Chennai Meenakshi Multispeciality Hospital (BOM:523489) Receivables Turnover : 26.52 (As of Mar. 2024)

View and export this data going back to 1992. Start your Free Trial

What is Chennai Meenakshi Multispeciality Hospital 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. Chennai Meenakshi Multispeciality Hospital's Revenue for the three months ended in Mar. 2024 was ₹169.7 Mil. Chennai Meenakshi Multispeciality Hospital's average Accounts Receivable for the three months ended in Mar. 2024 was ₹6.4 Mil. Hence, Chennai Meenakshi Multispeciality Hospital's Receivables Turnover for the three months ended in Mar. 2024 was 26.52.

Chennai Meenakshi Multispeciality Hospital Receivables Turnover Historical Data

The historical data trend for Chennai Meenakshi Multispeciality Hospital'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.

* Premium members only.

Chennai Meenakshi Multispeciality Hospital Receivables Turnover Chart

Chennai Meenakshi Multispeciality Hospital Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

Get a 7-Day Free Trial

27.15

21.02

36.64

36.97

42.09

Chennai Meenakshi Multispeciality Hospital Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															15.08	5.53	6.42	6.97	26.52

Competitive Comparison of Chennai Meenakshi Multispeciality Hospital's Receivables Turnover

For the Medical Care Facilities subindustry, Chennai Meenakshi Multispeciality Hospital'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.

Chennai Meenakshi Multispeciality Hospital's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Chennai Meenakshi Multispeciality Hospital's Receivables Turnover falls into.

Chennai Meenakshi Multispeciality Hospital Receivables Turnover Calculation

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

Chennai Meenakshi Multispeciality Hospital's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	382.034	/ (	(11.756	+	6.397)	/	2 )
=	382.034	/	9.0765
=	42.09

Chennai Meenakshi Multispeciality Hospital's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	169.66	/ (	(0	+	6.397)	/	1 )
=	169.66	/	6.397
=	26.52

Chennai Meenakshi Multispeciality Hospital (BOM:523489) 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.

Chennai Meenakshi Multispeciality Hospital Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Chennai Meenakshi Multispeciality Hospital's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Chennai Meenakshi Multispeciality Hospital (BOM:523489) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Chennai Meenakshi Multispeciality Hospital Ltd (BOM:523489) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Luz Church Road, New No. 70, Old No. 149, Mylapore, Chennai, TN, IND, 600004

Website

https://cmmh.in

Chennai Meenakshi Multispeciality Hospital Ltd is an India-based company engaged in hospital activities. It provides healthcare and pharmacy services. The hospital offers facilities like outpatient services, operation theatre, dialysis center, diagnostic services, and other facilities. It consists of departments like Cardiology Department, Casualty Department, Diagnostic Services, Intensive Care Unit, Nephrology Department, Physiotherapy Department, and others. The majority of the revenue is derived from providing inpatient and outpatient facilities.

Chennai Meenakshi Multispeciality Hospital (BOM:523489) Headlines

No Headlines