Ping An Healthcare And Technology Co (HKSE:01833) Receivables Turnover : 2.24 (As of Dec. 2023)

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What is Ping An Healthcare And Technology 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. Ping An Healthcare And Technology Co's Revenue for the six months ended in Dec. 2023 was HK$2,681 Mil. Ping An Healthcare And Technology Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$1,195 Mil. Hence, Ping An Healthcare And Technology Co's Receivables Turnover for the six months ended in Dec. 2023 was 2.24.

Ping An Healthcare And Technology Co Receivables Turnover Historical Data

The historical data trend for Ping An Healthcare And Technology 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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Ping An Healthcare And Technology Co Receivables Turnover Chart

Ping An Healthcare And Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.30

8.23

5.69

3.86

3.42

Ping An Healthcare And Technology Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial											2.72	2.02	2.46	1.75	2.24

Competitive Comparison of Ping An Healthcare And Technology Co's Receivables Turnover

For the Health Information Services subindustry, Ping An Healthcare And Technology 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.

Ping An Healthcare And Technology Co's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Ping An Healthcare And Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ping An Healthcare And Technology Co's Receivables Turnover falls into.

Ping An Healthcare And Technology Co Receivables Turnover Calculation

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

Ping An Healthcare And Technology 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 )
=	5111.843	/ (	(1686.614	+	1302.026)	/	2 )
=	5111.843	/	1494.32
=	3.42

Ping An Healthcare And Technology Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	2681.273	/ (	(1088.187	+	1302.026)	/	2 )
=	2681.273	/	1195.1065
=	2.24

Ping An Healthcare And Technology Co (HKSE:01833) 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.

Ping An Healthcare And Technology Co Receivables Turnover Related Terms

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Ping An Healthcare And Technology Co (HKSE:01833) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Ping An Healthcare And Technology Co Ltd (HKSE:01833) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PANHF:USA 1XZ:Germany

Address

No. 166, Kaibin Road, Shanghai Ping An Building, 17th-19th Floor, Block B, Shanghai, CHN

Website

https://www.pagd.net

Ping An Healthcare and Technology is the parent of Ping An Good Doctor, or PAGD, an online platform offering healthcare services in the form of a health maintenance organization, or HMO, model that provides commercial healthcare services and offers healthcare checkup, healthcare management, and corporate reimbursement for a fee. The company leverages the network of health providers from its parent Ping An Group, where it enters into contracts with physicians, hospitals, and specialists to offer their services to HMO participants. Other than commercial healthcare premium services, PAGD offers online consultations and prescription e-commerce online to individuals. The platform has 978 corporate clients and 43 million paying users. PAGD is 38.43% owned by its parent company.

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