Medinex (SGX:OTX) Receivables Turnover : 3.45 (As of Sep. 2024)

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What is Medinex 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. Medinex's Revenue for the six months ended in Sep. 2024 was S$6.27 Mil. Medinex's average Accounts Receivable for the six months ended in Sep. 2024 was S$1.82 Mil. Hence, Medinex's Receivables Turnover for the six months ended in Sep. 2024 was 3.45.

Medinex Receivables Turnover Historical Data

The historical data trend for Medinex'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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Medinex Receivables Turnover Chart

Medinex Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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9.41

6.97

6.07

6.41

6.53

Medinex Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial										3.60	3.59	3.10	3.60	3.45

Competitive Comparison of Medinex's Receivables Turnover

For the Medical Care Facilities subindustry, Medinex'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.

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

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

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

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Medinex Receivables Turnover Calculation

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

Medinex'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 )
=	12.585	/ (	(2.027	+	1.827)	/	2 )
=	12.585	/	1.927
=	6.53

Medinex's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	6.269	/ (	(1.827	+	1.807)	/	2 )
=	6.269	/	1.817
=	3.45

Medinex (SGX:OTX) 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.

Medinex Receivables Turnover Related Terms

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Medinex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Medinex Ltd (SGX:OTX) » Definitions » Receivables Turnover

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Address

111 North Bridge Road, No. 23-04, Peninsula Plaza, Singapore, SGP, 179098

Website

https://www.medinex.com.sg

Medinex Ltd is an investment holding company. The company has four business segments: Medical Support Services, Business Support Services, Pharmaceutical Services, and Medical Services. The company generates maximum revenue from the Medical Support Services segment. The Medical support services business segment provides professional services to clients in primary and secondary healthcare sectors comprising general practitioners and specialists.

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