Precheck Health Service (Precheck Health Service) Receivables Turnover : 1.67 (As of Sep. 2019)

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What is Precheck Health Service 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. Precheck Health Service's Revenue for the three months ended in Sep. 2019 was $0.07 Mil. Precheck Health Service's average Accounts Receivable for the three months ended in Sep. 2019 was $0.04 Mil. Hence, Precheck Health Service's Receivables Turnover for the three months ended in Sep. 2019 was 1.67.

Precheck Health Service Receivables Turnover Historical Data

The historical data trend for Precheck Health Service'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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Precheck Health Service Receivables Turnover Chart

Precheck Health Service Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Receivables Turnover

Precheck Health Service Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Receivables Turnover	Get a 7-Day Free Trial													-	-	2.00	0.24	1.67

Competitive Comparison of Precheck Health Service's Receivables Turnover

For the Medical Devices subindustry, Precheck Health Service'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.

Precheck Health Service's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Precheck Health Service's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Precheck Health Service's Receivables Turnover falls into.

Precheck Health Service Receivables Turnover Calculation

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

Precheck Health Service's Receivables Turnover for the fiscal year that ended in Dec. 2018 is calculated as

	Receivables Turnover (A: Dec. 2018 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2018 )	/ (	(Accounts Receivable (A: Dec. 2017 )	+	Accounts Receivable (A: Dec. 2018 ))	/	count )
=	0.07	/ (	(0	+	0)	/	1 )
=	0.07	/	0
=	N/A

Precheck Health Service's Receivables Turnover for the quarter that ended in Sep. 2019 is calculated as

	Receivables Turnover (Q: Sep. 2019 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2019 )	/ (	(Accounts Receivable (Q: Jun. 2019 )	+	Accounts Receivable (Q: Sep. 2019 ))	/	count )
=	0.065	/ (	(0.038	+	0.04)	/	2 )
=	0.065	/	0.039
=	1.67

Precheck Health Service (GREY:HLTY) 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.

Precheck Health Service Receivables Turnover Related Terms

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