Wearable Health Solutions, Inc.'s ability to collect accounts receivable sequentially worsen to 36.72, indicating more challenging environment then in the first quarter 2023, but still, it is a far cry from any concerns. Average collection period, for Wearable Health Solutions's accounts receivable remained unchanged at 10 days, in the Dec 31 2023 quarter.

If we take a look into Healthcare sector 2 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Dec 31 2023 from to 252.

What is Receivable Turnover Ratio?
What is Wearable Health Solutions, Inc. Selling?

What is Receivable Turnover Ratio?

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MDHI Receivables Turnover Ratio	(Dec 31 2023) II. Quarter	(Sep 30 2023) I. Quarter	(Jun 30 2023) IV. Quarter	(Mar 31 2023) III. Quarter	(Dec 31 2022) II. Quarter
Y / Y Receivable Change	-18.84 %	-17.37 %	-99.75 %	1125 %	157.03 %
Y / Y Revenue Change	-35.71 %	-34.23 %	-39.29 %	-9.06 %	-34.98 %
Receivable Turnover Ratio (TTM)	36.72	37.49	40.01	14.38	16.29
MDHI's Total Ranking	# 252	#	#	#	#
Accounts Receivable average collection period days	10	10	9	25	22
Seq. Receivable Change	93.48 %	3350 %	-98.37 %	-25.53 %	97.01 %
Seq. Revenue Change	-10.6 %	4.02 %	-29.32 %	-2.17 %	-8.55 %

Receivable Turnover Company Ranking
Within:	No.
Medical Equipment & Supplies Industry	# 0
Healthcare Sector	# 3
Overall Market	# 252

Receivable Turnover Ratio Statistics
High	Average	Low
7.56	2.63	0.47
(Mar 31 2021)		(Jun 30 2012)

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

Financial Statements
Wearable Health Solutions's Accounts Receivable	$ 0 Millions	Visit MDHI's Balance sheet
Wearable Health Solutions's Sales TTM	$ 1 Millions	Visit MDHI's Income Statement
Sources of MDHI's Revenues		Visit MDHI'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
MDHI'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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MDHI's Profitability Ratios	MDHI's Roi	MDHI's Asset Turnover Ratio	MDHI's Dividend Growth
MDHI's Valuation Ratios	MDHI's Roe	MDHI's Financial Strength Ratios	MDHI's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2023, within Healthcare Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Dec 31 2023	Receivable at quarter ending Dec 31 2023
Brookdale Senior Living Inc	61.31	$ 3,015.829 Millions	$ 49.189 Millions
Calliditas Therapeutics Ab	58.85	$ 129.241 Millions	$ 2.196 Millions
Renalytix Plc	56.48	$ 5.295 Millions	$ 0.094 Millions
Vivos Therapeutics Inc	49.24	$ 13.271 Millions	$ 0.270 Millions
Spero Therapeutics Inc	48.91	$ 103.781 Millions	$ 2.122 Millions
Vbi Vaccines Inc	48.71	$ 8.682 Millions	$ 0.178 Millions
Sangamo Therapeutics Inc	46.81	$ 176.232 Millions	$ 3.765 Millions
Nektar Therapeutics	46.58	$ 90.122 Millions	$ 1.935 Millions
Cytomx Therapeutics Inc	45.78	$ 101.214 Millions	$ 2.211 Millions
Marpai Inc	45.55	$ 37.155 Millions	$ 0.816 Millions
Stoke Therapeutics Inc	44.57	$ 8.780 Millions	$ 0.197 Millions
Nature s Sunshine Products inc	43.15	$ 445.127 Millions	$ 10.315 Millions
Janux Therapeutics Inc	43.11	$ 8.083 Millions	$ 0.188 Millions
Fusion Pharmaceuticals Inc	41.57	$ 2.068 Millions	$ 0.050 Millions
Hookipa Pharma inc	41.46	$ 20.129 Millions	$ 0.485 Millions
Onemednet Corporation	41.32	$ 1.570 Millions	$ 0.038 Millions
Nanobiotix S a	40.01	$ 40.552 Millions	$ 1.014 Millions
Ontrak Inc	39.70	$ 11.800 Millions	$ 0.297 Millions
23andme Holding Co	38.44	$ 246.722 Millions	$ 6.419 Millions
Lifemd Inc	37.05	$ 151.002 Millions	$ 4.075 Millions
Wearable Health Solutions, Inc.	36.72	$ 0.600 Millions	$ 0.016 Millions
Electrocore Inc	34.66	$ 15.226 Millions	$ 0.439 Millions
Sonida Senior Living Inc	34.44	$ 255.322 Millions	$ 7.413 Millions
Vireo Growth Inc.	34.09	$ 88.133 Millions	$ 2.586 Millions
Prothena Corporation Public Limited Company	33.71	$ 91.370 Millions	$ 2.710 Millions
Adaptimmune Therapeutics Plc	29.72	$ 60.281 Millions	$ 2.029 Millions
Invo Fertility Inc	27.97	$ 3.021 Millions	$ 0.108 Millions
Aesthetic Medical International Holdings Group Limited	26.71	$ 100.824 Millions	$ 3.775 Millions
National Vision Holdings Inc	26.38	$ 2,126.468 Millions	$ 80.611 Millions
Orchestra Biomed Holdings Inc	25.56	$ 2.760 Millions	$ 0.108 Millions

Date modified: 2026-08-29T17:20:24+00:00

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