Luna Innovations Inc's ability to collect accounts receivable sequentially worsen to 3.35, indicating more challenging environment then in the second quarter 2023, but still, it is a far cry from any concerns. Luna Innovations Inc's Accounts Receivable average collection period in the Sep 30 2023 quarter, has increased to 109 days, from 103 days, in the Jun 30 2023 quarter.

If we take a look into Healthcare sector 143 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 1487, from overall ranking in the second quarter 2023 at 3262.

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What is Luna Innovations Inc Selling?

What is Receivable Turnover Ratio?

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LUNA Receivables Turnover Ratio	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter	(Mar 31 2023) I. Quarter	(Dec 31 2022) IV. Quarter	(Sep 30 2022) III. Quarter
Y / Y Receivable Change	34.17 %	11.15 %	21.56 %	61.32 %	49.79 %
Y / Y Revenue Change	5.06 %	10.33 %	11.41 %	144.83 %	43.41 %
Receivable Turnover Ratio (TTM)	3.35	3.56	3.58	3.66	3.4
LUNA's Total Ranking	# 1487	# 3262	# 3269	# 1475	#
Accounts Receivable average collection period days	109	102	102	100	107
Seq. Receivable Change	16.24 %	5.92 %	-5.37 %	15.16 %	-3.7 %
Seq. Revenue Change	6.11 %	15.25 %	-21 %	8.74 %	11.43 %

Receivable Turnover Company Ranking
Within:	No.
Medical Laboratories Industry	# 5
Healthcare Sector	# 144
Overall Market	# 1487

Receivable Turnover Ratio Statistics
High	Average	Low
1.09	0.83	0.6
(Mar 31 2017)		(Jun 30 2022)

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

Financial Statements
Luna Innovations Inc's Accounts Receivable	$ 39 Millions	Visit LUNA's Balance sheet
Luna Innovations Inc's Sales TTM	$ 116 Millions	Visit LUNA's Income Statement
Sources of LUNA's Revenues		Visit LUNA's Sales by Geography

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

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LUNA's Profitability Ratios	LUNA's Roi	LUNA's Asset Turnover Ratio	LUNA's Dividend Growth
LUNA's Valuation Ratios	LUNA's Roe	LUNA's Financial Strength Ratios	LUNA's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2023, within Healthcare Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Sep 30 2023	Receivable at quarter ending Sep 30 2023
Becton Dickinson And Company	8.11	$ 19,372.000 Millions	$ 2,388.000 Millions
Acadia Pharmaceuticals Inc	8.10	$ 631.886 Millions	$ 78.005 Millions
Beone Medicines Ltd	8.08	$ 2,204.465 Millions	$ 272.789 Millions
Atricure Inc	8.08	$ 380.309 Millions	$ 47.061 Millions
Cerus Corporation	8.07	$ 214.720 Millions	$ 26.597 Millions
Cadre Holdings inc	8.05	$ 480.743 Millions	$ 59.721 Millions
Ensign Group Inc	8.04	$ 3,558.509 Millions	$ 442.690 Millions
Veracyte Inc	8.02	$ 343.149 Millions	$ 42.793 Millions
Nephros Inc	7.99	$ 12.528 Millions	$ 1.567 Millions
Vapotherm Inc	7.98	$ 67.598 Millions	$ 8.466 Millions
Aveanna Healthcare Holdings Inc	7.98	$ 1,867.515 Millions	$ 234.042 Millions
Insulet Corporation	7.98	$ 1,557.000 Millions	$ 195.200 Millions
Glaukos Corp	7.95	$ 303.063 Millions	$ 38.126 Millions
Moderna Inc	7.94	$ 9,121.000 Millions	$ 1,149.000 Millions
Dynatronics Corporation	7.87	$ 36.828 Millions	$ 4.680 Millions
Encompass Health Corporation	7.83	$ 4,149.400 Millions	$ 529.875 Millions
Cardiff Oncology Inc	7.80	$ 3.521 Millions	$ 0.452 Millions
Clearside Biomedical Inc	7.78	$ 2.211 Millions	$ 0.284 Millions
Akebia Therapeutics Inc	7.73	$ 193.611 Millions	$ 25.057 Millions
Avinger Inc	7.67	$ 7.318 Millions	$ 0.954 Millions
Singular Genomics Systems Inc	7.64	$ 2.595 Millions	$ 0.340 Millions
Shockwave Medical Inc	7.64	$ 670.271 Millions	$ 87.764 Millions
Exelixis Inc	7.64	$ 1,774.473 Millions	$ 232.410 Millions
Strata Skin Sciences Inc	7.59	$ 33.441 Millions	$ 4.403 Millions
Inari Medical Inc	7.59	$ 468.832 Millions	$ 61.763 Millions
Lemaitre Vascular Inc	7.57	$ 184.930 Millions	$ 24.423 Millions
Encision Inc	7.56	$ 6.970 Millions	$ 0.922 Millions
Alpha Teknova Inc	7.55	$ 35.550 Millions	$ 4.709 Millions
Star Equity Holdings Inc	7.55	$ 77.173 Millions	$ 10.224 Millions
Fate Therapeutics Inc	7.54	$ 106.213 Millions	$ 14.088 Millions

Date modified: 2026-09-08T15:11:07+00:00

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