Wenzhou Kangning Hospital Co (HKSE:02120) Receivables Turnover : 1.61 (As of Dec. 2024)

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What is Wenzhou Kangning Hospital 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. Wenzhou Kangning Hospital Co's Revenue for the six months ended in Dec. 2024 was HK$881 Mil. Wenzhou Kangning Hospital Co's average Accounts Receivable for the six months ended in Dec. 2024 was HK$546 Mil. Hence, Wenzhou Kangning Hospital Co's Receivables Turnover for the six months ended in Dec. 2024 was 1.61.

Wenzhou Kangning Hospital Co Receivables Turnover Historical Data

The historical data trend for Wenzhou Kangning Hospital 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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Wenzhou Kangning Hospital Co Receivables Turnover Chart

Wenzhou Kangning Hospital Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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3.83

4.90

4.10

3.94

3.30

Wenzhou Kangning Hospital Co Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															1.81	1.97	1.99	1.89	1.61

Competitive Comparison of Wenzhou Kangning Hospital Co's Receivables Turnover

For the Medical Care Facilities subindustry, Wenzhou Kangning Hospital 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.

Wenzhou Kangning Hospital Co's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Wenzhou Kangning Hospital Co's Receivables Turnover falls into.

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Wenzhou Kangning Hospital Co Receivables Turnover Calculation

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

Wenzhou Kangning Hospital Co'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 )
=	1766.238	/ (	(459.869	+	610.509)	/	2 )
=	1766.238	/	535.189
=	3.30

Wenzhou Kangning Hospital Co'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: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	881.184	/ (	(482.401	+	610.509)	/	2 )
=	881.184	/	546.455
=	1.61

Wenzhou Kangning Hospital Co (HKSE:02120) 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.

Wenzhou Kangning Hospital Co Receivables Turnover Related Terms

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Wenzhou Kangning Hospital Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Wenzhou Kangning Hospital Co Ltd (HKSE:02120) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Shengjin Road, Huanglong Residential District, Zhejiang, Wenzhou, CHN

Website

http://www.knhosp.cn

Wenzhou Kangning Hospital Co Ltd is engaged in operating and managing a network of healthcare facilities that focus on providing psychiatric specialty care and elderly rehabilitation service across various regions in China. The company operates only in one reporting segment. The Group generates revenue mainly through the following three ways- revenue from operating its owned hospitals; revenue from other healthcare related business; and other revenue not related to healthcare business.

Executives

Kangning Success Holding Limited	2201 Interest of corporation controlled by you
Trident Trust Company (hk) Limited	2301 Trustee
Ubs Group Ag	2201 Interest of corporation controlled by you
Zou Haili	2101 Beneficial owner

Wenzhou Kangning Hospital Co Headlines

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