Safe Fertility Group PCL (BKK:SAFE) Receivables Turnover : 25.71 (As of Dec. 2023)

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What is Safe Fertility Group PCL 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. Safe Fertility Group PCL's Revenue for the six months ended in Dec. 2023 was ฿442.1 Mil. Safe Fertility Group PCL's average Accounts Receivable for the six months ended in Dec. 2023 was ฿17.2 Mil. Hence, Safe Fertility Group PCL's Receivables Turnover for the six months ended in Dec. 2023 was 25.71.

Safe Fertility Group PCL Receivables Turnover Historical Data

The historical data trend for Safe Fertility Group PCL'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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Safe Fertility Group PCL Receivables Turnover Chart

Safe Fertility Group PCL Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

68.54

67.04

54.60

Safe Fertility Group PCL Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	-	45.76	26.12	26.81	25.71

Competitive Comparison of Safe Fertility Group PCL's Receivables Turnover

For the Medical Care Facilities subindustry, Safe Fertility Group PCL'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.

Safe Fertility Group PCL's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Safe Fertility Group PCL's Receivables Turnover falls into.

Safe Fertility Group PCL Receivables Turnover Calculation

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

Safe Fertility Group PCL'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 )
=	848.638	/ (	(13.512	+	17.571)	/	2 )
=	848.638	/	15.5415
=	54.60

Safe Fertility Group PCL'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 )
=	442.069	/ (	(16.822	+	17.571)	/	2 )
=	442.069	/	17.1965
=	25.71

Safe Fertility Group PCL (BKK:SAFE) 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.

Safe Fertility Group PCL Receivables Turnover Related Terms

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Safe Fertility Group PCL (BKK:SAFE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Safe Fertility Group PCL (BKK:SAFE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

496 – 502 Ploenchit Road, Amarin Plaza Building, 16, 17, 18th Floor, Lumpini, Pathumwan, Bangkok, THA, 10330

Website

https://www.safefertilitygroup.com

Safe Fertility Group PCL is the first IVF Clinic in Bangkok, Thailand, and the second in ASEAN apart from Singapore that has been accredited by RTAC of the Fertility Society of Australia (FSA) and New Zealand. It provides expert care using leading technologies that are targeted to each patient's individual needs. The company offers a wide range of infertility treatments, all performed under the strictest safety standards.