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. P3 Health Partners's Revenue for the
three
months ended in Sep. 2024 was $362 Mil. P3 Health Partners's average Accounts Receivable for the
three
months ended in Sep. 2024 was $138 Mil.
Hence, P3 Health Partners's Receivables Turnover for the
three
months ended in Sep. 2024 was 2.62.
P3 Health Partners Receivables Turnover Historical Data
The historical data trend for P3 Health Partners'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.
Competitive Comparison of P3 Health Partners's Receivables Turnover
For the Medical Care Facilities subindustry, P3 Health Partners'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.
P3 Health Partners's Receivables Turnover Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, P3 Health Partners's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where P3 Health Partners's Receivables Turnover falls into.
P3 Health Partners Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
P3 Health Partners's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
P3 Health Partners (NAS:PIII) 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.
P3 Health Partners Receivables Turnover Related Terms
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P3 Health Partners Inc is a patient-centered and physician-led population health management company. P3's model aggregates and supports the community's existing healthcare resources to build a network of community providers working together to deliver coordinated and integrated care to patients with a shared commitment to improving patient outcomes, lowering cost, and delivering experience for all.
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