Co Diagnostics Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the second quarter 2026 to a ratio of 7.58, above the company average. This is a clear sign of healthy business climate in the Medical Equipment & Supplies industry and improving liquidity at their respective customers, during the second quarter 2026. Average receivable collection period, for the Co Diagnostics Inc in Jun 30 2026 quarter, has decreased to 48 days, compared to 69 days, in the Mar 31 2026 quarter.

If we take a look into Healthcare sector 531 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Jun 30 2026 from 3237 to 3746.

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

What is Receivable Turnover Ratio?

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CODX Receivables Turnover Ratio	(Jun 30 2026) II. Quarter	(Mar 31 2026) I. Quarter	(Dec 31 2025) IV. Quarter	(Sep 30 2025) III. Quarter	(Jun 30 2025) II. Quarter
Y / Y Receivable Change	-75.32 %	-39.63 %	43.6 %	-68.64 %	-61.75 %
Y / Y Revenue Change	1.98 %	190.3 %	76.74 %	-77.32 %	-93.87 %
Receivable Turnover Ratio (TTM)	7.58	5.32	4.19	3.79	6.1
CODX's Total Ranking	# 3746	# 3237	# 3462	# 3082	# 3259
Accounts Receivable average collection period days	48	69	87	96	60
Seq. Receivable Change	-36.77 %	-56.75 %	240.53 %	-73.5 %	54.68 %
Seq. Revenue Change	13.82 %	-44.7 %	81.54 %	-10.76 %	224.02 %

Receivable Turnover Company Ranking
Within:	No.
Medical Equipment & Supplies Industry	# 176
Healthcare Sector	# 532
Overall Market	# 3746

Receivable Turnover Ratio Statistics
High	Average	Low
1.64	0.37	0
(Sep 30 2020)		(Mar 31 2018)

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

Financial Statements
Co Diagnostics Inc 's Accounts Receivable	$ 0 Millions	Visit CODX's Balance sheet
Co Diagnostics Inc 's Sales TTM	$ 1 Millions	Visit CODX's Income Statement
Sources of CODX's Revenues		Visit CODX'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
CODX'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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CODX's Growth Rates	CODX's Roa	CODX's Inventory Turnover Ratio	CODX's Dividend Comparisons
CODX's Profitability Ratios	CODX's Roi	CODX's Asset Turnover Ratio	CODX's Dividend Growth
CODX's Valuation Ratios	CODX's Roe	CODX's Financial Strength Ratios	CODX's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Jun 30 2026, within Healthcare Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Jun 30 2026	Receivable at quarter ending Jun 30 2026
Bioadaptives Inc	35.76	$ 0.026 Millions	$ 0.001 Millions
Lifevantage Corp	35.05	$ 180.947 Millions	$ 5.162 Millions
Electrocore Inc	34.09	$ 36.527 Millions	$ 1.072 Millions
Innovative Eyewear Inc	31.49	$ 3.412 Millions	$ 0.108 Millions
Mangoceuticals Inc	31.43	$ 0.315 Millions	$ 0.010 Millions
Cv Sciences Inc	31.22	$ 12.066 Millions	$ 0.387 Millions
Jaguar Health Inc	30.23	$ 27.815 Millions	$ 0.920 Millions
Invo Fertility Inc	30.20	$ 7.531 Millions	$ 0.249 Millions
Metagenomi Therapeutics Inc	25.05	$ 13.561 Millions	$ 0.541 Millions
Sonida Senior Living Inc	22.59	$ 525.973 Millions	$ 23.283 Millions
U S Physical Therapy Inc	22.40	$ 812.203 Millions	$ 36.251 Millions
Nutriband Inc	22.15	$ 1.618 Millions	$ 0.073 Millions
Ginkgo Bioworks Holdings Inc	20.32	$ 111.863 Millions	$ 5.506 Millions
Lineage Cell Therapeutics Inc	20.02	$ 13.083 Millions	$ 0.654 Millions
Hims and Hers Health Inc	19.65	$ 2,578.494 Millions	$ 131.228 Millions
Lipocine Inc	18.36	$ 1.569 Millions	$ 0.085 Millions
Nrx Pharmaceuticals Inc	17.25	$ 3.394 Millions	$ 0.197 Millions
Polomar Health Services, Inc.	17.19	$ 3.172 Millions	$ 0.185 Millions
Anika Therapeutics Inc	16.70	$ 121.370 Millions	$ 7.266 Millions
Vireo Growth Inc.	16.69	$ 511.706 Millions	$ 30.659 Millions
Lifemd Inc	16.48	$ 163.363 Millions	$ 9.915 Millions
Neuraxis Inc	15.53	$ 5.316 Millions	$ 0.342 Millions
Agenus Inc	15.44	$ 132.693 Millions	$ 8.595 Millions
Longeveron Inc	15.03	$ 1.187 Millions	$ 0.079 Millions
Medicinova Inc	15.02	$ 0.920 Millions	$ 0.061 Millions
Voyager Therapeutics Inc	14.71	$ 34.459 Millions	$ 2.343 Millions
Halozyme Therapeutics Inc	14.68	$ 1,663.738 Millions	$ 113.332 Millions
Dar Bioscience Inc	14.57	$ 1.345 Millions	$ 0.092 Millions
Nexgel Inc	14.52	$ 11.810 Millions	$ 0.813 Millions
China Pharma Holdings Inc	14.46	$ 3.914 Millions	$ 0.271 Millions

Date modified: 2026-09-03T11:39:25+00:00

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