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Nexgel Inc   (NXGL)
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Nexgel Inc Accounts Receivables Turnover Ratio from the second quarter 2023 to the second quarter 2022

Quarterly Results, Trends, Rankings, Statistics


Nexgel Inc 's ability to collect accounts receivable sequentially worsen to 6.34, indicating more challenging environment then in the first quarter 2023, but still, it is a far cry from any concerns. Nexgel Inc 's Average receivable collection period in the Jun 30 2023 quarter, has increased to 58 days, from 47 days, in the Mar 31 2023 quarter.

If we take a look into Healthcare sector 419 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 2867, from overall ranking in the first quarter 2023 at 3476.

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


What is Receivable Turnover Ratio?




NXGL Receivables Turnover Ratio (Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
(Jun 30 2022)
II. Quarter
Y / Y Receivable Change 216.67 % 187.88 % 6.22 % - -
Y / Y Revenue Change 108.02 % 56.57 % - - -
Receivable Turnover Ratio (TTM) 6.34 7.79 8.91 6.73 5.97
NXGL's Total Ranking # 2867 # 3476 # 3409 # 0 # 0
Average receivable collection period 58 47 41 54 61
Seq. Receivable Change 150 % 71.17 % -16.23 % -11.67 % 127.27 %
Seq. Revenue Change 88.23 % 18.55 % -7.92 % 1.25 % 41.67 %


Receivable Turnover Company Ranking
Within: No.
Medical Equipment & Supplies Industry # 156
Healthcare Sector # 420
Overall Market # 2867

Receivable Turnover Ratio Statistics
High Average Low
0.27 0.21 0.17
(Jun 30 2023)   (Dec 31 2022)






Financial Statements
Nexgel Inc 's Accounts Receivable $ 1 Millions Visit NXGL's Balance sheet
Nexgel Inc 's Sales TTM $ 3 Millions Visit NXGL's Income Statement
Where are NXGL's Sales coming from? Visit NXGL'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
NXGL's Receivable Turnover Ratio versus Medical Equipment & Supplies Industry, Healthcare Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover
Accounts Receivable Turnover for NXGL's Competitors
Receivables Turnover Ratio for NXGL's Suppliers
Accounts Receivables Turnover Ratio for NXGL's Customers

You may also want to know
NXGL's Growth Rates NXGL's Roa NXGL's Inventory Turnover Ratio NXGL's Dividend Comparisons
NXGL's Profitability Ratios NXGL's Roi NXGL's Asset Turnover Ratio NXGL's Dividend Growth
NXGL's Valuation Ratios NXGL's Roe NXGL's Financial Strength Ratios NXGL's Dividend Payout Ratio



Companies with similar Receivables Turnover Ratio for the quarter ending Jun 30 2023, within Healthcare Sector Receivable Turnover Ratio Revenues for 12 Months ending Jun 30 2023 Receivable at quarter ending Jun 30 2023
Durect Corp  8.30 $ 19.427  Millions$ 2.339  Millions
Addus Homecare Corporation  8.30 $ 999.125  Millions$ 120.362  Millions
Idexx Laboratories Inc  8.29 $ 3,514.054  Millions$ 424.144  Millions
Comera Life Sciences Holdings Inc   8.26 $ 1.194  Millions$ 0.145  Millions
T2 Biosystems Inc   8.23 $ 13.202  Millions$ 1.603  Millions
Lensar Inc   8.22 $ 38.244  Millions$ 4.652  Millions
Atricure Inc   8.21 $ 365.686  Millions$ 44.546  Millions
Ensign Group Inc  8.20 $ 3,387.723  Millions$ 413.149  Millions
Avita Medical Inc   8.18 $ 40.850  Millions$ 4.993  Millions
Talis Biomedical Corporation  8.15 $ 2.852  Millions$ 0.350  Millions
Radnet Inc   8.10 $ 1,528.198  Millions$ 188.736  Millions
Rewalk Robotics Ltd   8.08 $ 5.632  Millions$ 0.697  Millions
Ati Physical Therapy Inc   8.07 $ 657.825  Millions$ 81.496  Millions
Acadia Pharmaceuticals Inc   8.05 $ 550.901  Millions$ 68.406  Millions
Glaukos Corp  8.02 $ 296.794  Millions$ 36.986  Millions
Cadre Holdings Inc   8.02 $ 467.694  Millions$ 58.345  Millions
Alpha Teknova Inc   8.00 $ 38.770  Millions$ 4.844  Millions
Aveanna Healthcare Holdings Inc   7.97 $ 1,832.514  Millions$ 229.937  Millions
Akebia Therapeutics Inc   7.96 $ 200.529  Millions$ 25.183  Millions
Becton Dickinson And Company  7.96 $ 18,508.000  Millions$ 2,325.000  Millions
Hookipa Pharma inc   7.92 $ 15.913  Millions$ 2.008  Millions
Vanda Pharmaceuticals Inc   7.88 $ 238.354  Millions$ 30.250  Millions
Moderna Inc   7.86 $ 10,654.000  Millions$ 1,356.250  Millions
Sonendo Inc   7.84 $ 42.898  Millions$ 5.472  Millions
Dynatronics Corporation  7.80 $ 41.485  Millions$ 5.322  Millions
Shockwave Medical Inc   7.79 $ 616.094  Millions$ 79.115  Millions
Encompass Health Corporation  7.74 $ 4,032.000  Millions$ 520.925  Millions
Atrion Corporation  7.69 $ 171.317  Millions$ 22.277  Millions
Pressure Biosciences Inc   7.69 $ 2.004  Millions$ 0.261  Millions
Encision Inc   7.66 $ 6.848  Millions$ 0.894  Millions

Date modified: 2023-08-18T14:10:07+00:00



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