Life Healthcare Group Holdings (JSE:LHC) Receivables Turnover : 2.39 (As of Sep. 2023)

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What is Life Healthcare Group Holdings 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. Life Healthcare Group Holdings's Revenue for the six months ended in Sep. 2023 was R7,351 Mil. Life Healthcare Group Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was R3,081 Mil. Hence, Life Healthcare Group Holdings's Receivables Turnover for the six months ended in Sep. 2023 was 2.39.

Life Healthcare Group Holdings Receivables Turnover Historical Data

The historical data trend for Life Healthcare Group Holdings'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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Life Healthcare Group Holdings Receivables Turnover Chart

Life Healthcare Group Holdings Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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8.35

7.54

8.52

6.42

7.10

Life Healthcare Group Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															4.48	4.37	2.12	4.64	2.39

Competitive Comparison of Life Healthcare Group Holdings's Receivables Turnover

For the Medical Care Facilities subindustry, Life Healthcare Group Holdings'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.

Life Healthcare Group Holdings's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Life Healthcare Group Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Life Healthcare Group Holdings's Receivables Turnover falls into.

Life Healthcare Group Holdings Receivables Turnover Calculation

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

Life Healthcare Group Holdings's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	22641	/ (	(3296	+	3081)	/	2 )
=	22641	/	3188.5
=	7.10

Life Healthcare Group Holdings's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	7351	/ (	(0	+	3081)	/	1 )
=	7351	/	3081
=	2.39

Life Healthcare Group Holdings (JSE:LHC) 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.

Life Healthcare Group Holdings Receivables Turnover Related Terms

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Life Healthcare Group Holdings (JSE:LHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Life Healthcare Group Holdings Ltd (JSE:LHC) » Definitions » Receivables Turnover

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LTGHY:USA L53:Germany

Address

203 Oxford Road, Building 2, Oxford Parks, Corner Eastwood and Oxford Roads, Dunkeld, Johannesburg, GT, ZAF, 2196

Website

https://www.lifehealthcare.co.za

Life Healthcare Group Holdings Ltd is an international and diversified healthcare organization based in South Africa. The firm's segments include hospitals and complementary services, healthcare services, and Radiopharmaceutical products. The hospitals and complementary services segment generates majority of the revenue. Its services include mental healthcare, acute rehabilitation, renal dialysis, and oncology. The smaller growth initiatives segment focuses on clinical quality products, and outpatient business in South Africa.

Life Healthcare Group Holdings (JSE:LHC) Headlines

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