LHC Group (LHC Group) Accounts Receivable : $313 Mil (As of Dec. 2022)

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What is LHC Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. LHC Group's accounts receivables for the quarter that ended in Dec. 2022 was $313 Mil.

Accounts receivable can be measured by Days Sales Outstanding. LHC Group's Days Sales Outstanding for the quarter that ended in Dec. 2022 was 51.20.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. LHC Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was $-34.28.

LHC Group Accounts Receivable Historical Data

The historical data trend for LHC Group's Accounts Receivable 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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LHC Group Accounts Receivable Chart

LHC Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

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252.59

284.96

301.21

348.82

313.16

LHC Group Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Accounts Receivable	Get a 7-Day Free Trial															348.82	376.97	342.07	331.52	313.16

LHC Group Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

LHC Group Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

LHC Group's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	313.163	/	558.17	*	91
=	51.20

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), LHC Group's accounts receivable are only considered to be worth 75% of book value:

LHC Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(17.911	+	0.75 * 313.163	+	0.5 * 0	-	1191.523
-	0	-	110.041)	/	30.5954
=	-34.28

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

LHC Group Accounts Receivable Related Terms

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LHC Group (LHC Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » LHC Group Inc (NAS:LHCG) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

901 Hugh Wallis Road South, Lafayette, LA, USA, 70508

Website

https://www.lhcgroup.com

LHC Group Inc provides post-acute health care services to patients through its home nursing agencies, community-based services agencies, hospice agencies, and long-term acute care hospitals. The company's home health service locations offer a wide range of services, including skilled nursing, medically-oriented social services and physical, occupational, and speech therapy. Its hospices provide end-of-life care to patients with terminal illnesses through interdisciplinary teams of physicians, nurses, home health aides, counselors, and volunteers. Its other service segments are Home and community based, Facility-based, Hospice and Healthcare Innovations. The company derives most of its revenues from the Home health services.

Executives

Nicholas Iii Gachassin	officer: EVP, General Counsel	901 HUGH WALLIS ROAD SOUTH, LAFAYETTE LA 70508
Dale Mackel	other: CFO	901 HUGH WALLIS ROAD S, LAFAYETTE LA 70508-2511
Reed W Earl Iii	director	9510 OMSBY SLATION ROAD, STE 300, LOIISVILLE KY 40223
Kimberly S Seymour	other: SVP, Chief Accounting Officer	901 HUGH WALLIS ROAD S, LAFAYETTE LA 70508
Tricia Nguyen	other: EVP, Chief Medical Officer	1801 KIRA COURT, ARLINGTON TX 76006
Mcquiddy Collin	other: SVP, Chief Accounting Officer	901 HUGH WALLIS ROAD S, LAFAYETTE LA 70508
Donald Dwayne Stelly	officer: Senior Vice President	420 WEST PINHOOK ROAD, SUITE A, LAFAYETTE LA 70503
John L Indest	director, officer: COO of Home, Senior V.P.	420 WEST PINHOOK ROAD, SUITE A, LAFAYETTE LA 70503
Ronald T Nixon	director	1375 ENCLAVE PKWY, HOUSTON TX 77077
Keith G Myers	director, 10 percent owner, officer: CEO and President	901 HUGH WALLIS RD S, LAFAYETTE LA 70508
Joshua L. Proffitt	officer: Executive Vice President	901 HUGH WALLIS ROAD SOUTH, LAFAYETTE LA 70508
Teri G. Fontenot	director	18933 EAST PINNACLE CIRCLE, BATON ROUGE LA 70634
Tyree G Wilburn	director
Jeff Reibel	officer: See Remarks	9510 ORMSBY STATION ROAD, SUITE 300, LOUISVILLE KY 40223
Bruce D Greenstein	officer: Chief Innovation Officer	901 HUGH WALLIS ROAD SOUTH, LAFAYETTE LA 70508