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. Premier's Revenue for the
three
months ended in Dec. 2023 was $335 Mil. Premier's average Accounts Receivable for the
three
months ended in Dec. 2023 was $112 Mil.
Hence, Premier's Receivables Turnover for the
three
months ended in Dec. 2023 was 2.98.
Premier Receivables Turnover Historical Data
The historical data trend for Premier'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.
Competitive Comparison of Premier's Receivables Turnover
For the Health Information Services subindustry, Premier'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.
Premier's Receivables Turnover Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Premier's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Premier's Receivables Turnover falls into.
Premier Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Premier's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as
* 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.
Premier (NAS:PINC) 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.
Premier Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Premier's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Premier Inc is a Charlotte, North Carolina-based national group purchasing organization providing primary supply chain services to large hospital systems and more recently to alternate outpatient locations as it expands its footprint. Through acquisitions, the company also offers a compliment of advisory services and consulting services along with software-as-a-service-based subscriptions. The company's revenue is all sourced domestically and is reported in two business segments: the core supply chain services (approximately 70% of fiscal 2019 revenue) and the consulting and technology platform of performance services (approximately 30%).
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