HealthBeacon (DUB:HBCN) Receivables Turnover : 1.35 (As of Dec. 2022)

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What is HealthBeacon 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. HealthBeacon's Revenue for the six months ended in Dec. 2022 was €1.38 Mil. HealthBeacon's average Accounts Receivable for the six months ended in Dec. 2022 was €1.02 Mil. Hence, HealthBeacon's Receivables Turnover for the six months ended in Dec. 2022 was 1.35.

HealthBeacon Receivables Turnover Historical Data

The historical data trend for HealthBeacon'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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HealthBeacon Receivables Turnover Chart

HealthBeacon Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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5.52

4.90

3.51

2.79

1.76

HealthBeacon Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Receivables Turnover	Get a 7-Day Free Trial			1.36	1.70	2.25	0.91	1.35

Competitive Comparison of HealthBeacon's Receivables Turnover

For the Health Information Services subindustry, HealthBeacon'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.

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

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

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

HealthBeacon Receivables Turnover Calculation

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

HealthBeacon's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	2.25	/ (	(1.213	+	1.35)	/	2 )
=	2.25	/	1.2815
=	1.76

HealthBeacon's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Jun. 2022 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	1.383	/ (	(0.697	+	1.35)	/	2 )
=	1.383	/	1.0235
=	1.35

HealthBeacon (DUB:HBCN) 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.

HealthBeacon Receivables Turnover Related Terms

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HealthBeacon (DUB:HBCN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » HealthBeacon PLC (DUB:HBCN) » Definitions » Receivables Turnover

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Address

Naas Road, Muirfield Drive, Unit 20, Naas Road Business Park, Dublin, IRL, D12WD85

Website

https://www.healthbeacon.com

HealthBeacon PLC is a digital therapeutics company that develops products for managing injectable medications for patients in the home. Its Injection Care Management System tracks adherence and persistence with medication schedules through the provision of medication management reminders, safe and sustainable sharps disposal devices, educational tools, and artificial intelligence-driven data analytics. It has three operating segments: Direct-to-Consumer, Patient safety Hub and Patient Support Programmes. The company generates the majority of revenue from the DTC segment.

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