Radius Residential Care (NZSE:RAD) Receivables Turnover : 5.69 (As of Sep. 2023)

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What is Radius Residential Care 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. Radius Residential Care's Revenue for the six months ended in Sep. 2023 was NZ$76.4 Mil. Radius Residential Care's average Accounts Receivable for the six months ended in Sep. 2023 was NZ$13.4 Mil. Hence, Radius Residential Care's Receivables Turnover for the six months ended in Sep. 2023 was 5.69.

Radius Residential Care Receivables Turnover Historical Data

The historical data trend for Radius Residential Care'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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Radius Residential Care Receivables Turnover Chart

Radius Residential Care Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

17.61

16.57

13.16

Radius Residential Care Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial			7.39	7.01	5.91	5.65	5.69

Competitive Comparison of Radius Residential Care's Receivables Turnover

For the Medical Care Facilities subindustry, Radius Residential Care'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.

Radius Residential Care's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Radius Residential Care's Receivables Turnover falls into.

Radius Residential Care Receivables Turnover Calculation

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

Radius Residential Care'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 )
=	146.268	/ (	(9.151	+	13.071)	/	2 )
=	146.268	/	11.111
=	13.16

Radius Residential Care's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	76.361	/ (	(13.071	+	13.77)	/	2 )
=	76.361	/	13.4205
=	5.69

Radius Residential Care (NZSE:RAD) 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.

Radius Residential Care Receivables Turnover Related Terms

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Radius Residential Care (NZSE:RAD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Radius Residential Care Ltd (NZSE:RAD) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

56 Parnell Road, Level 4, Parnell, Auckland, NTL, NZL, 1052

Website

https://www.radiuscare.co.nz

Radius Residential Care Ltd is a health and aged care provider for elderly and disabled people. The company provides residential care, hospital care, dementia care, respite care, and palliative care. The Company operates in one operating segment being the provision of aged care in New Zealand. Also, the company provides Young Disabled Care services, for those under 65 who require assistance with self-care, mobility and/or communication.

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