Third Age Health Services (NZSE:TAH) Receivables Turnover : 6.14 (As of Mar. 2024)

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What is Third Age Health Services 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. Third Age Health Services's Revenue for the six months ended in Mar. 2024 was NZ$7.81 Mil. Third Age Health Services's average Accounts Receivable for the six months ended in Mar. 2024 was NZ$1.27 Mil. Hence, Third Age Health Services's Receivables Turnover for the six months ended in Mar. 2024 was 6.14.

Third Age Health Services Receivables Turnover Historical Data

The historical data trend for Third Age Health Services'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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Third Age Health Services Receivables Turnover Chart

Third Age Health Services Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

17.48

17.96

17.69

14.44

Third Age Health Services Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial			8.45	7.76	7.54	6.39	6.14

Competitive Comparison of Third Age Health Services's Receivables Turnover

For the Medical Care Facilities subindustry, Third Age Health Services'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.

Third Age Health Services's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Third Age Health Services's Receivables Turnover falls into.

Third Age Health Services Receivables Turnover Calculation

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

Third Age Health Services'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 )
=	15.151	/ (	(0.925	+	1.173)	/	2 )
=	15.151	/	1.049
=	14.44

Third Age Health Services'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 )
=	7.81	/ (	(1.371	+	1.173)	/	2 )
=	7.81	/	1.272
=	6.14

Third Age Health Services (NZSE:TAH) 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.

Third Age Health Services Receivables Turnover Related Terms

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Third Age Health Services (NZSE:TAH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Third Age Health Services Ltd (NZSE:TAH) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

536 Kennedy Road, Greenmeadows, Napier, NZL, 4112

Website

https://www.thirdagehealth.co.nz

Third Age Health Services Ltd is engaged in providing health care services to older adults residing in Aged Residential Care. Its services include 24/7 access to a doctor, Regular, scheduled rounds by a Practitioner, and Guaranteed locum cover.