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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. Select Medical Holdings's Revenue for the three months ended in Mar. 2024 was $1,789 Mil. Select Medical Holdings's average Accounts Receivable for the three months ended in Mar. 2024 was $1,038 Mil. Hence, Select Medical Holdings's Receivables Turnover for the three months ended in Mar. 2024 was 1.72.
The historical data trend for Select Medical 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.
Select Medical Holdings Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Receivables Turnover | Get a 7-Day Free Trial | 7.42 | 6.67 | 6.95 | 6.92 | 7.08 |
Select Medical Holdings 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 | 1.72 | 1.71 | 1.75 | 1.76 | 1.72 |
For the Medical Care Facilities subindustry, Select Medical 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.
For the Healthcare Providers & Services industry and Healthcare sector, Select Medical Holdings's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Select Medical Holdings's Receivables Turnover falls into.
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Select Medical Holdings'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 ) |
= | 6664.058 | / ( | (941.312 | + | 940.335) | / | 2 ) |
= | 6664.058 | / | 940.8235 | ||||
= | 7.08 |
Select Medical Holdings'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 ) |
= | 1788.809 | / ( | (940.335 | + | 1134.788) | / | 2 ) |
= | 1788.809 | / | 1037.5615 | ||||
= | 1.72 |
* 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.
Select Medical Holdings (NYSE:SEM) 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.
Thank you for viewing the detailed overview of Select Medical Holdings's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert A Ortenzio | director, officer: Chief Executive Officer | 4718 OLD GETTYSBURG RD, POST OFFICE BOX 2034, MECHANICSBURG PA 30309 |
Breighner Robert G. Jr | officer: Vice President, Compliance | C/O SELECT MEDICAL HOLDINGS CORPORATION, 4714 GETTYSBURG ROAD, MACHANICSBURG PA 17055 |
Michael F Malatesta | officer: Senior Vice President, Finance | C/O SELECT MEDICAL CORPORATION, 4714 GETTYSBURG RD, P.O. BOX 2034, MECHANICSBURG PA 17055 |
Christopher Weigl | officer: Chief Accounting Officer | C/O SELECT MEDICAL CORPORATION, 4714 GETTYSBURG ROAD, P.O. BOX 2034, MECHANICSBURG PA 17055 |
David S Chernow | officer: Chief Executive Officer | C/O JUNIOR ACHIEVEMENT INC, ONE EDUCATION WAY, COLORADO SPRINGS CO 80906 |
Parvinderjit S. Khanuja | director | C/O SELECT MEDICAL CORPORATION, 4714 GETTYSBURG RD, P.O. BOX 2034, MECHANICSBURG PA 17055 |
Marilyn B Tavenner | director | 13600 BUTLERS ROAD, AMELIA COURT HOUSE VA 23002 |
Michael E Tarvin | officer: Executive Vice President | 4716 OLD GETTYSBURG ROAD, PO BOX 2034, MECHANICSBURG PA 17055 |
Martin F Jackson | officer: Executive Vice President | 4716 OLD GETTYSBURG ROAD, PO BOX 2034, MECHANICSBURG PA 17055 |
Katherine R Davisson | director | C/O SELECT MEDICAL CORPORATION, 4714 GETTYSBURG ROAD, P.O. BOX 2034, MECHANICSBURG PA 17055 |
Ely James S. Iii | director | 4000 MERIDIAN BLVD, FRANKLIN TN 37067 |
Scott A Romberger | officer: Senior Vice President | 4716 OLD GETTYSBURG ROAD, PO BOX 2034, MECHANICSBURG PA 17055 |
Thomas P Mullin | officer: Executive Vice President | C/O SELECT MEDICAL CORPORATION, 4714 GETTYSBURG ROAD, P.O. BOX 2034, MECHANICSBURG PA 17055 |
Leopold Swergold | director | |
Daniel Thomas | director | C/O SELECT MEDICAL CORPORATION, 4714 GETTYSBURG ROAD P.O. BOX 2034, MECHANICSBURG PA 17055 |
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