Cardiovascular Systems Inc 's ability to collect accounts receivable sequentially worsen to 6.2, indicating more challenging environment then in the first quarter 2023, but still, it is a far cry from any concerns. Cardiovascular Systems Inc 's Accounts Receivable average collection period in the Dec 31 2022 quarter, has increased to 59 days, from 57 days, in the Sep 30 2022 quarter.

If we take a look into Healthcare sector 140 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Dec 31 2022 from 1220 to 1633.

What is Receivable Turnover Ratio?
What is Cardiovascular Systems Inc Selling?

What is Receivable Turnover Ratio?

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CSII Receivables Turnover Ratio	(Dec 31 2022) II. Quarter	(Sep 30 2022) I. Quarter	(Jun 30 2022) IV. Quarter	(Mar 31 2022) III. Quarter	(Dec 31 2021) II. Quarter
Y / Y Receivable Change	15.13 %	10.45 %	-0.89 %	-8.91 %	7.43 %
Y / Y Revenue Change	3.92 %	2.23 %	-11.96 %	-11.15 %	-7.84 %
Receivable Turnover Ratio (TTM)	6.2	6.35	6.48	6.7	6.74
CSII's Total Ranking	# 1633	# 1220	# 1621	# 2622	# 1127
Accounts Receivable average collection period days	59	57	56	54	54
Seq. Receivable Change	-0.07 %	1.46 %	14.46 %	-0.8 %	-4.13 %
Seq. Revenue Change	2.98 %	-4.52 %	11.16 %	-4.93 %	1.31 %

Receivable Turnover Company Ranking
Within:	No.
Medical Equipment & Supplies Industry	# 60
Healthcare Sector	# 141
Overall Market	# 1633

Receivable Turnover Ratio Statistics
High	Average	Low
1.29	1	0.67
(Dec 31 2016)		(Mar 31 2021)

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

Financial Statements
Cardiovascular Systems Inc 's Accounts Receivable	$ 40 Millions	Visit CSII's Balance sheet
Cardiovascular Systems Inc 's Sales TTM	$ 240 Millions	Visit CSII's Income Statement
Sources of CSII's Revenues		Visit CSII'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
CSII'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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CSII's Profitability Ratios	CSII's Roi	CSII's Asset Turnover Ratio	CSII's Dividend Growth
CSII's Valuation Ratios	CSII's Roe	CSII's Financial Strength Ratios	CSII'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
Voyager Therapeutics Inc	16.36	$ 40.907 Millions	$ 2.500 Millions
U s Stem Cell Inc	16.32	$ 0.082 Millions	$ 0.005 Millions
Centogene N v	16.31	$ 53.170 Millions	$ 3.260 Millions
Wearable Health Solutions, Inc.	16.29	$ 0.853 Millions	$ 0.052 Millions
Hcw Biologics Inc	16.07	$ 6.722 Millions	$ 0.418 Millions
Revance Therapeutics Inc	16.00	$ 132.565 Millions	$ 8.283 Millions
Mdxhealth Sa	15.92	$ 37.054 Millions	$ 2.327 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
Patterson Companies Inc	15.08	$ 6,389.091 Millions	$ 423.718 Millions
Talkspace Inc	15.04	$ 119.567 Millions	$ 7.952 Millions
Adagene Inc	15.00	$ 9.293 Millions	$ 0.619 Millions
Vystar Corporation	14.76	$ 8.726 Millions	$ 0.591 Millions
Sigilon Therapeutics Inc	14.52	$ 12.944 Millions	$ 0.892 Millions
Kiniksa Pharmaceuticals International Plc	14.42	$ 220.180 Millions	$ 15.267 Millions
Theralink Technologies Inc	14.36	$ 0.544 Millions	$ 0.038 Millions
23andme Holding Co	14.31	$ 307.671 Millions	$ 21.498 Millions
Travere Therapeutics Inc	13.98	$ 212.018 Millions	$ 15.170 Millions
Corcept Therapeutics Inc	13.88	$ 401.858 Millions	$ 28.953 Millions
Harrow Inc	13.77	$ 88.595 Millions	$ 6.436 Millions
Lipocine Inc	13.25	$ 1.066 Millions	$ 0.080 Millions
The Oncology Institute Inc	13.24	$ 433.542 Millions	$ 32.743 Millions
Cano Health Inc	13.22	$ 2,738.916 Millions	$ 207.142 Millions
Neurometrix Inc	12.80	$ 8.256 Millions	$ 0.645 Millions
Invo Fertility Inc	12.47	$ 0.822 Millions	$ 0.066 Millions
Tango Therapeutics Inc	12.43	$ 24.860 Millions	$ 2.000 Millions
Agenus Inc	12.31	$ 98.024 Millions	$ 7.961 Millions
Semler Scientific inc	12.25	$ 56.686 Millions	$ 4.629 Millions
Scilex Holding Company	12.08	$ 64.149 Millions	$ 5.309 Millions

Date modified: 2026-06-22T14:32:26+00:00

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