Ramsay Health Care (Ramsay Health Care) Accounts Receivable : $1,630 Mil (As of Dec. 2023)

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What is Ramsay Health Care Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ramsay Health Care's accounts receivables for the quarter that ended in Dec. 2023 was $1,630 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ramsay Health Care's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 54.96.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ramsay Health Care's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-9.97.

Ramsay Health Care Accounts Receivable Historical Data

The historical data trend for Ramsay Health Care's Accounts Receivable 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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Ramsay Health Care Accounts Receivable Chart

Ramsay Health Care Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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1,133.21

1,365.49

1,424.62

1,687.91

1,609.13

Ramsay Health Care Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															1,319.53	1,687.91	1,654.52	1,609.13	1,629.65

Ramsay Health Care Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Ramsay Health Care Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Ramsay Health Care's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1629.652	/	5411.714	*	91
=	54.96

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Ramsay Health Care's accounts receivable are only considered to be worth 75% of book value:

Ramsay Health Care's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(242.102	+	0.75 * 1629.652	+	0.5 * 256.961	-	10139.023
-	168.809	-	439.29)	/	917.739
=	-9.97

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Ramsay Health Care Accounts Receivable Related Terms

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Ramsay Health Care (Ramsay Health Care) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Ramsay Health Care Ltd (OTCPK:RMYHY) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

RMSYF:USA RMY:Germany RHCPA.PFD:Australia RHC:Australia

Address

126 Phillip Street, Suite 18.03, Level 18, Deutsche Bank Place, Sydney, NSW, AUS, 2000

Website

https://www.ramsayhealth.com

Ramsay Health Care is one of the largest private healthcare providers in the world, with over 460 facilities across 10 countries. The key markets in which it operates are Australia, France, the U.K., and Sweden. It is the largest private hospital group in each of these markets except for the U.K. where it ranks fifth. Ramsay Sante, which operates the European regions other than the U.K., is a 52.5%-owned subsidiary of Ramsay Health Care. The company typically earns about 60% of consolidated earnings in Australia and 30% in France. Ramsay Health Care undertakes both private and publicly funded healthcare.