Asarfi Hospital (BOM:543943) Receivables Turnover : 2.16 (As of Sep. 2023)

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What is Asarfi 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. Asarfi Hospital's Revenue for the six months ended in Sep. 2023 was ₹403.2 Mil. Asarfi Hospital's average Accounts Receivable for the six months ended in Sep. 2023 was ₹186.6 Mil. Hence, Asarfi Hospital's Receivables Turnover for the six months ended in Sep. 2023 was 2.16.

Asarfi Hospital Receivables Turnover Historical Data

The historical data trend for Asarfi 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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Asarfi Hospital Receivables Turnover Chart

Asarfi Hospital Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

25.78

17.57

6.35

Asarfi Hospital Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	-	-	6.66	2.08	2.16

Competitive Comparison of Asarfi Hospital's Receivables Turnover

For the Medical Care Facilities subindustry, Asarfi 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.

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

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

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

Asarfi Hospital Receivables Turnover Calculation

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

Asarfi Hospital's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	707.033	/ (	(53.259	+	169.307)	/	2 )
=	707.033	/	111.283
=	6.35

Asarfi Hospital's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	403.17	/ (	(169.307	+	203.801)	/	2 )
=	403.17	/	186.554
=	2.16

Asarfi Hospital (BOM:543943) 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.

Asarfi Hospital Receivables Turnover Related Terms

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Asarfi Hospital (BOM:543943) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Asarfi Hospital Ltd (BOM:543943) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Bishunpur Polytechnic, Baramuri, 4th floor, Dhanbad, JH, IND, 828130

Website

https://www.asarfihospital.com

Asarfi Hospital Ltd provides healthcare facilities to the people of Jharkhand. It is a is a 250 bedded multi-specialty hospital offering healthcare facilities. The company is committed towards delivering valued healthcare services to patients that include prevention, treatment, and proper rehabilitation.

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