Rennova Health Inc 's ability to collect accounts receivable sequentially worsen to 3.75, indicating more challenging environment then in the third quarter 2023, but still, it is a far cry from any concerns. Rennova Health Inc 's Accounts Receivable average collection period in the Dec 31 2023 quarter, has increased to 97 days, from 84 days, in the Sep 30 2023 quarter.

If we take a look into Healthcare sector 507 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 3434, from overall ranking in the third quarter 2023 at 3640.

What is Receivable Turnover Ratio?
What is Rennova Health Inc Selling?

What is Receivable Turnover Ratio?

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CLRX Receivables Turnover Ratio	(Dec 31 2023) IV. Quarter	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter	(Mar 31 2023) I. Quarter	(Dec 31 2022) IV. Quarter
Y / Y Receivable Change	27.31 %	0.04 %	73.03 %	77.71 %	86.17 %
Y / Y Revenue Change	-29.62 %	25.2 %	77.17 %	329.52 %	182.07 %
Receivable Turnover Ratio (TTM)	3.75	4.34	4.19	4.08	3.6
CLRX's Total Ranking	# 3434	# 3640	# 2146	# 2825	# 3640
Accounts Receivable average collection period days	97	84	87	90	101
Seq. Receivable Change	35.46 %	-17.68 %	12.89 %	1.13 %	6.44 %
Seq. Revenue Change	8.61 %	-44.62 %	29.97 %	-9.96 %	93.19 %

Receivable Turnover Company Ranking
Within:	No.
Healthcare Facilities Industry	# 44
Healthcare Sector	# 508
Overall Market	# 3434

Receivable Turnover Ratio Statistics
High	Average	Low
20.71	2.99	0.5
(Dec 31 2015)		(Dec 31 2017)

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

Financial Statements
Rennova Health Inc 's Accounts Receivable	$ 6 Millions	Visit CLRX's Balance sheet
Rennova Health Inc 's Sales TTM	$ 19 Millions	Visit CLRX's Income Statement
Sources of CLRX's Revenues		Visit CLRX's Sales by Geography

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

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

Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2023, within Healthcare Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Dec 31 2023	Receivable at quarter ending Dec 31 2023
Scorpius Holdings inc	8.82	$ 6.995 Millions	$ 0.793 Millions
Immucell Corporation	8.78	$ 16.853 Millions	$ 1.920 Millions
Inspire Medical Systems inc	8.77	$ 624.223 Millions	$ 71.153 Millions
Encompass Health Corporation	8.75	$ 4,801.200 Millions	$ 548.575 Millions
Biodesix Inc	8.74	$ 49.087 Millions	$ 5.619 Millions
Sanara Medtech Inc	8.69	$ 64.137 Millions	$ 7.380 Millions
Adapthealth Corp	8.66	$ 3,200.177 Millions	$ 369.646 Millions
Radnet Inc	8.62	$ 1,616.630 Millions	$ 187.438 Millions
Clearpoint Neuro Inc	8.62	$ 23.955 Millions	$ 2.778 Millions
Veracyte Inc	8.62	$ 361.051 Millions	$ 41.882 Millions
AnTix Holdings, Inc.	8.62	$ 1.834 Millions	$ 0.213 Millions
Stablecoin Development Corporation	8.62	$ 13.210 Millions	$ 1.533 Millions
Ngm Biopharmaceuticals Inc	8.61	$ 4.417 Millions	$ 0.513 Millions
Brainsway Ltd	8.55	$ 31.785 Millions	$ 3.717 Millions
Abbott Laboratories	8.47	$ 40,109.000 Millions	$ 4,733.000 Millions
Sutro Biopharma Inc	8.47	$ 153.731 Millions	$ 18.144 Millions
Igc Pharma Inc	8.44	$ 1.215 Millions	$ 0.144 Millions
Adma Biologics Inc	8.43	$ 257.160 Millions	$ 30.497 Millions
Arvinas Inc	8.42	$ 78.500 Millions	$ 9.325 Millions
Clever Leaves Holdings Inc	8.39	$ 16.556 Millions	$ 1.973 Millions
Capricor Therapeutics inc	8.38	$ 25.178 Millions	$ 3.004 Millions
Insulet Corporation	8.33	$ 1,697.100 Millions	$ 203.850 Millions
Ati Physical Therapy Inc	8.31	$ 699.016 Millions	$ 84.118 Millions
Cadre Holdings inc	8.28	$ 481.726 Millions	$ 58.172 Millions
Nephros Inc	8.28	$ 13.405 Millions	$ 1.620 Millions
Acadia Pharmaceuticals Inc	8.27	$ 726.437 Millions	$ 87.822 Millions
Acadia Healthcare Company Inc	8.27	$ 2,928.738 Millions	$ 354.090 Millions
Amneal Pharmaceuticals Inc	8.24	$ 2,393.565 Millions	$ 290.319 Millions
Pacific Health Care Organization Inc	8.24	$ 5.630 Millions	$ 0.683 Millions
Healthlynked Corp	8.23	$ 5.722 Millions	$ 0.695 Millions

Date modified: 2026-09-08T15:11:29+00:00

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