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Ekachai Medical Care PCL (BKK:EKH) Receivables Turnover : 3.54 (As of Mar. 2024)


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What is Ekachai Medical Care PCL Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Ekachai Medical Care PCL's Revenue for the three months ended in Mar. 2024 was ฿319 Mil. Ekachai Medical Care PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿90 Mil. Hence, Ekachai Medical Care PCL's Receivables Turnover for the three months ended in Mar. 2024 was 3.54.


Ekachai Medical Care PCL Receivables Turnover Historical Data

The historical data trend for Ekachai Medical Care PCL's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ekachai Medical Care PCL Receivables Turnover Chart

Ekachai Medical Care PCL Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 15.81 12.81 14.13 10.36 13.12

Ekachai Medical Care PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.88 3.37 3.66 3.36 3.54

Competitive Comparison of Ekachai Medical Care PCL's Receivables Turnover

For the Medical Care Facilities subindustry, Ekachai Medical Care PCL's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ekachai Medical Care PCL's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Ekachai Medical Care PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ekachai Medical Care PCL's Receivables Turnover falls into.



Ekachai Medical Care PCL Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Ekachai Medical Care PCL's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=1208.61 / ((90.86 + 93.405) / 2 )
=1208.61 / 92.1325
=13.12

Ekachai Medical Care PCL's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=319.079 / ((93.405 + 86.736) / 2 )
=319.079 / 90.0705
=3.54

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Ekachai Medical Care PCL  (BKK:EKH) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.


Ekachai Medical Care PCL Receivables Turnover Related Terms

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Ekachai Medical Care PCL (BKK:EKH) Business Description

Traded in Other Exchanges
N/A
Address
99/9 Moo 4, Ekachai Road, Khok-kham, Muang Samut Sakorn, Samut Sakorn, THA, 74000
Ekachai Medical Care PCL operates in the hospital business and infertility center. It offers services such as plastic surgery, skin, and laser, pediatrics, obstetrics and gynecology, general surgery, orthopedics, ophthalmology, dental and other healthcare services. It provides medical services for inpatient and outpatient under the name of Ekachai Hospital. Geographically, all the activities function through Thailand and it derives revenue from hospital operations, mainly consisting of medical fees, hospital room sales, and medicine sales.

Ekachai Medical Care PCL (BKK:EKH) Headlines

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