Jupiter Life Line Hospitals (NSE:JLHL) Receivables Turnover : 5.08 (As of Mar. 2024)

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What is Jupiter Life Line Hospitals 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. Jupiter Life Line Hospitals's Revenue for the three months ended in Mar. 2024 was ₹2,905 Mil. Jupiter Life Line Hospitals's average Accounts Receivable for the three months ended in Mar. 2024 was ₹572 Mil. Hence, Jupiter Life Line Hospitals's Receivables Turnover for the three months ended in Mar. 2024 was 5.08.

Jupiter Life Line Hospitals Receivables Turnover Historical Data

The historical data trend for Jupiter Life Line Hospitals'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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Jupiter Life Line Hospitals Receivables Turnover Chart

Jupiter Life Line Hospitals Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

22.26

29.50

24.27

Jupiter Life Line Hospitals Quarterly Data
	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial					5.30	5.32	4.63	4.80	5.08

Competitive Comparison of Jupiter Life Line Hospitals's Receivables Turnover

For the Medical Care Facilities subindustry, Jupiter Life Line Hospitals'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.

Jupiter Life Line Hospitals's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Jupiter Life Line Hospitals's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jupiter Life Line Hospitals's Receivables Turnover falls into.

Jupiter Life Line Hospitals Receivables Turnover Calculation

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

Jupiter Life Line Hospitals's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	8925.43	/ (	(278.68	+	456.88)	/	2 )
=	8925.43	/	367.78
=	24.27

Jupiter Life Line Hospitals'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 )
=	2904.89	/ (	(0	+	572.13)	/	1 )
=	2904.89	/	572.13
=	5.08

Jupiter Life Line Hospitals (NSE:JLHL) 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.

Jupiter Life Line Hospitals Receivables Turnover Related Terms

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Jupiter Life Line Hospitals (NSE:JLHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Jupiter Life Line Hospitals Ltd (NSE:JLHL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

543980:India

Address

Eastern Express Highway, Service Rd, Next To Viviana Mall, Thane west, Thane, MH, IND, 400601

Website

https://www.jupiterhospital.com

Jupiter Life Line Hospitals Ltd is a key multi-specialty tertiary and quaternary healthcare provider. The Company operates in one business and geographical segment which is healthcare services in India. The Hospital revenue comprises primarily of fees charged for inpatient and outpatient hospital services and other hospital services. Services include charges for accommodation, operation theatre, medical professional services, equipment, radiology, laboratory and pharmaceutical goods used.

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