NantHealth (NantHealth) Receivables Turnover : 2.46 (As of Sep. 2023)

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What is NantHealth 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. NantHealth's Revenue for the three months ended in Sep. 2023 was $12.47 Mil. NantHealth's average Accounts Receivable for the three months ended in Sep. 2023 was $5.07 Mil. Hence, NantHealth's Receivables Turnover for the three months ended in Sep. 2023 was 2.46.

NantHealth Receivables Turnover Historical Data

The historical data trend for NantHealth'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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NantHealth Receivables Turnover Chart

NantHealth Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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6.68

7.21

15.48

13.79

11.40

NantHealth Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															3.21	3.11	2.69	2.81	2.46

Competitive Comparison of NantHealth's Receivables Turnover

For the Health Information Services subindustry, NantHealth'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.

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

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

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

NantHealth Receivables Turnover Calculation

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

NantHealth'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 )
=	67.002	/ (	(5.81	+	5.948)	/	2 )
=	67.002	/	5.879
=	11.40

NantHealth'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 )
=	12.468	/ (	(5.556	+	4.576)	/	2 )
=	12.468	/	5.066
=	2.46

NantHealth (OTCPK:NHIQ) 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.

NantHealth Receivables Turnover Related Terms

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NantHealth (NantHealth) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » NantHealth Inc (OTCPK:NHIQ) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3000 RDU Center Drive, Suite 200, Morrisville, NC, USA, 27500

Website

https://www.nanthealth.com

NantHealth Inc is a healthcare company that employs precision medicine and technology to give physicians, payers, and patients more information. The company develops software and hardware to collect, indexes, analyze and interpret molecular, financial, clinical, and operational data points to improve decision-making. The company provides cancer care solutions, provide solutions, and payer solutions.

Executives

Rao Haris Naseem	director, 10 percent owner, officer: Chief Executive Officer	C/O NANTHEALTH, INC., 760 W. FIRE TOWER RD., SUITE 107, WINTERVILLE NC 28590
Summus Holdings Llc	10 percent owner	2871 LAKE VISTA DR, SUITE 210, LEWISVILLE TX 75067
Ronald Allen Louks	officer: Chief Operating Officer	C/O NANTHEALTH, INC., 9920 JEFFERSON BLVD., CULVER CITY CA 90232
Nant Capital, Llc	10 percent owner	9922 JEFFERSON BOULEVARD, CULVER CITY CA 90232
Patrick Soon-shiong	director, 10 percent owner, officer: See Remarks	9922 JEFFERSON BOULEVARD, CULVER CITY CA 90232
Deanna L. Wise	director	C/O NANTHEALTH, INC., 9920 JEFFERSON BLVD, CULVER CITY CA 90232
Bob Petrou	officer: Interim CFO	C/O NANTHEALTH, INC., 9920 JEFFERSON BLVD., CULVER CITY CA 90232
Mp 13 Ventures, Llc	10 percent owner	9922 JEFFERSON BOULEVARD, CULVER CITY CA 90232
Cambridge Equities, Lp	10 percent owner	9922 JEFFERSON BOULEVARD, CULVER CITY CA 90232
Allscripts Healthcare Solutions, Inc.	10 percent owner	222 MERCHANDISE MART PLAZA, SUITE 2024, CHICAGO IL 60654
Nantworks, Llc	10 percent owner	9922 JEFFERSON BOULEVARD, CULVER CITY CA 90232
Investment Office Kuwait	10 percent owner	15 CARTER LANE, LONDON X0 EC4V 5EY
Miller Edward D Jr	director	JOHNS HOPKINS, 733 NORTH BROADWAY - SUITE 100, BALTIMORE MD 21205
Kuwait Investment Authority On Behalf Of The Govt Of Kuwait	10 percent owner	C/O HOMEPLACE OF AMERICA INC, 3200 POTTERY DRIVE, MYRTLE BEACH SC 29579
James Mark Burnett	director	640 N. SEPULVEDA BLVD., LOS ANGELES CA 90049