Lannett Company Inc's ability to collect accounts receivable sequentially worsen to 4.63, indicating more challenging environment then in the second quarter 2023, but still, it is a far cry from any concerns. Lannett Inc's Accounts Receivable average collection period in the Mar 31 2023 quarter, has increased to 79 days, from 78 days, in the Dec 31 2022 quarter.

If we take a look into Healthcare sector 529 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Mar 31 2023 from 3338 to 3362.

What is Receivable Turnover Ratio?
What is Lannett Company Inc Selling?

What is Receivable Turnover Ratio?

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LCINQ Receivables Turnover Ratio	(Mar 31 2023) III. Quarter	(Dec 31 2022) II. Quarter	(Sep 30 2022) I. Quarter	(Jun 30 2022) IV. Quarter	(Mar 31 2022) III. Quarter
Y / Y Receivable Change	6.53 %	21.23 %	-41.77 %	-43.1 %	-44.22 %
Y / Y Revenue Change	1.41 %	-15.95 %	-27.23 %	-30.02 %	-30.27 %
Receivable Turnover Ratio (TTM)	4.63	4.68	5.19	4.85	4.61
LCINQ's Total Ranking	# 3362	# 3338	# 3327	# 1705	# 2830
Accounts Receivable average collection period days	79	78	70	75	79
Seq. Receivable Change	-15.17 %	46.3 %	-2.36 %	-12.09 %	-3.47 %
Seq. Revenue Change	9.29 %	-1.59 %	-0.41 %	-5.32 %	-9.42 %

Receivable Turnover Company Ranking
Within:	No.
Major Pharmaceutical Preparations Industry	# 188
Healthcare Sector	# 530
Overall Market	# 3362

Receivable Turnover Ratio Statistics
High	Average	Low
5.49	3.11	1.21
(Mar 31 2014)		(Jun 30 2020)

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

Financial Statements
Lannett Inc's Accounts Receivable	$ 68 Millions	Visit LCINQ's Balance sheet
Lannett Inc's Sales TTM	$ 300 Millions	Visit LCINQ's Income Statement
Sources of LCINQ's Revenues		Visit LCINQ'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
LCINQ'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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LCINQ's Growth Rates	LCINQ's Roa	LCINQ's Inventory Turnover Ratio	LCINQ's Dividend Comparisons
LCINQ's Profitability Ratios	LCINQ's Roi	LCINQ's Asset Turnover Ratio	LCINQ's Dividend Growth
LCINQ's Valuation Ratios	LCINQ's Roe	LCINQ's Financial Strength Ratios	LCINQ's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Mar 31 2023, within Healthcare Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Mar 31 2023	Receivable at quarter ending Mar 31 2023
Avita Medical Inc	11.93	$ 37.432 Millions	$ 3.137 Millions
Agenus Inc	11.88	$ 94.985 Millions	$ 7.994 Millions
Teladoc Health Inc	11.85	$ 2,470.734 Millions	$ 208.418 Millions
Agios Pharmaceuticals Inc	11.74	$ 19.017 Millions	$ 1.620 Millions
Avalo Therapeutics Inc	11.69	$ 17.353 Millions	$ 1.485 Millions
Icu Medical Inc	11.67	$ 2,305.524 Millions	$ 197.537 Millions
Nektar Therapeutics	11.64	$ 88.827 Millions	$ 7.629 Millions
Harrow Inc	11.62	$ 92.578 Millions	$ 7.965 Millions
Biofrontera Inc	11.62	$ 73.750 Millions	$ 6.346 Millions
Biomerica Inc	11.52	$ 9.533 Millions	$ 0.828 Millions
Integrated Biopharma Inc	11.45	$ 50.945 Millions	$ 4.448 Millions
Lumos Pharma Inc	11.37	$ 2.103 Millions	$ 0.185 Millions
Arcturus Therapeutics Holdings Inc	11.29	$ 281.040 Millions	$ 24.885 Millions
Omniab Inc	11.22	$ 90.105 Millions	$ 8.027 Millions
Ensysce Biosciences Inc	11.02	$ 2.710 Millions	$ 0.246 Millions
Semler Scientific inc	10.85	$ 60.876 Millions	$ 5.611 Millions
Novavax inc	10.84	$ 1,358.852 Millions	$ 125.350 Millions
Option Care Health Inc	10.79	$ 4,044.799 Millions	$ 374.928 Millions
Intercept Pharmaceuticals inc	10.78	$ 294.522 Millions	$ 27.323 Millions
Rockwell Medical inc	10.73	$ 74.434 Millions	$ 6.934 Millions
National Healthcare Corp	10.69	$ 1,076.318 Millions	$ 100.710 Millions
Mirati Therapeutics Inc	10.66	$ 18.894 Millions	$ 1.773 Millions
Hcw Biologics Inc	10.62	$ 3.646 Millions	$ 0.343 Millions
Ethema Health Corporation	10.46	$ 5.097 Millions	$ 0.487 Millions
Immunogen inc	10.43	$ 120.573 Millions	$ 11.560 Millions
United Therapeutics Corporation	10.43	$ 1,981.300 Millions	$ 190.000 Millions
Utah Medical Products Inc	10.33	$ 52.478 Millions	$ 5.082 Millions
Sunlink Health Systems Inc	10.32	$ 46.918 Millions	$ 4.545 Millions
Nrc Health	10.18	$ 149.600 Millions	$ 14.697 Millions
Ultragenyx Pharmaceutical Inc	10.12	$ 383.890 Millions	$ 37.952 Millions

Date modified: 2026-08-29T17:13:42+00:00

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