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. SOC Telemed's Revenue for the
six
months ended in Dec. 2021 was $94.44 Mil. SOC Telemed's average Accounts Receivable for the
six
months ended in Dec. 2021 was $13.28 Mil.
Hence, SOC Telemed's Receivables Turnover for the
six
months ended in Dec. 2021 was 7.11.
SOC Telemed Receivables Turnover Historical Data
The historical data trend for SOC Telemed'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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SOC Telemed Receivables Turnover Chart
SOC Telemed Annual Data
Trend
Dec19
Dec20
Dec21
Receivables Turnover
6.28
6.02
7.11
SOC Telemed Semi-Annual Data
Dec19
Dec20
Dec21
Receivables Turnover
6.28
6.02
7.11
Competitive Comparison of SOC Telemed's Receivables Turnover
For the Medical Care Facilities subindustry, SOC Telemed'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.
SOC Telemed's Receivables Turnover Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, SOC Telemed's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where SOC Telemed's Receivables Turnover falls into.
SOC Telemed Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
SOC Telemed's Receivables Turnover for the fiscal year that ended in Dec. 2021 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.
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.
SOC Telemed Receivables Turnover Related Terms
Thank you for viewing the detailed overview of SOC Telemed's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
SOC Telemed Inc is a provider of acute care telemedicine services and technology to U.S. hospitals and healthcare systems based on number of clients. It provides technology enabled clinical solutions which include acute teleNeurology, telePsychiatry, and teleICU, and telePulmonology service. It supports specialty care, providing time-sensitive specialty care when patients are vulnerable and may not otherwise have access. Its solution was developed to support complex workflows in the acute care setting by integrating cloud-based software platform, Telemed IQ, with a panel of patient advocates and a network of clinical specialists to create a seamless, acute telemedicine solution.
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