Aatmaj Healthcare (NSE:AATMAJ) Receivables Turnover : 7.70 (As of Mar. 2022)

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What is Aatmaj Healthcare 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. Aatmaj Healthcare's Revenue for the six months ended in Mar. 2022 was ₹218.1 Mil. Aatmaj Healthcare's average Accounts Receivable for the six months ended in Mar. 2022 was ₹28.3 Mil. Hence, Aatmaj Healthcare's Receivables Turnover for the six months ended in Mar. 2022 was 7.70.

Aatmaj Healthcare Receivables Turnover Historical Data

The historical data trend for Aatmaj Healthcare'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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Aatmaj Healthcare Receivables Turnover Chart

Aatmaj Healthcare Annual Data

Trend

Mar20

Mar21

Mar22

Receivables Turnover

4.44

22.23

7.70

Aatmaj Healthcare Semi-Annual Data
	Mar20	Mar21	Mar22
Receivables Turnover	4.44	22.23	7.70

Competitive Comparison of Aatmaj Healthcare's Receivables Turnover

For the Medical Care Facilities subindustry, Aatmaj Healthcare'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.

Aatmaj Healthcare's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

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

Aatmaj Healthcare Receivables Turnover Calculation

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

Aatmaj Healthcare's Receivables Turnover for the fiscal year that ended in Mar. 2022 is calculated as

	Receivables Turnover (A: Mar. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2022 )	/ (	(Accounts Receivable (A: Mar. 2021 )	+	Accounts Receivable (A: Mar. 2022 ))	/	count )
=	218.089	/ (	(5.705	+	50.961)	/	2 )
=	218.089	/	28.333
=	7.70

Aatmaj Healthcare's Receivables Turnover for the quarter that ended in Mar. 2022 is calculated as

	Receivables Turnover (Q: Mar. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2022 )	/ (	(Accounts Receivable (Q: Mar. 2021 )	+	Accounts Receivable (Q: Mar. 2022 ))	/	count )
=	218.089	/ (	(5.705	+	50.961)	/	2 )
=	218.089	/	28.333
=	7.70

Aatmaj Healthcare (NSE:AATMAJ) 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.

Aatmaj Healthcare Receivables Turnover Related Terms

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Aatmaj Healthcare (NSE:AATMAJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Aatmaj Healthcare Ltd (NSE:AATMAJ) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

Sunpharma Ataladra Road, Jupiter Hospital, Opposite ICAI Bhavan, Vadodara, GJ, IND, 390012

Website

https://www.jupiterhospitalvadodara.com

Aatmaj Healthcare Ltd is a growing organization that aims at strengthening and establishing itself as the foremost healthcare services provider. The company strives to serve with its ultra-modern medicinal practices and infrastructure for medical as well as surgical care solutions. It aims towards continuous improvement of its healthcare facilities and to achieve the level of care and quality. It has a team of medical practitioners who ensures that patients get quality healthcare services.

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