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. The Joint's Revenue for the
three
months ended in Mar. 2024 was $29.7 Mil. The Joint's average Accounts Receivable for the
three
months ended in Mar. 2024 was $3.5 Mil.
Hence, The Joint's Receivables Turnover for the
three
months ended in Mar. 2024 was 8.51.
The Joint Receivables Turnover Historical Data
The historical data trend for The Joint'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.
Competitive Comparison of The Joint's Receivables Turnover
For the Medical Care Facilities subindustry, The Joint'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.
The Joint's Receivables Turnover Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, The Joint's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where The Joint's Receivables Turnover falls into.
The Joint Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
The Joint's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
The Joint (NAS:JYNT) 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.
The Joint Receivables Turnover Related Terms
Thank you for viewing the detailed overview of The Joint's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
The Joint Corp develops, owns, operates, supports, and manages chiropractic clinics through direct ownership, management arrangements, franchising, and the sale of regional developer rights throughout the United States. The doctors of chiropractic develop personalized treatment plans to relieve patients' pain and deliver ongoing preventative care. The Company has two operating business segments; the Corporate Clinics segment is comprised of the operating activities of the company-owned or managed clinics, and The Franchise Operations segment is comprised of the operating activities of the franchise business unit. The company generates maximum revenue from the Corporate clinic's segment.
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