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Metro Healthcare Bhd (XKLS:03005) Receivables Turnover : 24.41 (As of Dec. 2023)


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What is Metro Healthcare Bhd 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. Metro Healthcare Bhd's Revenue for the six months ended in Dec. 2023 was RM22.98 Mil. Metro Healthcare Bhd's average Accounts Receivable for the six months ended in Dec. 2023 was RM0.94 Mil. Hence, Metro Healthcare Bhd's Receivables Turnover for the six months ended in Dec. 2023 was 24.41.


Metro Healthcare Bhd Receivables Turnover Historical Data

The historical data trend for Metro Healthcare Bhd'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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Metro Healthcare Bhd Receivables Turnover Chart

Metro Healthcare Bhd Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 280.36 236.12 160.67 167.11 438.10

Metro Healthcare Bhd Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 32.30 21.66 27.56 23.25 24.41

Competitive Comparison of Metro Healthcare Bhd's Receivables Turnover

For the Medical Care Facilities subindustry, Metro Healthcare Bhd'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.


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

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

* The bar in red indicates where Metro Healthcare Bhd's Receivables Turnover falls into.



Metro Healthcare Bhd Receivables Turnover Calculation

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

Metro Healthcare Bhd'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 )
=44.686 / ((0.094 + 0.11) / 2 )
=44.686 / 0.102
=438.10

Metro Healthcare Bhd's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=22.984 / ((1.773 + 0.11) / 2 )
=22.984 / 0.9415
=24.41

* 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.


Metro Healthcare Bhd  (XKLS:03005) 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.


Metro Healthcare Bhd Receivables Turnover Related Terms

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Metro Healthcare Bhd (XKLS:03005) Business Description

Traded in Other Exchanges
N/A
Address
Number 36, Jalan Pasar, Klang, Selangor Darul Ehsan, MYS, 41400
Metro Healthcare Bhd is engaged in the provision of women healthcare services. The company offers various services such as obstetrics, gynecology impatient services, and diagnostic medical imaging services. It also provides semen analysis, intracytoplasmic sperm injection, blastocyst culture, assisted hatching, frozen embryo transfer, preimplantation genetic screening, and infertility consultation services. The company serves patients in Malaysia.

Metro Healthcare Bhd (XKLS:03005) Headlines

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