Global Longlife Hospital & Research (BOM:543520) Receivables Turnover : 0.16 (As of Mar. 2024)

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What is Global Longlife Hospital & Research 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. Global Longlife Hospital & Research's Revenue for the six months ended in Mar. 2024 was ₹11.8 Mil. Global Longlife Hospital & Research's average Accounts Receivable for the six months ended in Mar. 2024 was ₹72.7 Mil. Hence, Global Longlife Hospital & Research's Receivables Turnover for the six months ended in Mar. 2024 was 0.16.

Global Longlife Hospital & Research Receivables Turnover Historical Data

The historical data trend for Global Longlife Hospital & Research'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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Global Longlife Hospital & Research Receivables Turnover Chart

Global Longlife Hospital & Research Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.48

4.64

3.92

2.53

2.32

Global Longlife Hospital & Research Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial				1.45	1.13	1.08	1.11	0.16

Competitive Comparison of Global Longlife Hospital & Research's Receivables Turnover

For the Medical Care Facilities subindustry, Global Longlife Hospital & Research'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.

Global Longlife Hospital & Research's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Global Longlife Hospital & Research's Receivables Turnover falls into.

Global Longlife Hospital & Research Receivables Turnover Calculation

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

Global Longlife Hospital & Research'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 )
=	135.145	/ (	(96.97	+	19.46)	/	2 )
=	135.145	/	58.215
=	2.32

Global Longlife Hospital & Research'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	11.845	/ (	(125.963	+	19.46)	/	2 )
=	11.845	/	72.7115
=	0.16

Global Longlife Hospital & Research (BOM:543520) 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.

Global Longlife Hospital & Research Receivables Turnover Related Terms

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Global Longlife Hospital & Research (BOM:543520) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Global Longlife Hospital & Research Ltd (BOM:543520) » Definitions » Receivables Turnover

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Address

Pakwan Cross Road, Near Sindhubhavan Road, Near Water Tank, Opposite Auda Garden, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

https://www.globalhospital.co.in

Global Longlife Hospital & Research Ltd provides health care services. The company offers Oncology, Ophthalmology, Cardiology, Dermatology, Gynecology, Spine Surgery, Plastic Surgery, Ultrasound, Microbiology, Dialysis, and Physiotherapy among other healthcare services.

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