Precigen Inc	18.91	$ 108.356 Millions	$ 5.729 Millions
Histogen Inc	18.74	$ 2.993 Millions	$ 0.160 Millions

Date modified: 2026-09-08T15:10:17+00:00

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