CHC Healthcare Group (TPE:4164) Receivables Turnover : 0.72 (As of Mar. 2024)

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What is CHC Healthcare Group 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. CHC Healthcare Group's Revenue for the three months ended in Mar. 2024 was NT$658 Mil. CHC Healthcare Group's average Accounts Receivable for the three months ended in Mar. 2024 was NT$919 Mil. Hence, CHC Healthcare Group's Receivables Turnover for the three months ended in Mar. 2024 was 0.72.

CHC Healthcare Group Receivables Turnover Historical Data

The historical data trend for CHC Healthcare Group'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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CHC Healthcare Group Receivables Turnover Chart

CHC Healthcare Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.95

3.49

3.43

3.85

4.23

CHC Healthcare Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.92	0.95	0.80	1.56	0.72

Competitive Comparison of CHC Healthcare Group's Receivables Turnover

For the Medical Distribution subindustry, CHC Healthcare Group'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.

CHC Healthcare Group's Receivables Turnover Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, CHC Healthcare Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where CHC Healthcare Group's Receivables Turnover falls into.

CHC Healthcare Group Receivables Turnover Calculation

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

CHC Healthcare Group's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	3877.137	/ (	(833.279	+	998.48)	/	2 )
=	3877.137	/	915.8795
=	4.23

CHC Healthcare Group'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: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	657.618	/ (	(998.48	+	839.183)	/	2 )
=	657.618	/	918.8315
=	0.72

CHC Healthcare Group (TPE:4164) 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.

CHC Healthcare Group Receivables Turnover Related Terms

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CHC Healthcare Group (TPE:4164) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » CHC Healthcare Group (TPE:4164) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88, Xing’ai Road, Neihu District, Taipei, TWN, 114067

Website

https://www.chcg.com

CHC Healthcare Group is a Taiwan based company engaged in the trading of pharmaceutical products and the sale, leasing, installation, and repair of medical instruments. It is engaged in the distribution of radiotherapy equipment, including equipment that is used in the treatment of radiation oncology, ophthalmology, dentistry, and neuroscience. It also provides medical equipment consulting for hospitals and clinics. It earns revenues from the sale of drugs, sale of medical instruments, and repairs maintenance and other services.

CHC Healthcare Group (TPE:4164) Headlines

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