Medical Facilities (Medical Facilities) Receivables Turnover : 1.87 (As of Mar. 2024)

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What is Medical Facilities 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. Medical Facilities's Revenue for the three months ended in Mar. 2024 was $108.3 Mil. Medical Facilities's average Accounts Receivable for the three months ended in Mar. 2024 was $57.9 Mil. Hence, Medical Facilities's Receivables Turnover for the three months ended in Mar. 2024 was 1.87.

Medical Facilities Receivables Turnover Historical Data

The historical data trend for Medical Facilities'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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Medical Facilities Receivables Turnover Chart

Medical Facilities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.95

5.75

6.55

6.77

7.08

Medical Facilities Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.79	1.89	1.89	2.13	1.87

Competitive Comparison of Medical Facilities's Receivables Turnover

For the Medical Care Facilities subindustry, Medical Facilities'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.

Medical Facilities's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Medical Facilities's Receivables Turnover falls into.

Medical Facilities Receivables Turnover Calculation

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

Medical Facilities'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 )
=	445.582	/ (	(64.04	+	61.766)	/	2 )
=	445.582	/	62.903
=	7.08

Medical Facilities's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	108.258	/ (	(61.766	+	54.078)	/	2 )
=	108.258	/	57.922
=	1.87

Medical Facilities (OTCPK:MFCSF) 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.

Medical Facilities Receivables Turnover Related Terms

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Medical Facilities (Medical Facilities) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Medical Facilities Corp (OTCPK:MFCSF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

31F:Germany DR:Canada

Address

4576 Yonge Street, Suite 701, Toronto, ON, CAN, M2N 6N4

Website

https://www.medicalfacilitiescorp.ca

Medical Facilities Corp owns a diverse portfolio of surgical facilities in the United States. Through its wholly-owned subsidiaries, the company owns controlling interests in four specialty hospitals and six ambulatory surgery centers. The hospitals offer a range of non-emergency surgical, imaging, diagnostic and pain management procedures, and other ancillary services. Its key revenue source is from the facility service income. The corporation's operations are based in the United States.

Medical Facilities (Medical Facilities) Headlines

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