Global Health (BOM:543654) Receivables Turnover : 3.83 (As of Mar. 2024)

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What is Global Health 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 Health's Revenue for the three months ended in Mar. 2024 was ₹8,255 Mil. Global Health's average Accounts Receivable for the three months ended in Mar. 2024 was ₹2,153 Mil. Hence, Global Health's Receivables Turnover for the three months ended in Mar. 2024 was 3.83.

Global Health Receivables Turnover Historical Data

The historical data trend for Global Health'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 Health Receivables Turnover Chart

Global Health Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

9.93

10.11

13.81

14.48

16.00

Global Health Quarterly Data
	Mar20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial								3.70	3.98	3.29	3.24	3.83

Competitive Comparison of Global Health's Receivables Turnover

For the Medical Care Facilities subindustry, Global Health'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 Health's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Global Health's Receivables Turnover falls into.

Global Health Receivables Turnover Calculation

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

Global Health'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 )
=	32751.11	/ (	(1942.022	+	2153.13)	/	2 )
=	32751.11	/	2047.576
=	16.00

Global Health'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 )
=	8255.305	/ (	(0	+	2153.13)	/	1 )
=	8255.305	/	2153.13
=	3.83

Global Health (BOM:543654) 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 Health Receivables Turnover Related Terms

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Global Health (BOM:543654) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Global Health Ltd (BOM:543654) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

MEDANTA:India

Address

E - 18, Medanta - The Medicity, Defence Colony, New Delhi, IND, 110024

Website

https://www.medanta.org

Global Health Ltd operates as a private multi-specialty tertiary care provider operating in the North and East regions of India, with key specialties of cardiology and cardiac science, neurosciences, oncology, digestive and hepatobiliary sciences, orthopedics, liver transplant, and kidney and urology. Under the Medanta brand, it has a network of hospitals in operation (Gurugram, Indore, Ranchi, and Lucknow), a hospital that is under construction with an operational outpatient facility (Patna), and a hospital (Noida) planned for development. The Group operates Healthcare services as a single business segment in India, constituting a single geographical segment.

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