Skylight Health Group (Skylight Health Group) Receivables Turnover : 1.88 (As of Jun. 2022)

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What is Skylight Health Group 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. Skylight Health Group's Revenue for the three months ended in Jun. 2022 was $12.56 Mil. Skylight Health Group's average Accounts Receivable for the three months ended in Jun. 2022 was $6.67 Mil. Hence, Skylight Health Group's Receivables Turnover for the three months ended in Jun. 2022 was 1.88.

Skylight Health Group Receivables Turnover Historical Data

The historical data trend for Skylight Health Group'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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Skylight Health Group Receivables Turnover Chart

Skylight Health Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Receivables Turnover

283.17

2.30

8.50

Skylight Health Group Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Receivables Turnover	Get a 7-Day Free Trial													2.19	1.99	0.12	1.37	1.88

Competitive Comparison of Skylight Health Group's Receivables Turnover

For the Medical Care Facilities subindustry, Skylight Health Group'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.

Skylight Health Group's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Skylight Health Group's Receivables Turnover falls into.

Skylight Health Group Receivables Turnover Calculation

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

Skylight Health Group's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Receivables Turnover (A: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2021 )	/ (	(Accounts Receivable (A: Dec. 2020 )	+	Accounts Receivable (A: Dec. 2021 ))	/	count )
=	21.216	/ (	(0.413	+	4.577)	/	2 )
=	21.216	/	2.495
=	8.50

Skylight Health Group's Receivables Turnover for the quarter that ended in Jun. 2022 is calculated as

	Receivables Turnover (Q: Jun. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2022 )	/ (	(Accounts Receivable (Q: Mar. 2022 )	+	Accounts Receivable (Q: Jun. 2022 ))	/	count )
=	12.556	/ (	(4.289	+	9.053)	/	2 )
=	12.556	/	6.671
=	1.88

Skylight Health Group (OTCPK:SLHGF) 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.

Skylight Health Group Receivables Turnover Related Terms

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Skylight Health Group (Skylight Health Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Skylight Health Group Inc (OTCPK:SLHGF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

5520 Explorer Drive, Suite 402, Mississauga, ON, CAN, L4W 5L1

Website

https://www.skylighthealthgroup.com

Skylight Health Group Inc is a healthcare services and technology company, working to impact patient health outcomes. The company operates a US multi-state health network that comprises physical multi-disciplinary medical clinics providing a range of services from primary care, subspecialty, allied health and diagnostic testing.