Healthscope (ASX:HSO) Accounts Receivable : A$190 Mil (As of Dec. 2018)

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What is Healthscope Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Healthscope's accounts receivables for the quarter that ended in Dec. 2018 was A$190 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Healthscope's Days Sales Outstanding for the quarter that ended in Dec. 2018 was 28.30.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Healthscope's Net-Net Working Capital per share for the quarter that ended in Dec. 2018 was A$-0.97.

Healthscope Accounts Receivable Historical Data

The historical data trend for Healthscope'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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Healthscope Accounts Receivable Chart

Healthscope Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Accounts Receivable

92.11

141.50

161.20

68.20

Healthscope Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18
Accounts Receivable	Get a 7-Day Free Trial				122.00	161.20	145.20	68.20	189.90

Healthscope Accounts Receivable Calculation

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

Healthscope 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.

Healthscope's Days Sales Outstanding for the quarter that ended in Dec. 2018 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	189.9	/	1224.6	*	91
=	28.30

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

Healthscope's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2018 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)
=	(108.7	+	0.75 * 189.9	+	0.5 * 0	-	1931.7
-	0	-	0)	/	1741.16
=	-0.97

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.

Healthscope Accounts Receivable Related Terms

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Healthscope (ASX:HSO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Healthscope Ltd (ASX:HSO) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

312 St Kilda Road, Level 1, Melbourne, VIC, AUS, 3004

Website

http://www.healthscope.com.au

Healthscope is the second-largest provider of private hospital services in Australia and a leading provider of pathology services in Australia, New Zealand, Malaysia, and Singapore. At a service level, the private hospital portfolio comprises 31 acute hospitals, seven psychiatric hospitals, and six rehabilitation and extended-care facilities, which are concentrated within the three major population centres of Sydney, Melbourne, and Brisbane on the east coast of Australia.

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