Hygeia Healthcare Holdings Co (FRA:50I) Receivables Turnover : 2.61 (As of Jun. 2024)

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What is Hygeia Healthcare Holdings Co 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. Hygeia Healthcare Holdings Co's Revenue for the six months ended in Jun. 2024 was €305.0 Mil. Hygeia Healthcare Holdings Co's average Accounts Receivable for the six months ended in Jun. 2024 was €116.7 Mil. Hence, Hygeia Healthcare Holdings Co's Receivables Turnover for the six months ended in Jun. 2024 was 2.61.

Hygeia Healthcare Holdings Co Receivables Turnover Historical Data

The historical data trend for Hygeia Healthcare Holdings Co'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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Hygeia Healthcare Holdings Co Receivables Turnover Chart

Hygeia Healthcare Holdings Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.21

6.08

6.84

6.08

5.47

Hygeia Healthcare Holdings Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial								3.04	2.81	2.78	3.08	2.61

Competitive Comparison of Hygeia Healthcare Holdings Co's Receivables Turnover

For the Medical Care Facilities subindustry, Hygeia Healthcare Holdings Co'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.

Hygeia Healthcare Holdings Co's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Hygeia Healthcare Holdings Co's Receivables Turnover falls into.

Hygeia Healthcare Holdings Co Receivables Turnover Calculation

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

Hygeia Healthcare Holdings Co'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 )
=	523.559	/ (	(80.513	+	110.958)	/	2 )
=	523.559	/	95.7355
=	5.47

Hygeia Healthcare Holdings Co'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: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	305.011	/ (	(110.958	+	122.4)	/	2 )
=	305.011	/	116.679
=	2.61

Hygeia Healthcare Holdings Co (FRA:50I) 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.

Hygeia Healthcare Holdings Co Receivables Turnover Related Terms

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Hygeia Healthcare Holdings Co Business Description

Industry

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Traded in Other Exchanges

06078:Hong Kong 50I:Germany

Address

No. 228 Meiyuan Road, Enterprise Square, Suites 702-707, Jing’an District, Shanghai, CHN

Website

https://www.hygeia-group.com.cn

Hygeia Healthcare Holdings Co Ltd is an oncology healthcare group in China. The company operates in two segments, namely Hospital Business, and Other Business. The company generates revenues by operating private for-profit hospitals it owns and provides a wide range of oncology healthcare services and other healthcare services; licensing of its proprietary SRT equipment, and provision of maintenance and technical support services with its proprietary SRT equipment; and managing and operating, and receiving management fees from, private not-for-profit hospitals in which it holds organizer's interest. All of its revenues come from China.

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