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Induction Healthcare Group (LSE:INHC) Receivables Turnover : 2.34 (As of Sep. 2024)


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What is Induction Healthcare 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. Induction Healthcare Group's Revenue for the six months ended in Sep. 2024 was £5.19 Mil. Induction Healthcare Group's average Accounts Receivable for the six months ended in Sep. 2024 was £2.22 Mil. Hence, Induction Healthcare Group's Receivables Turnover for the six months ended in Sep. 2024 was 2.34.


Induction Healthcare Group Receivables Turnover Historical Data

The historical data trend for Induction Healthcare 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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Induction Healthcare Group Receivables Turnover Chart

Induction Healthcare Group Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial 1.85 3.39 3.99 5.19 4.89

Induction Healthcare Group Semi-Annual Data
Sep18 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.46 2.33 3.33 2.99 2.34

Competitive Comparison of Induction Healthcare Group's Receivables Turnover

For the Health Information Services subindustry, Induction Healthcare 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.


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

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

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



Induction Healthcare Group Receivables Turnover Calculation

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

Induction Healthcare Group's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Receivables Turnover (A: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2024 ) / ((Accounts Receivable (A: Mar. 2023 ) + Accounts Receivable (A: Mar. 2024 )) / count )
=13.648 / ((2.069 + 3.51) / 2 )
=13.648 / 2.7895
=4.89

Induction Healthcare Group's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=5.189 / ((3.51 + 0.93) / 2 )
=5.189 / 2.22
=2.34

* 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.


Induction Healthcare Group  (LSE:INHC) 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.


Induction Healthcare Group Receivables Turnover Related Terms

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Induction Healthcare Group Business Description

Traded in Other Exchanges
N/A
Address
C/o Pinsent Masons, 30 Crown Place, Earl Street, London, GBR, EC2A 4ES
Induction Healthcare Group PLC is a healthcare technology company focused on streamlining the delivery of care by Healthcare Professionals. The company's mobile application module Induction Switch is an app that provides a directory allowing Healthcare Professionals to find extension numbers, messaging, and administration portals to share and view hospital guidelines. The company's products power remote consultations, capture patient-reported data and empower patients to self-manage their care pathway. Geographically, it operates in the United Kingdom, Europe, the United States and the Rest of the world, out of which the majority of revenue is derived from the United Kingdom.

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