Fortis Healthcare (BOM:532843) Receivables Turnover : 2.84 (As of Mar. 2024)

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What is Fortis 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. Fortis Healthcare's Revenue for the three months ended in Mar. 2024 was ₹17,859 Mil. Fortis Healthcare's average Accounts Receivable for the three months ended in Mar. 2024 was ₹6,278 Mil. Hence, Fortis Healthcare's Receivables Turnover for the three months ended in Mar. 2024 was 2.84.

Fortis Healthcare Receivables Turnover Historical Data

The historical data trend for Fortis 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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Fortis Healthcare Receivables Turnover Chart

Fortis Healthcare Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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9.00

9.34

13.53

13.20

12.12

Fortis Healthcare 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															3.22	3.25	2.55	2.42	2.84

Competitive Comparison of Fortis Healthcare's Receivables Turnover

For the Medical Care Facilities subindustry, Fortis 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.

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

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

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

Fortis Healthcare Receivables Turnover Calculation

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

Fortis Healthcare'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 )
=	68929.2	/ (	(5100.834	+	6278.3)	/	2 )
=	68929.2	/	5689.567
=	12.12

Fortis Healthcare'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 )
=	17858.8	/ (	(0	+	6278.3)	/	1 )
=	17858.8	/	6278.3
=	2.84

Fortis Healthcare (BOM:532843) 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.

Fortis Healthcare Receivables Turnover Related Terms

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Fortis Healthcare (BOM:532843) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Fortis Healthcare Ltd (BOM:532843) » Definitions » Receivables Turnover

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FORTIS:India

Address

Tower - A, Unitech Business Park, Block - F, South City 1, Sector - 41, Gurugram, HR, IND, 122001

Website

https://www.fortishealthcare.com

Fortis Healthcare Ltd provides integrated healthcare delivery services in India. The company manages healthcare centers including hospitals, diagnostics, and day care specialty facilities. The company's most prominent specialty in its hospital business is cardiac sciences. The Company is primarily engaged in the business of healthcare services which is the only reportable segment. The company's key hospitals include Fortis Escorts Heart Institute in Dehli, Fortis Mulund in Mumbai, and Fortis Hospital in Bengaluru. A majority of the company's revenue is derived from India.

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