Medinotec Inc 's ability to collect accounts receivable sequentially worsen to 4.14, indicating more challenging environment then in the first quarter 2026, but still, it is a far cry from any concerns. Medinotec Inc 's Accounts Receivable average collection period in the Aug 31 2026 quarter, has increased to 88 days, from 87 days, in the May 31 2026 quarter.

If we take a look into Healthcare sector 33 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio remained unchanged relative to the previous period at no. 464.

What is Receivable Turnover Ratio?
What is Medinotec Inc Selling?

What is Receivable Turnover Ratio?

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MDNC Receivables Turnover Ratio	(Aug 31 2026) II. Quarter	(May 31 2026) I. Quarter	(Feb 28 2026) IV. Quarter	(Nov 30 2025) III. Quarter	(Aug 31 2025) II. Quarter
Y / Y Receivable Change	2.43 %	-34.75 %	-9.95 %	242.29 %	233.86 %
Y / Y Revenue Change	-1.1 %	24.23 %	-48.31 %	-1.09 %	79.39 %
Receivable Turnover Ratio (TTM)	4.14	4.18	3.49	4.01	4.7
MDNC's Total Ranking	# 464	# 464	# 2736	# 347	# 49
Accounts Receivable average collection period days	88	87	105	91	78
Seq. Receivable Change	4.02 %	7.8 %	0.79 %	-9.37 %	-33.74 %
Seq. Revenue Change	20.73 %	45.49 %	-28.18 %	-21.61 %	51.65 %

Receivable Turnover Company Ranking
Within:	No.
Medical Equipment & Supplies Industry	# 13
Healthcare Sector	# 34
Overall Market	# 464

Receivable Turnover Ratio Statistics
High	Average	Low
1.86	1.43	0.3
(Aug 31 2024)		(Aug 31 2023)

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

Financial Statements
Medinotec Inc 's Accounts Receivable	$ 3 Millions	Visit MDNC's Balance sheet
Medinotec Inc 's Sales TTM	$ 10 Millions	Visit MDNC's Income Statement
Sources of MDNC's Revenues		Visit MDNC'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
MDNC'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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MDNC's Growth Rates	MDNC's Roa	MDNC's Inventory Turnover Ratio	MDNC's Dividend Comparisons
MDNC's Profitability Ratios	MDNC's Roi	MDNC's Asset Turnover Ratio	MDNC's Dividend Growth
MDNC's Valuation Ratios	MDNC's Roe	MDNC's Financial Strength Ratios	MDNC's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Aug 31 2026, within Healthcare Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Aug 31 2026	Receivable at quarter ending Aug 31 2026
Iqvia Holdings Inc	10.43	$ 17,311.000 Millions	$ 1,659.500 Millions
Voyager Therapeutics Inc	9.84	$ 25.108 Millions	$ 2.551 Millions
Encompass Health Corporation	9.41	$ 6,338.100 Millions	$ 673.625 Millions
Bausch Health Companies Inc	9.15	$ 11,113.000 Millions	$ 1,215.000 Millions
Pacs Group Inc	8.88	$ 5,705.049 Millions	$ 642.729 Millions
Lexicon Pharmaceuticals Inc	8.77	$ 38.537 Millions	$ 4.396 Millions
Axogen inc	8.71	$ 266.926 Millions	$ 30.654 Millions
Avita Medical Inc	8.65	$ 84.683 Millions	$ 9.795 Millions
Ensign Group Inc	8.62	$ 5,674.305 Millions	$ 658.477 Millions
Pediatrix Medical Group Inc	8.57	$ 1,959.124 Millions	$ 228.471 Millions
Tenet Healthcare Corp	8.54	$ 22,154.000 Millions	$ 2,593.250 Millions
Brightspring Health Services Inc	8.50	$ 9,479.144 Millions	$ 1,114.763 Millions
Sotera Health Company	8.49	$ 1,230.250 Millions	$ 144.974 Millions
Acadia Pharmaceuticals Inc	8.46	$ 1,202.301 Millions	$ 142.117 Millions
Novavax inc	8.33	$ 411.649 Millions	$ 49.414 Millions
Tactile Systems Technology Inc	8.23	$ 357.176 Millions	$ 43.385 Millions
Penumbra Inc	8.22	$ 1,560.334 Millions	$ 189.735 Millions
Inspire Medical Systems inc	8.15	$ 882.194 Millions	$ 108.207 Millions
Adapthealth Corp	8.14	$ 3,152.043 Millions	$ 387.280 Millions
Rhythm Pharmaceuticals Inc	8.03	$ 280.748 Millions	$ 34.950 Millions
Alphatec Holdings Inc	7.91	$ 839.652 Millions	$ 106.153 Millions
Exelixis Inc	7.89	$ 2,496.861 Millions	$ 316.636 Millions
Henry Schein Inc	7.84	$ 13,734.000 Millions	$ 1,752.000 Millions
Idexx Laboratories Inc	7.78	$ 4,663.675 Millions	$ 599.701 Millions
Madrigal Pharmaceuticals Inc	7.70	$ 1,427.940 Millions	$ 185.380 Millions
Lemaitre Vascular Inc	7.66	$ 269.938 Millions	$ 35.235 Millions
Pulmonx Corporation	7.56	$ 89.176 Millions	$ 11.791 Millions
Merit Medical Systems Inc	7.53	$ 1,612.236 Millions	$ 214.065 Millions
Cerus Corporation	7.48	$ 226.798 Millions	$ 30.308 Millions
Insmed Inc	7.45	$ 1,479.040 Millions	$ 198.502 Millions

Date modified: 2026-10-09T04:24:49+00:00

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