Regis Healthcare (ASX:REG) Receivables Turnover : 6.18 (As of Dec. 2023)

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What is Regis Healthcare 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. Regis Healthcare's Revenue for the six months ended in Dec. 2023 was A$128.1 Mil. Regis Healthcare's average Accounts Receivable for the six months ended in Dec. 2023 was A$20.7 Mil. Hence, Regis Healthcare's Receivables Turnover for the six months ended in Dec. 2023 was 6.18.

Regis Healthcare Receivables Turnover Historical Data

The historical data trend for Regis Healthcare'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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Regis Healthcare Receivables Turnover Chart

Regis Healthcare Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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39.39

35.64

27.41

20.47

15.88

Regis Healthcare Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial														10.04	8.68	7.78	6.83	6.18

Competitive Comparison of Regis Healthcare's Receivables Turnover

For the Medical Care Facilities subindustry, Regis Healthcare'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.

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

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

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

Regis Healthcare Receivables Turnover Calculation

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

Regis Healthcare's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	230.99	/ (	(11.984	+	17.099)	/	2 )
=	230.99	/	14.5415
=	15.88

Regis Healthcare'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 )
=	128.067	/ (	(17.099	+	24.34)	/	2 )
=	128.067	/	20.7195
=	6.18

Regis Healthcare (ASX:REG) 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.

Regis Healthcare Receivables Turnover Related Terms

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Regis Healthcare (ASX:REG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Regis Healthcare Ltd (ASX:REG) » Definitions » Receivables Turnover

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Address

293 Camberwell Road, Level 2, Melbourne, VIC, AUS, 3124

Website

https://www.regis.com.au

Regis Healthcare Ltd provides residential care for the elderly in Australia, including respite, dementia-specific, and palliative care. The Company's principal activity is the provision of residential aged care services The firm's facilities are primarily located in metropolitan areas and a majority of its rooms offered are single bedrooms. The majority of Regis' revenue comes from government funding due to the highly regulated environment for aged care facilities in Australia, though the firm also receives resident fees.