Chembio Diagnostics Inc 's ability to collect accounts receivable sequentially worsen to 7.64, indicating more challenging environment then in the third quarter 2022, but still, it is a far cry from any concerns. Chembio Diagnostics Inc 's Accounts Receivable average collection period in the Dec 31 2022 quarter, has increased to 48 days, from 47 days, in the Sep 30 2022 quarter.

If we take a look into Healthcare sector 444 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Dec 31 2022 from 1481 to 3128.

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What is Receivable Turnover Ratio?

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CEMI Receivables Turnover Ratio	(Dec 31 2022) IV. Quarter	(Sep 30 2022) III. Quarter	(Jun 30 2022) II. Quarter	(Mar 31 2022) I. Quarter	(Dec 31 2021) IV. Quarter
Y / Y Receivable Change	-42.87 %	-22.56 %	42.96 %	309.35 %	238.76 %
Y / Y Revenue Change	-49.72 %	-7.12 %	41.77 %	115.68 %	101.17 %
Receivable Turnover Ratio (TTM)	7.64	7.75	7.49	7.45	8.1
CEMI's Total Ranking	# 3128	# 1481	# 1473	# 1394	# 3128
Accounts Receivable average collection period days	48	47	49	49	45
Seq. Receivable Change	24.44 %	23.42 %	-56.92 %	-13.65 %	68.68 %
Seq. Revenue Change	-7.65 %	22.25 %	-51.31 %	-8.54 %	70.62 %

Receivable Turnover Company Ranking
Within:	No.
Major Pharmaceutical Preparations Industry	# 157
Healthcare Sector	# 445
Overall Market	# 3128

Receivable Turnover Ratio Statistics
High	Average	Low
11.61	5.92	3.08
(Jun 30 2021)		(Sep. 30, 2015)

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

Financial Statements
Chembio Diagnostics Inc 's Accounts Receivable	$ 7 Millions	Visit CEMI's Balance sheet
Chembio Diagnostics Inc 's Sales TTM	$ 50 Millions	Visit CEMI's Income Statement
Sources of CEMI's Revenues		Visit CEMI'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
CEMI'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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CEMI's Profitability Ratios	CEMI's Roi	CEMI's Asset Turnover Ratio	CEMI's Dividend Growth
CEMI's Valuation Ratios	CEMI's Roe	CEMI's Financial Strength Ratios	CEMI's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2022, within Healthcare Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Dec 31 2022	Receivable at quarter ending Dec 31 2022
Vivos Therapeutics Inc	20.57	$ 16.024 Millions	$ 0.779 Millions
Lftd Partners Inc	20.33	$ 57.417 Millions	$ 2.824 Millions
Electrocore Inc	20.17	$ 8.592 Millions	$ 0.426 Millions
Innovage Holding Corp	19.51	$ 688.894 Millions	$ 35.309 Millions
Cv Sciences Inc	19.40	$ 16.205 Millions	$ 0.836 Millions
C4 Therapeutics Inc	19.31	$ 31.096 Millions	$ 1.611 Millions
Thorne Healthtech Inc	19.19	$ 226.666 Millions	$ 11.813 Millions
Nutriband Inc	18.94	$ 2.080 Millions	$ 0.110 Millions
Valion Bio Inc	18.78	$ 1.840 Millions	$ 0.098 Millions
Crispr Therapeutics Ag	18.57	$ 1.198 Millions	$ 0.065 Millions
Emmaus Life Sciences Inc	18.21	$ 18.390 Millions	$ 1.010 Millions
Silence Therapeutics Plc	18.18	$ 17.501 Millions	$ 0.963 Millions
Biomerica Inc	17.68	$ 16.082 Millions	$ 0.910 Millions
Scisparc Ltd	17.49	$ 1.347 Millions	$ 0.077 Millions
Anika Therapeutics Inc	17.38	$ 156.236 Millions	$ 8.990 Millions
Eton Pharmaceuticals Inc	17.07	$ 21.251 Millions	$ 1.245 Millions
Solana Company	16.99	$ 0.926 Millions	$ 0.055 Millions
Intellia Therapeutics Inc	16.75	$ 52.121 Millions	$ 3.112 Millions
Chemed Corporation	16.58	$ 2,134.963 Millions	$ 128.736 Millions
Voyager Therapeutics Inc	16.36	$ 40.907 Millions	$ 2.500 Millions
U s Stem Cell Inc	16.32	$ 0.082 Millions	$ 0.005 Millions
Hcw Biologics Inc	16.07	$ 6.722 Millions	$ 0.418 Millions
Revance Therapeutics Inc	16.00	$ 132.565 Millions	$ 8.283 Millions
Qhslab Inc	15.84	$ 1.243 Millions	$ 0.078 Millions
Strata Critical Medical Inc	15.45	$ 146.120 Millions	$ 9.460 Millions
Ethema Health Corporation	15.39	$ 4.821 Millions	$ 0.313 Millions
Affimed N v	15.10	$ 43.563 Millions	$ 2.885 Millions
Patterson Companies Inc	15.08	$ 6,389.091 Millions	$ 423.718 Millions
Talkspace Inc	15.04	$ 119.567 Millions	$ 7.952 Millions
Valneva Se	14.88	$ 380.608 Millions	$ 25.581 Millions

Date modified: 2026-09-08T15:10:53+00:00

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