Estia Health (ASX:EHE) Receivables Turnover : 40.80 (As of Jun. 2023)

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What is Estia Health 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. Estia Health's Revenue for the six months ended in Jun. 2023 was A$395.1 Mil. Estia Health's average Accounts Receivable for the six months ended in Jun. 2023 was A$9.7 Mil. Hence, Estia Health's Receivables Turnover for the six months ended in Jun. 2023 was 40.80.

Estia Health Receivables Turnover Historical Data

The historical data trend for Estia Health'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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Estia Health Receivables Turnover Chart

Estia Health Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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77.74

76.56

84.15

100.51

109.57

Estia Health Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial													16.91	41.90	40.86	38.27	40.80

Competitive Comparison of Estia Health's Receivables Turnover

For the Medical Care Facilities subindustry, Estia Health'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.

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

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

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

Estia Health Receivables Turnover Calculation

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

Estia Health's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	754.298	/ (	(6.586	+	7.182)	/	2 )
=	754.298	/	6.884
=	109.57

Estia Health's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	395.113	/ (	(12.185	+	7.182)	/	2 )
=	395.113	/	9.6835
=	40.80

Estia Health (ASX:EHE) 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.

Estia Health Receivables Turnover Related Terms

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Estia Health (ASX:EHE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Estia Health Ltd (ASX:EHE) » Definitions » Receivables Turnover

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Address

227 Elizabeth Street, Level 9, Sydney, NSW, AUS, 2000

Website

https://www.estiahealth.com.au

Estia Health Ltd operates residential aged care facilities in Australia. The company conducts its business through regional networks of facilities located in Victoria, South Australia, New South Wales, and Queensland. Estia's facilities provide clinical care services, daily living services, and accommodations to its residents. Its clinical care services include 24-hour nursing care, personal care, wound management, administering pharmaceuticals, physiotherapy and occupational therapy, and arranging visits from external medical practitioners. Funding from the Australian government contributes the majority of Estia's revenue.

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