First Choice Healthcare Solutions (First Choice Healthcare Solutions) Receivables Turnover : 0.08 (As of Mar. 2024)

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What is First Choice Healthcare Solutions 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. First Choice Healthcare Solutions's Revenue for the three months ended in Mar. 2024 was $0.01 Mil. First Choice Healthcare Solutions's average Accounts Receivable for the three months ended in Mar. 2024 was $0.09 Mil. Hence, First Choice Healthcare Solutions's Receivables Turnover for the three months ended in Mar. 2024 was 0.08.

First Choice Healthcare Solutions Receivables Turnover Historical Data

The historical data trend for First Choice Healthcare Solutions'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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First Choice Healthcare Solutions Receivables Turnover Chart

First Choice Healthcare Solutions Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec22

Dec23

Receivables Turnover

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4.63

3.65

3.15

0.24

0.15

First Choice Healthcare Solutions Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec22	Mar23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.90	-	-	-	0.08

Competitive Comparison of First Choice Healthcare Solutions's Receivables Turnover

For the Medical Care Facilities subindustry, First Choice Healthcare Solutions'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.

First Choice Healthcare Solutions's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where First Choice Healthcare Solutions's Receivables Turnover falls into.

First Choice Healthcare Solutions Receivables Turnover Calculation

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

First Choice Healthcare Solutions's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	0.03	/ (	(0.305	+	0.092)	/	2 )
=	0.03	/	0.1985
=	0.15

First Choice Healthcare Solutions's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	0.007	/ (	(0.092	+	0.088)	/	2 )
=	0.007	/	0.09
=	0.08

First Choice Healthcare Solutions (OTCPK:FCHS) 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.

First Choice Healthcare Solutions Receivables Turnover Related Terms

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First Choice Healthcare Solutions (First Choice Healthcare Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » First Choice Healthcare Solutions Inc (OTCPK:FCHS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

95 Bulldog Boulevard, Suite 202, Melbourne, FL, USA, 32901

Website

https://www.myfchs.com

First Choice Healthcare Solutions Inc is engaged in implementing a defined growth strategy aimed at building a network of localized, integrated healthcare services platforms comprised of primary care using doctors, nurse practitioners, health and well services (anti-aging, weight management and stem cells), rehabilitative therapy, pain management, and pharmacy- services. in markets throughout the U.S.

Executives

Gary Pickett	officer: Chief Financial Officer	9958 LAKE SEMINOLE DR. W., LARGO FL 33773
Michael J. West	other: Former Officer and Owner	16325 EAST DORADO AVE., CENTENNIAL CO 80111
Stephen H. West	director, officer: Secretary	16325 EAST DORADO AVE., CENTENNIAL CO 80111