Clearday (STU:ST7E) Receivables Turnover : 2.21 (As of Sep. 2023)

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What is Clearday 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. Clearday's Revenue for the three months ended in Sep. 2023 was €0.78 Mil. Clearday's average Accounts Receivable for the three months ended in Sep. 2023 was €0.35 Mil. Hence, Clearday's Receivables Turnover for the three months ended in Sep. 2023 was 2.21.

Clearday Receivables Turnover Historical Data

The historical data trend for Clearday'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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Clearday Receivables Turnover Chart

Clearday Annual Data

Trend

Dec20

Dec21

Dec22

Receivables Turnover

63.82

109.63

262.00

Clearday Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial								32.85	48.13	56.75	2.81	2.21

Competitive Comparison of Clearday's Receivables Turnover

For the Medical Care Facilities subindustry, Clearday'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.

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

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

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

Clearday Receivables Turnover Calculation

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

Clearday's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	11.79	/ (	(0.045	+	0.045)	/	2 )
=	11.79	/	0.045
=	262.00

Clearday'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: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	0.78	/ (	(0.353	+	0)	/	1 )
=	0.78	/	0.353
=	2.21

Clearday (STU:ST7E) 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.

Clearday Receivables Turnover Related Terms

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Clearday Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Clearday Inc (STU:ST7E) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CLRD:USA

Address

8800 Village Drive, Suite 106, San Antonio, TX, USA, 78217

Website

https://www.myclearday.com

Clearday Inc is a non-acute health care services company. It operates four residential care facilities and a daycare center that serve primarily older Americans and persons facing cognitive issues such as Alzheimer's and other forms of dementia. Some of its products include Clearday Network, Clearday at Home, Clearday Clubs, and memory care America.

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