Sangani Hospitals (NSE:SANGANI) Receivables Turnover : 2.49 (As of Mar. 2024)

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What is Sangani 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. Sangani Hospitals's Revenue for the six months ended in Mar. 2024 was ₹76.7 Mil. Sangani Hospitals's average Accounts Receivable for the six months ended in Mar. 2024 was ₹30.8 Mil. Hence, Sangani Hospitals's Receivables Turnover for the six months ended in Mar. 2024 was 2.49.

Sangani Hospitals Receivables Turnover Historical Data

The historical data trend for Sangani 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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Sangani Hospitals Receivables Turnover Chart

Sangani Hospitals Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

56.01

53.99

6.02

5.53

6.80

Sangani Hospitals Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial			-	1.77	4.16	2.56	2.49

Competitive Comparison of Sangani Hospitals's Receivables Turnover

For the Medical Care Facilities subindustry, Sangani 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.

Sangani Hospitals's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Sangani Hospitals's Receivables Turnover falls into.

Sangani Hospitals Receivables Turnover Calculation

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

Sangani Hospitals'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 )
=	156.762	/ (	(23.577	+	22.517)	/	2 )
=	156.762	/	23.047
=	6.80

Sangani 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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	76.693	/ (	(39.092	+	22.517)	/	2 )
=	76.693	/	30.8045
=	2.49

Sangani Hospitals (NSE:SANGANI) 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.

Sangani Hospitals Receivables Turnover Related Terms

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Sangani Hospitals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Sangani Hospitals Ltd (NSE:SANGANI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sainath Society, Opp. S. T, Village Keshod, Junagadh, GJ, IND, 362220

Website

https://www.sanganihospitals.com

Sangani Hospitals Ltd is a multi-specialty healthcare provider operating in the Keshod and Veraval regions of Gujarat with a combined bed capacity of 68 beds. Its services predominantly includes super specialty services, specialty services and other support services. It also operates a pathology laboratory and medical store. Currently, It operates out of two hospitals i.e. Sangani Hospital at Keshod, Junagadh, Gujarat and Sangani Super Speciality Hospital, Veraval, Gujarat. Sangani Hospital is 36 beds multi-specialty hospital with primary, secondary and tertiary care facilities.

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