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Healthcare & Medical Investment (TSE:3455) Receivables Turnover : 47.73 (As of Jan. 2024)


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What is Healthcare & Medical Investment 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. Healthcare & Medical Investment's Revenue for the six months ended in Jan. 2024 was 円2,438 Mil. Healthcare & Medical Investment's average Accounts Receivable for the six months ended in Jan. 2024 was 円51 Mil. Hence, Healthcare & Medical Investment's Receivables Turnover for the six months ended in Jan. 2024 was 47.73.

Healthcare & Medical Investment Receivables Turnover Historical Data

The historical data trend for Healthcare & Medical Investment'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.

* Premium members only.

Healthcare & Medical Investment Receivables Turnover Chart

Healthcare & Medical Investment Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 206,867.69 252,318.19 1,358.12 332.37 134.03

Healthcare & Medical Investment Semi-Annual Data
Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 812.19 183.63 70.38 47.36 47.73

Competitive Comparison of Healthcare & Medical Investment's Receivables Turnover

For the REIT - Healthcare Facilities subindustry, Healthcare & Medical Investment'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.

Healthcare & Medical Investment's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Healthcare & Medical Investment's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Healthcare & Medical Investment's Receivables Turnover falls into.


Healthcare & Medical Investment Receivables Turnover Calculation

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

Healthcare & Medical Investment's Receivables Turnover for the fiscal year that ended in Jul. 2023 is calculated as

Receivables Turnover (A: Jul. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Jul. 2023 ) / ((Accounts Receivable (A: Jul. 2022 ) + Accounts Receivable (A: Jul. 2023 )) / count )
=5070.853 / ((23.745 + 51.925) / 2 )
=5070.853 / 37.835
=134.03

Healthcare & Medical Investment's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

Receivables Turnover (Q: Jan. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jan. 2024 ) / ((Accounts Receivable (Q: Jul. 2023 ) + Accounts Receivable (Q: Jan. 2024 )) / count )
=2438.352 / ((51.925 + 50.257) / 2 )
=2438.352 / 51.091
=47.73

* 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.

Healthcare & Medical Investment  (TSE:3455) 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.

Healthcare & Medical Investment Receivables Turnover Related Terms

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Healthcare & Medical Investment (TSE:3455) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Healthcare & Medical Investment Corp (TSE:3455) » Definitions » Receivables Turnover
Comparable Companies
BJSE:870976 BJSE:838701 BJSE:870357 SZSE:300360 SZSE:001308 BJSE:430425 BJSE:833346 BJSE:832978 SZSE:002955 SZSE:301362 WELL VTR PEAK OHI HR SBRA MPW DOC XBRU:AED NHI
Traded in Other Exchanges
N/A
Address
3-3, Kanda-ogawamachi, Chiyoda-ku, Tokyo, JPN
Website
http://www.hcm3455.co.jp
Healthcare & Medical Investment Corp is an investment company, which invests in nursing homes facilities and medical related real properties. The company aims to achieve stable earnings from mid- to long-term perspectives through investment in real estate and other related assets. The firm primarily invests in facilities and buildings for the elderly, as well as medical related facilities.

Healthcare & Medical Investment (TSE:3455) Headlines

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