Bright Horizons Family Solutions (FRA:BHA) Receivables Turnover : 2.49 (As of Mar. 2024)

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What is Bright Horizons Family Solutions 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. Bright Horizons Family Solutions's Revenue for the three months ended in Mar. 2024 was €573 Mil. Bright Horizons Family Solutions's average Accounts Receivable for the three months ended in Mar. 2024 was €230 Mil. Hence, Bright Horizons Family Solutions's Receivables Turnover for the three months ended in Mar. 2024 was 2.49.

Bright Horizons Family Solutions Receivables Turnover Historical Data

The historical data trend for Bright Horizons Family Solutions'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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Bright Horizons Family Solutions Receivables Turnover Chart

Bright Horizons Family Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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14.89

8.92

9.36

9.74

9.57

Bright Horizons Family Solutions 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															2.46	2.91	3.21	2.41	2.49

Competitive Comparison of Bright Horizons Family Solutions's Receivables Turnover

For the Personal Services subindustry, Bright Horizons Family Solutions'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.

Bright Horizons Family Solutions's Receivables Turnover Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Bright Horizons Family Solutions's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Bright Horizons Family Solutions's Receivables Turnover falls into.

Bright Horizons Family Solutions Receivables Turnover Calculation

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

Bright Horizons Family Solutions's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	2217.542	/ (	(205.008	+	258.328)	/	2 )
=	2217.542	/	231.668
=	9.57

Bright Horizons Family Solutions'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 )
=	572.892	/ (	(258.328	+	202.18)	/	2 )
=	572.892	/	230.254
=	2.49

Bright Horizons Family Solutions (FRA:BHA) 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.

Bright Horizons Family Solutions Receivables Turnover Related Terms

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Bright Horizons Family Solutions (FRA:BHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Bright Horizons Family Solutions Inc (FRA:BHA) » Definitions » Receivables Turnover

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Traded in Other Exchanges

BFAM:USA

Address

2 Wells Avenue, Newton, MA, USA, 02459

Website

https://www.brighthorizons.com

Bright Horizons Family Solutions Inc provides education and care solutions designed to help employers support their employees in managing their work/life balance. The company has three business segments: full-service center-based child care, backup care, and educational advisory services. The vast majority of the company's revenue is generated by full-service center-based child care, which includes traditional center-based child care and early education services. Other services provided by the company include in-home child and elder care, tuition assistance, and education consulting. The company earns more than half of its revenue in North America.

Bright Horizons Family Solutions (FRA:BHA) Headlines

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