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Kovai Medical Center & Hospital (BOM:523323) Receivables Turnover : 25.13 (As of Jun. 2024)


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What is Kovai Medical Center & Hospital 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. Kovai Medical Center & Hospital's Revenue for the three months ended in Jun. 2024 was ₹3,148 Mil. Kovai Medical Center & Hospital's average Accounts Receivable for the three months ended in Jun. 2024 was ₹125 Mil. Hence, Kovai Medical Center & Hospital's Receivables Turnover for the three months ended in Jun. 2024 was 25.13.


Kovai Medical Center & Hospital Receivables Turnover Historical Data

The historical data trend for Kovai Medical Center & Hospital'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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Kovai Medical Center & Hospital Receivables Turnover Chart

Kovai Medical Center & Hospital Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 75.56 70.42 67.90 58.38 77.54

Kovai Medical Center & Hospital Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.40 12.06 12.79 18.87 25.13

Competitive Comparison of Kovai Medical Center & Hospital's Receivables Turnover

For the Medical Care Facilities subindustry, Kovai Medical Center & Hospital'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.


Kovai Medical Center & Hospital's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Kovai Medical Center & Hospital's Receivables Turnover falls into.



Kovai Medical Center & Hospital Receivables Turnover Calculation

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

Kovai Medical Center & Hospital's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Receivables Turnover (A: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2024 ) / ((Accounts Receivable (A: Mar. 2023 ) + Accounts Receivable (A: Mar. 2024 )) / count )
=11338.407 / ((167.211 + 125.227) / 2 )
=11338.407 / 146.219
=77.54

Kovai Medical Center & Hospital's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=3147.525 / ((125.227 + 0) / 1 )
=3147.525 / 125.227
=25.13

* 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.


Kovai Medical Center & Hospital  (BOM:523323) 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.


Kovai Medical Center & Hospital Receivables Turnover Related Terms

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Kovai Medical Center & Hospital Business Description

Traded in Other Exchanges
N/A
Address
No. 99, Avanashi Road, Post Box No. 3209, Coimbatore, TN, IND, 641 014
Kovai Medical Center & Hospital Ltd provides hospital services to inpatients and outpatients. The company's operating segments include Healthcare Services and Education Services. It generates maximum revenue from the Healthcare segment. The company operates various medical facilities, which provide services related to critical care medicine, dermatology, emergency, Endocrinology and Diabetology, fertility and reproductive medicine, gastroenterology, neonatology, nephrology, neurology, obstetrics and gynecology, pediatric surgery, pulmonology, psychological medicine, and rheumatology, as well as health check programs and pediatrics.

Kovai Medical Center & Hospital Headlines

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