Inspiration Healthcare Group (LSE:IHC) Receivables Turnover : 2.19 (As of Jul. 2023)

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What is Inspiration Healthcare Group 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. Inspiration Healthcare Group's Revenue for the six months ended in Jul. 2023 was £20.37 Mil. Inspiration Healthcare Group's average Accounts Receivable for the six months ended in Jul. 2023 was £9.30 Mil. Hence, Inspiration Healthcare Group's Receivables Turnover for the six months ended in Jul. 2023 was 2.19.

Inspiration Healthcare Group Receivables Turnover Historical Data

The historical data trend for Inspiration Healthcare Group'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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Inspiration Healthcare Group Receivables Turnover Chart

Inspiration Healthcare Group Annual Data

Trend

Dec14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Receivables Turnover

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5.36

5.09

8.06

6.14

4.50

Inspiration Healthcare Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23
Receivables Turnover	Get a 7-Day Free Trial															3.28	2.55	2.24	2.04	2.19

Competitive Comparison of Inspiration Healthcare Group's Receivables Turnover

For the Medical Devices subindustry, Inspiration Healthcare Group'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.

Inspiration Healthcare Group's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Inspiration Healthcare Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Inspiration Healthcare Group's Receivables Turnover falls into.

Inspiration Healthcare Group Receivables Turnover Calculation

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

Inspiration Healthcare Group's Receivables Turnover for the fiscal year that ended in Jan. 2023 is calculated as

	Receivables Turnover (A: Jan. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jan. 2023 )	/ (	(Accounts Receivable (A: Jan. 2022 )	+	Accounts Receivable (A: Jan. 2023 ))	/	count )
=	41.233	/ (	(8.204	+	10.127)	/	2 )
=	41.233	/	9.1655
=	4.50

Inspiration Healthcare Group's Receivables Turnover for the quarter that ended in Jul. 2023 is calculated as

	Receivables Turnover (Q: Jul. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jul. 2023 )	/ (	(Accounts Receivable (Q: Jan. 2023 )	+	Accounts Receivable (Q: Jul. 2023 ))	/	count )
=	20.37	/ (	(10.127	+	8.481)	/	2 )
=	20.37	/	9.304
=	2.19

Inspiration Healthcare Group (LSE:IHC) 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.

Inspiration Healthcare Group Receivables Turnover Related Terms

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Inspiration Healthcare Group (LSE:IHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Inspiration Healthcare Group PLC (LSE:IHC) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Unit 7/8 Commerce Park, Commerce Way, Croydon, GBR, CR0 4YL

Website

https://www.inspirationhealthcaregroup.com

Inspiration Healthcare Group PLC supplies outcome-improving medical devices in the areas of neonatal intensive care and patient warming. It operates in the Critical Care Medical Devices segment which includes Critical Care, Operating Theatre, and Home Healthcare. The company derives the maximum of its revenue from the United Kingdom through the Critical Care market division.