Nonthavej Hospital PCL (BKK:NTV-F) Receivables Turnover : 2.97 (As of Dec. 2023)

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What is Nonthavej Hospital PCL 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. Nonthavej Hospital PCL's Revenue for the three months ended in Dec. 2023 was ฿642 Mil. Nonthavej Hospital PCL's average Accounts Receivable for the three months ended in Dec. 2023 was ฿216 Mil. Hence, Nonthavej Hospital PCL's Receivables Turnover for the three months ended in Dec. 2023 was 2.97.

Nonthavej Hospital PCL Receivables Turnover Historical Data

The historical data trend for Nonthavej Hospital PCL'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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Nonthavej Hospital PCL Receivables Turnover Chart

Nonthavej Hospital PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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13.59

10.91

10.33

11.65

11.46

Nonthavej Hospital PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															3.08	2.92	3.38	3.11	2.97

Competitive Comparison of Nonthavej Hospital PCL's Receivables Turnover

For the Medical Care Facilities subindustry, Nonthavej Hospital PCL'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.

Nonthavej Hospital PCL's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Nonthavej Hospital PCL's Receivables Turnover falls into.

Nonthavej Hospital PCL Receivables Turnover Calculation

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

Nonthavej Hospital PCL'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 )
=	2471.548	/ (	(212.871	+	218.338)	/	2 )
=	2471.548	/	215.6045
=	11.46

Nonthavej Hospital PCL's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	642.49	/ (	(213.798	+	218.338)	/	2 )
=	642.49	/	216.068
=	2.97

Nonthavej Hospital PCL (BKK:NTV-F) 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.

Nonthavej Hospital PCL Receivables Turnover Related Terms

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Nonthavej Hospital PCL (BKK:NTV-F) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Nonthavej Hospital PCL (BKK:NTV-F) » Definitions » Receivables Turnover

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Traded in Other Exchanges

NTV:Thailand

Address

432, Ngamvongwan Road, Tambol Bangkhen, Amphur Muangnonthaburi, Nonthaburi, THA, 11000

Website

https://www.nonthavej.co.th

Nonthavej Hospital PCL is a Thailand based company operating in the medical treatment activity. It offers medical services through its own general hospital. It offers various medical services including full inpatient and outpatient medical services, ambulance services, internal and external health checkup services, dental, respiratory, physical therapy, laboratory, skin and cosmetic surgery, diabetes, orthopedic, nutrition, among others. The Company is engaged in the business of medical treatment in one geographical area, Thailand. The revenues from hospital operations mainly consist medical fees, hospital room sales and medicine sales.

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