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Sanara Medtech Inc   (SMTI)
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Sanara Medtech Inc Accounts Receivables Turnover Ratio from the third quarter 2023 to the third quarter 2022

Quarterly Results, Trends, Rankings, Statistics


Sanara Medtech Inc 's ability to collect accounts receivable sequentially worsen to 8.83, indicating more challenging environment then in the second quarter 2023, but still, it is a far cry from any concerns. Sanara Medtech Inc 's Average receivable collection period in the Sep 30 2023 quarter, has increased to 41 days, from 40 days, in the Jun 30 2023 quarter.

If we take a look into Healthcare sector 82 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 972, from overall ranking in the second quarter 2023 at 1385.

What is Receivable Turnover Ratio?
What is Sanara Medtech Inc Selling?


What is Receivable Turnover Ratio?




SMTI 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 35.46 % 76.44 % 89.73 % 234.5 % 124.5 %
Y / Y Revenue Change 17.09 % 60.96 % 98.71 % 162.99 % 107.81 %
Receivable Turnover Ratio (TTM) 8.83 9.14 9.35 9.24 9.69
SMTI's Total Ranking # 972 # 1385 # 871 # 839 # 1387
Average receivable collection period 41 40 39 40 38
Seq. Receivable Change 4.13 % 10.41 % -6.32 % 25.77 % 35.63 %
Seq. Revenue Change -1.88 % 0.28 % 1.34 % 17.41 % 34.89 %


Receivable Turnover Company Ranking
Within: No.
Medical Equipment & Supplies Industry # 34
Healthcare Sector # 83
Overall Market # 972

Receivable Turnover Ratio Statistics
High Average Low
3.49 1.98 0.67
(Jun 30 2018)   (Mar 31 2022)






Financial Statements
Sanara Medtech Inc 's Accounts Receivable $ 7 Millions Visit SMTI's Balance sheet
Sanara Medtech Inc 's Sales TTM $ 62 Millions Visit SMTI's Income Statement
Where are SMTI's Sales coming from? Visit SMTI'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
SMTI'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 SMTI's Competitors
Receivables Turnover Ratio for SMTI's Suppliers
Accounts Receivables Turnover Ratio for SMTI's Customers

You may also want to know
SMTI's Growth Rates SMTI's Roa SMTI's Inventory Turnover Ratio SMTI's Dividend Comparisons
SMTI's Profitability Ratios SMTI's Roi SMTI's Asset Turnover Ratio SMTI's Dividend Growth
SMTI's Valuation Ratios SMTI's Roe SMTI's Financial Strength Ratios SMTI'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
Vaxart Inc   22.56 $ 4.156  Millions$ 0.184  Millions
Mymetics Corporation  21.62 $ 1.229  Millions$ 0.057  Millions
Ontrak Inc   21.60 $ 11.674  Millions$ 0.541  Millions
Pieris Pharmaceuticals Inc   21.38 $ 47.357  Millions$ 2.216  Millions
Kiniksa Pharmaceuticals ltd   20.83 $ 248.748  Millions$ 11.944  Millions
Invo Bioscience Inc   20.81 $ 1.917  Millions$ 0.092  Millions
U S Physical Therapy Inc  20.64 $ 360.180  Millions$ 17.452  Millions
Marizyme Inc   19.60 $ 0.591  Millions$ 0.030  Millions
Innovage Holding Corp   19.18 $ 699.354  Millions$ 36.470  Millions
Xoma Corporation  18.55 $ 4.411  Millions$ 0.238  Millions
Plus Therapeutics Inc   18.55 $ 3.751  Millions$ 0.202  Millions
Cano Health Inc   18.50 $ 3,101.906  Millions$ 167.675  Millions
Tivic Health Systems Inc   18.42 $ 1.331  Millions$ 0.072  Millions
Qhslab Inc   17.62 $ 1.362  Millions$ 0.077  Millions
Arvinas Inc   17.55 $ 167.200  Millions$ 9.525  Millions
Recursion Pharmaceuticals Inc   17.18 $ 47.360  Millions$ 2.756  Millions
Ocuphire Pharma Inc   15.89 $ 57.208  Millions$ 3.600  Millions
Lftd Partners Inc   15.79 $ 49.404  Millions$ 3.129  Millions
Comera Life Sciences Holdings Inc   15.42 $ 1.096  Millions$ 0.071  Millions
Chemed Corporation  15.30 $ 2,225.159  Millions$ 145.392  Millions
Patterson Companies Inc   14.56 $ 6,550.083  Millions$ 449.864  Millions
Talkspace Inc   14.24 $ 137.071  Millions$ 9.623  Millions
Owens and Minor inc  14.22 $ 10,227.886  Millions$ 719.123  Millions
Ainos Inc   14.15 $ 1.140  Millions$ 0.081  Millions
Lifeloc Technologies Inc   14.00 $ 9.250  Millions$ 0.661  Millions
Corcept Therapeutics Inc  13.76 $ 450.026  Millions$ 32.698  Millions
Protalix Biotherapeutics inc   13.48 $ 63.625  Millions$ 4.719  Millions
Exact Sciences Corporation  13.39 $ 2,407.624  Millions$ 179.784  Millions
Icu Medical Inc  13.12 $ 2,247.910  Millions$ 171.300  Millions
Milestone Scientific Inc   13.11 $ 9.788  Millions$ 0.747  Millions

Date modified: 2023-11-30T13:05:36+00:00



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