Freedom Care Group Holdings (ASX:FCG) Receivables Turnover : 21.42 (As of Dec. 2023)

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What is Freedom Care Group Holdings 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. Freedom Care Group Holdings's Revenue for the six months ended in Dec. 2023 was A$19.72 Mil. Freedom Care Group Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.92 Mil. Hence, Freedom Care Group Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 21.42.

Freedom Care Group Holdings Receivables Turnover Historical Data

The historical data trend for Freedom Care Group Holdings'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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Freedom Care Group Holdings Receivables Turnover Chart

Freedom Care Group Holdings Annual Data

Trend

Jun21

Jun22

Receivables Turnover

9.93

25.29

Freedom Care Group Holdings Semi-Annual Data
	Jun21	Jun22	Dec22	Dec23
Receivables Turnover	-	-	13.20	21.42

Competitive Comparison of Freedom Care Group Holdings's Receivables Turnover

For the Medical Care Facilities subindustry, Freedom Care Group Holdings'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.

Freedom Care Group Holdings's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Freedom Care Group Holdings's Receivables Turnover falls into.

Freedom Care Group Holdings Receivables Turnover Calculation

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

Freedom Care Group Holdings's Receivables Turnover for the fiscal year that ended in Jun. 2022 is calculated as

	Receivables Turnover (A: Jun. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2022 )	/ (	(Accounts Receivable (A: Jun. 2021 )	+	Accounts Receivable (A: Jun. 2022 ))	/	count )
=	11.682	/ (	(0.371	+	0.553)	/	2 )
=	11.682	/	0.462
=	25.29

Freedom Care Group Holdings'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: Dec. 2022 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	19.72	/ (	(1.02	+	0.821)	/	2 )
=	19.72	/	0.9205
=	21.42

Freedom Care Group Holdings (ASX:FCG) 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.

Freedom Care Group Holdings Receivables Turnover Related Terms

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Freedom Care Group Holdings (ASX:FCG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Freedom Care Group Holdings Ltd (ASX:FCG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shop 3/886, Woodville Road, Villawood, NSW, AUS, 2163

Website

https://www.freedomcaregroup.com.au

Freedom Care Group Holdings Ltd is a national disability insurance scheme services provider that provides a full suite of allied health and care services to individuals accepted into the NDIS particularly in the greater Sydney areas. It is organized into three service areas such as Core Supports, Capacity Building Supports and Capital Supports. Core Supports: assist Participants with everyday activities, current disability-related needs and work towards a Participant's goals. Capacity Building Supports: assist Participants to increase independence and develop skills to assist them to pursue their goals and Capital Supports: includes higher-cost pieces of assistive technology, equipment and home or vehicle modifications, and funding for one-off capital purchases that participants require.