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Lifeloc Technologies Inc (LCTC) |
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Lifeloc Technologies Inc Accounts Receivables Turnover Ratio from the first quarter 2024 to the first quarter 2023
Quarterly Results, Trends, Rankings, Statistics
Lifeloc Technologies Inc 's ability to collect accounts receivable sequentially worsen to 12.26, indicating more challenging environment then in the forth quarter 2023, but still, it is a far cry from any concerns. Lifeloc Technologies Inc 's Average receivable collection period in the Mar 31 2024 quarter, has increased to 30 days, from 28 days, in the Dec 31 2023 quarter.
If we take a look into Healthcare sector 93 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Mar 31 2024 from 681 to 916.
What is Receivable Turnover Ratio?
What is Lifeloc Technologies Inc Selling?
What is Receivable Turnover Ratio?
Select the Comparisons :
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Select the Ratio:
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Accounts Receivables Turnover▼
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Accounts Receivables Turnover▼
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LCTC Receivables Turnover Ratio |
(Mar 31 2024) I. Quarter |
(Dec 31 2023) IV. Quarter |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
Y / Y Receivable Change |
39.18 % |
29.34 % |
7.74 % |
3.67 % |
-31.91 % |
Y / Y Revenue Change |
-0.51 % |
3.78 % |
32.66 % |
4.6 % |
0.18 % |
Receivable Turnover Ratio (TTM) |
12.26 |
13.2 |
14 |
13.25 |
13.23 |
LCTC's Total
Ranking |
# 916 |
# 681 |
# 821 |
# 803 |
# 796 |
Average receivable collection period |
30 |
28 |
26 |
28 |
28 |
Seq. Receivable Change |
-6.8 % |
14.5 % |
-7 % |
40.24 % |
-13.39 % |
Seq. Revenue Change |
-1.63 % |
-18.78 % |
18.21 % |
5.35 % |
2.61 % |
Receivable
Turnover Ratio Statistics |
High |
Average |
Low |
14 |
11.32 |
7.92 |
(Sep 30 2023) |
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(Mar 31 2021) |
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Date modified: 2024-09-02T11:06:20+00:00
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