BTSG (BrightSpring Health Services) Receivables Turnover : 2.97 (As of Dec. 2024)

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What is BrightSpring Health Services 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. BrightSpring Health Services's Revenue for the three months ended in Dec. 2024 was $3,053 Mil. BrightSpring Health Services's average Accounts Receivable for the three months ended in Dec. 2024 was $1,027 Mil. Hence, BrightSpring Health Services's Receivables Turnover for the three months ended in Dec. 2024 was 2.97.

BrightSpring Health Services Receivables Turnover Historical Data

The historical data trend for BrightSpring Health Services'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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BrightSpring Health Services Receivables Turnover Chart

BrightSpring Health Services Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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9.36

9.88

10.25

10.65

11.80

BrightSpring Health Services Quarterly Data
	Dec19	Sep20	Dec20	Jun21	Sep21	Dec21	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial											2.70	2.75	2.76	2.89	2.97

Competitive Comparison of BrightSpring Health Services's Receivables Turnover

For the Health Information Services subindustry, BrightSpring Health Services'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.

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

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

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

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BrightSpring Health Services Receivables Turnover Calculation

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

BrightSpring Health Services's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	11266.472	/ (	(881.627	+	1028.654)	/	2 )
=	11266.472	/	955.1405
=	11.80

BrightSpring Health Services's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	3052.801	/ (	(1025.711	+	1028.654)	/	2 )
=	3052.801	/	1027.1825
=	2.97

BrightSpring Health Services (NAS:BTSG) 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.

BrightSpring Health Services Receivables Turnover Related Terms

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BrightSpring Health Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » BrightSpring Health Services Inc (NAS:BTSG) » Definitions » Receivables Turnover

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Address

805 N. Whittington Parkway, Louisville, KY, USA, 40222

Website

https://www.brightspringhealth.com

BrightSpring Health Services Inc is a home and community-based healthcare services platform, focused on delivering complementary pharmacy and provider services to complex patients. Its platform delivers clinical services and pharmacy solutions across Medicare, Medicaid, and commercially insured populations. Its segments include Pharmacy Solutions, Provider Services and others. It generates the majority of its revenue from the Pharmacy Solutions segment.