EMIS Group (LSE:EMIS) Receivables Turnover : 2.47 (As of Jun. 2023)

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What is EMIS Group 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. EMIS Group's Revenue for the six months ended in Jun. 2023 was £88.8 Mil. EMIS Group's average Accounts Receivable for the six months ended in Jun. 2023 was £35.9 Mil. Hence, EMIS Group's Receivables Turnover for the six months ended in Jun. 2023 was 2.47.

EMIS Group Receivables Turnover Historical Data

The historical data trend for EMIS Group'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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EMIS Group Receivables Turnover Chart

EMIS Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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7.80

8.47

9.27

9.74

8.99

EMIS Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial															2.70	2.67	2.84	2.74	2.47

Competitive Comparison of EMIS Group's Receivables Turnover

For the Health Information Services subindustry, EMIS Group'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.

EMIS Group's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where EMIS Group's Receivables Turnover falls into.

EMIS Group Receivables Turnover Calculation

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

EMIS Group's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	175.373	/ (	(18.108	+	20.922)	/	2 )
=	175.373	/	19.515
=	8.99

EMIS Group's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	88.759	/ (	(20.922	+	50.846)	/	2 )
=	88.759	/	35.884
=	2.47

EMIS Group (LSE:EMIS) 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.

EMIS Group Receivables Turnover Related Terms

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EMIS Group (LSE:EMIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » EMIS Group PLC (LSE:EMIS) » Definitions » Receivables Turnover

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Address

Micklefield Lane, Fulford Grange, Rawdon, Leeds, GBR, LS19 6BA

Website

https://www.emisgroupplc.com

EMIS Group PLC provides healthcare software and information technology services in the UK. The firm receives revenue from software licenses, hosting services, installation, training, and other support services. The company's main segments are Primary, Community and Acute Care, Community Pharmacy, and Patient. EMIS Group's community pharmacy software manages the dispensing process and keeps track of patient records and inventory.