Thorne Healthtech Inc 's ability to collect accounts receivable sequentially worsen to 14.12, indicating more challenging environment then in the first quarter 2023, but still, it is a far cry from any concerns. Thorne Healthtech Inc 's Accounts Receivable average collection period in the Jun 30 2023 quarter, has increased to 26 days, from 22 days, in the Mar 31 2023 quarter.

If we take a look into Healthcare sector 66 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Jun 30 2023 from 708 to 890.

What is Receivable Turnover Ratio?
What is Thorne Healthtech Inc Selling?

What is Receivable Turnover Ratio?

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THRN 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	147.1 %	107.95 %	155.43 %	114.67 %	311.49 %
Y / Y Revenue Change	29.69 %	19.33 %	19.48 %	21.68 %	30.72 %
Receivable Turnover Ratio (TTM)	14.12	16.72	19.32	22.71	26.56
THRN's Total Ranking	# 890	# 708	# 890	# 870	# 871
Accounts Receivable average collection period days	26	22	19	16	14
Seq. Receivable Change	34.15 %	32.01 %	7.57 %	29.71 %	12.89 %
Seq. Revenue Change	11.46 %	9.5 %	1.98 %	4.19 %	2.56 %

Receivable Turnover Company Ranking
Within:	No.
Major Pharmaceutical Preparations Industry	# 16
Healthcare Sector	# 67
Overall Market	# 890

Receivable Turnover Ratio Statistics
High	Average	Low
1.15	0.92	0.6
(Dec 31 2022)		(Jun 30 2022)

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

Financial Statements
Thorne Healthtech Inc 's Accounts Receivable	$ 26 Millions	Visit THRN's Balance sheet
Thorne Healthtech Inc 's Sales TTM	$ 256 Millions	Visit THRN's Income Statement
Sources of THRN's Revenues		Visit THRN's Sales by Geography

Other Accounts Receivable Turnover Ratios
Major Pharmaceutical Preparations Industry Accounts Receivable Turnover Trends and Statistics
Healthcare Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
THRN's Receivable Turnover Ratio versus Major Pharmaceutical Preparations Industry, Healthcare Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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THRN's Profitability Ratios	THRN's Roi	THRN's Asset Turnover Ratio	THRN's Dividend Growth
THRN's Valuation Ratios	THRN's Roe	THRN's Financial Strength Ratios	THRN'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
National Vision Holdings Inc	27.17	$ 2,055.847 Millions	$ 75.666 Millions
Eargo Inc	27.09	$ 40.269 Millions	$ 1.487 Millions
Vireo Growth Inc.	26.93	$ 77.182 Millions	$ 2.866 Millions
Arvinas Inc	26.81	$ 162.900 Millions	$ 6.075 Millions
Molecular Templates Inc	25.39	$ 19.754 Millions	$ 0.778 Millions
Janux Therapeutics Inc	24.84	$ 7.763 Millions	$ 0.313 Millions
Valion Bio Inc	24.13	$ 1.526 Millions	$ 0.063 Millions
Tvardi Therapeutics Inc	23.37	$ 27.172 Millions	$ 1.163 Millions
Cv Sciences Inc	22.70	$ 15.486 Millions	$ 0.682 Millions
Voyager Therapeutics Inc	22.27	$ 194.870 Millions	$ 8.750 Millions
Stoke Therapeutics Inc	21.96	$ 8.845 Millions	$ 0.403 Millions
Theralink Technologies Inc	21.55	$ 0.733 Millions	$ 0.034 Millions
Agios Pharmaceuticals Inc	21.35	$ 20.147 Millions	$ 0.944 Millions
Kiniksa Pharmaceuticals International Plc	20.10	$ 280.837 Millions	$ 13.973 Millions
U S Physical Therapy Inc	19.88	$ 350.308 Millions	$ 17.621 Millions
Lftd Partners Inc	19.38	$ 47.535 Millions	$ 2.453 Millions
Mymetics Corporation	19.24	$ 1.336 Millions	$ 0.069 Millions
Telesis Bio Inc	19.14	$ 95.322 Millions	$ 4.982 Millions
Innovage Holding Corp	19.12	$ 688.087 Millions	$ 35.990 Millions
Qhslab Inc	18.25	$ 1.295 Millions	$ 0.071 Millions
Cue Health Inc	18.24	$ 251.027 Millions	$ 13.759 Millions
Xoma Royalty Corporation	17.45	$ 4.032 Millions	$ 0.231 Millions
Capricor Therapeutics inc	17.27	$ 9.456 Millions	$ 0.548 Millions
Clearside Biomedical Inc	17.12	$ 1.618 Millions	$ 0.095 Millions
Avalo Therapeutics Inc	16.41	$ 16.963 Millions	$ 1.034 Millions
Chemed Corporation	16.35	$ 2,187.099 Millions	$ 133.800 Millions
Nektar Therapeutics	16.07	$ 87.741 Millions	$ 5.461 Millions
Ainos Inc	15.91	$ 2.874 Millions	$ 0.181 Millions
Nutriband Inc	15.67	$ 2.278 Millions	$ 0.145 Millions
Titan Pharmaceuticals Inc	15.53	$ 0.396 Millions	$ 0.026 Millions

Date modified: 2026-08-29T17:45:27+00:00

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