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. National Healthcare's Revenue for the
three
months ended in Dec. 2023 was $301 Mil. National Healthcare's average Accounts Receivable for the
three
months ended in Dec. 2023 was $106 Mil.
Hence, National Healthcare's Receivables Turnover for the
three
months ended in Dec. 2023 was 2.85.
National Healthcare Receivables Turnover Historical Data
The historical data trend for National Healthcare'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.
Competitive Comparison of National Healthcare's Receivables Turnover
For the Medical Care Facilities subindustry, National Healthcare'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.
National Healthcare's Receivables Turnover Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, National Healthcare's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where National Healthcare's Receivables Turnover falls into.
National Healthcare Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
National Healthcare's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
National Healthcare (AMEX:NHC) 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.
National Healthcare Receivables Turnover Related Terms
Thank you for viewing the detailed overview of National Healthcare's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
National Healthcare (National Healthcare) Business Description
National Healthcare Corp Provides long-term care facilities. Its principal business includes the operation of skilled nursing facilities, assisted living facilities, independent living facilities, and home care programs. The company's activities include providing sub-acute and post-acute skilled nursing care, intermediate nursing care, rehabilitative care, memory and Alzheimer's care, senior living services, and home health care services. In addition, the company also provides management services, accounting, and financial services, as well as insurance services to third-party operators of healthcare facilities. Its reportable segments include Inpatient services, and Home care hospice services. Generating, a majority of its revenue from Inpatient services.
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