Health Management Associates, (FRA:HMG) Change In Receivables : €-776 Mil (TTM As of Sep. 2013)

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What is Health Management Associates, Change In Receivables?

Health Management Associates,'s change in receivables for the quarter that ended in Sep. 2013 was €-211 Mil. It means Health Management Associates,'s Accounts Receivable increased by €211 Mil from Jun. 2013 to Sep. 2013 .

Health Management Associates,'s change in receivables for the fiscal year that ended in Dec. 2012 was €-725 Mil. It means Health Management Associates,'s Accounts Receivable increased by €725 Mil from Dec. 2011 to Dec. 2012 .

Health Management Associates,'s Accounts Receivable for the quarter that ended in Sep. 2013 was €726 Mil.

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 Receivable are being managed. Health Management Associates,'s Days Sales Outstanding for the three months ended in Sep. 2013 was 62.29.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Health Management Associates,'s liquidation value for the three months ended in Sep. 2013 was €-3,525 Mil.

Health Management Associates, Change In Receivables Historical Data

The historical data trend for Health Management Associates,'s Change In Receivables 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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Health Management Associates, Change In Receivables Chart

Health Management Associates, Annual Data

Trend

Sep03

Sep04

Sep05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Change In Receivables

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-382.14

-410.42

-553.10

-660.74

-725.48

Health Management Associates, Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Change In Receivables	Get a 7-Day Free Trial															-210.74	-179.85	-216.63	-168.17	-211.05

Health Management Associates, Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Sep. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was €-776 Mil.

Health Management Associates, (FRA:HMG) Change In Receivables 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 Receivable are being managed.

Health Management Associates,'s Days Sales Outstanding for the quarter that ended in Sep. 2013 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	725.659	/	1063.09	*	91
=	62.29

2. In Ben Graham's calculation of liquidation value, Health Management Associates,'s accounts receivable are only considered to be worth 75% of book value:

Health Management Associates,'s liquidation value for the quarter that ended in Sep. 2013 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	48.06	-	4201.748	+	0.75 * 725.659	+	0.5 * 169.461
=	-3,525

Health Management Associates, Change In Receivables Related Terms

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Health Management Associates, (FRA:HMG) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Health Management Associates, Inc. (FRA:HMG) » Definitions » Change In Receivables

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Address

Website

http://www.hma-corp.com

Health Management Associates, Inc. was incorporated in Delaware in 1979 but began operations through a subsidiary that was formed in 1977. It became a public company in 1991. As of December 31, 2011, it operated 66 hospitals with a total of 10,330 licensed beds in Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Missouri, North Carolina, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Washington and West Virginia. The Company and its subsidiaries provide health care services to patients in owned and leased facilities located mainly in non-urban communities in the southeastern and southwestern United States. Services provided by its hospitals include general surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care and pediatric services. It also provides outpatient services such as one-day surgery, laboratory, x-ray, respiratory therapy, cardiology and physical therapy. Additionally, some of the Company's hospitals provide specialty services in, among other areas, cardiology e.g., open-heart surgery, etc., neuro-surgery, oncology, radiation therapy, computer-assisted tomography 'CT' scanning, magnetic resonance imaging 'MRI', lithotripsy and full-service obstetrics.The Company's strategy is to deliver health care services and improve patient and physician satisfaction, improve operations of its hospitals, utilize efficient management and acquire strategic hospitals in non-urban communities. In many of the geographic areas where it operates, there are other hospitals that provide services comparable to those offered by its hospitals. The Company is subject to compliance with various federal, state and local environmental laws, rules and regulations, including, but not limited to, the disposal of medical waste generated by its operations.

Health Management Associates, (FRA:HMG) Headlines

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