Thai Nakarin Hospital PCL (BKK:TNH) Receivables Turnover : 3.30 (As of Oct. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Thai Nakarin 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. Thai Nakarin Hospital PCL's Revenue for the three months ended in Oct. 2023 was ฿696 Mil. Thai Nakarin Hospital PCL's average Accounts Receivable for the three months ended in Oct. 2023 was ฿211 Mil. Hence, Thai Nakarin Hospital PCL's Receivables Turnover for the three months ended in Oct. 2023 was 3.30.

Thai Nakarin Hospital PCL Receivables Turnover Historical Data

The historical data trend for Thai Nakarin 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.

* Premium members only.

Thai Nakarin Hospital PCL Receivables Turnover Chart

Thai Nakarin Hospital PCL Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Receivables Turnover

Get a 7-Day Free Trial

16.33

15.71

11.09

8.53

8.59

Thai Nakarin Hospital PCL Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Receivables Turnover	Get a 7-Day Free Trial															1.90	2.22	2.50	3.05	3.30

Competitive Comparison of Thai Nakarin Hospital PCL's Receivables Turnover

For the Medical Care Facilities subindustry, Thai Nakarin 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.

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

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

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

Thai Nakarin Hospital PCL Receivables Turnover Calculation

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

Thai Nakarin Hospital PCL's Receivables Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Receivables Turnover (A: Jul. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2023 )	/ (	(Accounts Receivable (A: Jul. 2022 )	+	Accounts Receivable (A: Jul. 2023 ))	/	count )
=	2391.98	/ (	(352.568	+	204.472)	/	2 )
=	2391.98	/	278.52
=	8.59

Thai Nakarin Hospital PCL's Receivables Turnover for the quarter that ended in Oct. 2023 is calculated as

	Receivables Turnover (Q: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Oct. 2023 )	/ (	(Accounts Receivable (Q: Jul. 2023 )	+	Accounts Receivable (Q: Oct. 2023 ))	/	count )
=	695.989	/ (	(204.472	+	217.231)	/	2 )
=	695.989	/	210.8515
=	3.30

Thai Nakarin Hospital PCL (BKK:TNH) 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.

Thai Nakarin Hospital PCL Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Thai Nakarin Hospital PCL's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Thai Nakarin Hospital PCL (BKK:TNH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Thai Nakarin Hospital PCL (BKK:TNH) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 345 Debaratna Road, km.3.5 Bangna Nuea, Bangna, Bangkok, THA, 10260

Website

https://www.thainakarin.co.th

Thai Nakarin Hospital PCL is engaged in operating hospital in Thailand. It provides inpatient and outpatient services, and medical services. The company's operating units consists of an emergency department, X-ray unit, pharmacy department, physical therapy department, laboratory department and others.