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Ryman Healthcare (NZSE:RYM) Receivables Turnover : 0.50 (As of Mar. 2024)


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What is Ryman 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. Ryman Healthcare's Revenue for the six months ended in Mar. 2024 was NZ$333.9 Mil. Ryman Healthcare's average Accounts Receivable for the six months ended in Mar. 2024 was NZ$674.1 Mil. Hence, Ryman Healthcare's Receivables Turnover for the six months ended in Mar. 2024 was 0.50.


Ryman Healthcare Receivables Turnover Historical Data

The historical data trend for Ryman 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.

* Premium members only.

Ryman Healthcare Receivables Turnover Chart

Ryman Healthcare Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.14 1.00 0.87 0.82 0.94

Ryman Healthcare Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.44 0.37 0.39 0.46 0.50

Competitive Comparison of Ryman Healthcare's Receivables Turnover

For the Medical Care Facilities subindustry, Ryman 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.


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

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

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



Ryman Healthcare Receivables Turnover Calculation

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

Ryman Healthcare'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 )
=650.534 / ((711.84 + 670.537) / 2 )
=650.534 / 691.1885
=0.94

Ryman Healthcare'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: Sep. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=333.863 / ((677.698 + 670.537) / 2 )
=333.863 / 674.1175
=0.50

* 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.


Ryman Healthcare  (NZSE:RYM) 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.


Ryman Healthcare Receivables Turnover Related Terms

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Ryman Healthcare (NZSE:RYM) Business Description

Traded in Other Exchanges
Address
92 Russley Road, P.O. Box 771, Airport Business Park, Christchurch, STL, NZL, 8042
Ryman Healthcare develops, owns, and operates retirement villages and aged-care facilities in New Zealand and Australia. Most of its villages offer a combination of independent and serviced units, alongside hospital, dementia, and rest-home care. Income is predominantly earned from aged care fees, retirement unit management fees, development margins on new units, and capital gains generated when residents vacate and Ryman resells existing units.

Ryman Healthcare (NZSE:RYM) Headlines

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