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Garofalo Health Care SpA (MIL:GHC) Receivables Turnover : 1.16 (As of Dec. 2024)


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What is Garofalo Health Care SpA 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. Garofalo Health Care SpA's Revenue for the three months ended in Dec. 2024 was €123.4 Mil. Garofalo Health Care SpA's average Accounts Receivable for the three months ended in Dec. 2024 was €106.2 Mil. Hence, Garofalo Health Care SpA's Receivables Turnover for the three months ended in Dec. 2024 was 1.16.


Garofalo Health Care SpA Receivables Turnover Historical Data

The historical data trend for Garofalo Health Care SpA'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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Garofalo Health Care SpA Receivables Turnover Chart

Garofalo Health Care SpA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.63 4.16 4.23 4.13 4.40

Garofalo Health Care SpA Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.25 1.12 0.99 0.91 1.16

Competitive Comparison of Garofalo Health Care SpA's Receivables Turnover

For the Medical Care Facilities subindustry, Garofalo Health Care SpA'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.


Garofalo Health Care SpA's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Garofalo Health Care SpA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Garofalo Health Care SpA's Receivables Turnover falls into.


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Garofalo Health Care SpA Receivables Turnover Calculation

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

Garofalo Health Care SpA'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 )
=470.706 / ((100.994 + 112.842) / 2 )
=470.706 / 106.918
=4.40

Garofalo Health Care SpA'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: Sep. 2024 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=123.377 / ((99.56 + 112.842) / 2 )
=123.377 / 106.201
=1.16

* 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.


Garofalo Health Care SpA  (MIL:GHC) 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.


Garofalo Health Care SpA Receivables Turnover Related Terms

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Garofalo Health Care SpA Business Description

Traded in Other Exchanges
N/A
Address
Piazzale Belle Arti, 6, Rome, ITA, 00196
Garofalo Health Care SpA operates accredited private healthcare facilities and is based in Rome. The company offers outpatient services and other range of services including surgery, emergency medicine, clinical, interventional cardiology, nutritional rehabilitation, and diagnostic centers among others.