Rainbow Childrens Medicare (BOM:543524) Receivables Turnover : 4.84 (As of Mar. 2024)

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What is Rainbow Childrens Medicare 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. Rainbow Childrens Medicare's Revenue for the three months ended in Mar. 2024 was ₹3,411 Mil. Rainbow Childrens Medicare's average Accounts Receivable for the three months ended in Mar. 2024 was ₹704 Mil. Hence, Rainbow Childrens Medicare's Receivables Turnover for the three months ended in Mar. 2024 was 4.84.

Rainbow Childrens Medicare Receivables Turnover Historical Data

The historical data trend for Rainbow Childrens Medicare'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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Rainbow Childrens Medicare Receivables Turnover Chart

Rainbow Childrens Medicare Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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17.92

15.96

30.05

27.01

20.14

Rainbow Childrens Medicare Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											5.43	4.92	5.13	5.18	4.84

Competitive Comparison of Rainbow Childrens Medicare's Receivables Turnover

For the Medical Care Facilities subindustry, Rainbow Childrens Medicare'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.

Rainbow Childrens Medicare's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Rainbow Childrens Medicare's Receivables Turnover falls into.

Rainbow Childrens Medicare Receivables Turnover Calculation

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

Rainbow Childrens Medicare'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 )
=	12969	/ (	(583.36	+	704.42)	/	2 )
=	12969	/	643.89
=	20.14

Rainbow Childrens Medicare'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 )
=	3411.02	/ (	(0	+	704.42)	/	1 )
=	3411.02	/	704.42
=	4.84

Rainbow Childrens Medicare (BOM:543524) 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.

Rainbow Childrens Medicare Receivables Turnover Related Terms

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Rainbow Childrens Medicare (BOM:543524) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Rainbow Childrens Medicare Ltd (BOM:543524) » Definitions » Receivables Turnover

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RAINBOW:India

Address

Road No. 2, Banjara Hills, 8-2-120/103/1, Survey No. 403, Hyderabad, TG, IND, 500034

Website

https://www.rainbowhospitals.in

Rainbow Childrens Medicare Ltd operates a multi-specialty pediatric, obstetrics, and gynecology hospital chain in India. The company offers a wide range of services such as newborn and pediatric intensive care, pediatric multi-specialty services, pediatric quaternary care, obstetrics, and gynecology, which includes normal and complex obstetric care, and multidisciplinary fetal care, perinatal genetic and fertility care.

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