HealthCare Global Enterprises (NSE:HCG) Receivables Turnover : 1.57 (As of Dec. 2024)

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What is HealthCare Global Enterprises 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. HealthCare Global Enterprises's Revenue for the three months ended in Dec. 2024 was ₹5,576 Mil. HealthCare Global Enterprises's average Accounts Receivable for the three months ended in Dec. 2024 was ₹3,560 Mil. Hence, HealthCare Global Enterprises's Receivables Turnover for the three months ended in Dec. 2024 was 1.57.

HealthCare Global Enterprises Receivables Turnover Historical Data

The historical data trend for HealthCare Global Enterprises'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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HealthCare Global Enterprises Receivables Turnover Chart

HealthCare Global Enterprises Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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6.31

5.39

6.85

6.45

6.34

HealthCare Global Enterprises 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															1.41	1.62	1.78	1.55	1.57

Competitive Comparison of HealthCare Global Enterprises's Receivables Turnover

For the Medical Care Facilities subindustry, HealthCare Global Enterprises'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.

HealthCare Global Enterprises's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where HealthCare Global Enterprises's Receivables Turnover falls into.

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HealthCare Global Enterprises Receivables Turnover Calculation

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

HealthCare Global Enterprises'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 )
=	18899.08	/ (	(3025.11	+	2940.26)	/	2 )
=	18899.08	/	2982.685
=	6.34

HealthCare Global Enterprises'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 )
=	5575.5	/ (	(3560.2	+	0)	/	1 )
=	5575.5	/	3560.2
=	1.57

HealthCare Global Enterprises (NSE:HCG) 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.

HealthCare Global Enterprises Receivables Turnover Related Terms

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HealthCare Global Enterprises Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » HealthCare Global Enterprises Ltd (NSE:HCG) » Definitions » Receivables Turnover

Traded in Other Exchanges

539787:India

Address

Mission Road, No. 3, Ground Floor, Tower Block, Unity Building Complex, Bengaluru, KA, IND, 560027

Website

https://www.hcgoncology.com

HealthCare Global Enterprises Ltd is an Indian company specializing in cancer care services. The company also operates fertility clinics, and multi-specialty hospitals providing cardiology, neurology, orthopedics, gastroenterology, urology, pulmonary, and critical care services. It operates under the Medical and Healthcare Services segment. The company's offerings include labs, diagnostic centers, robotic surgery, bone marrow transplantation, home health services, liver transplantation, surgical oncology, preventive oncology, and radiation oncology. The majority of the revenue is derived from the medical services offered to patients. The company derives the majority of its revenue from India.