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Meinian Onehealth Healthcare Holdings Co (SZSE:002044) Receivables Turnover : 0.68 (As of Mar. 2024)


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What is Meinian Onehealth Healthcare Holdings Co 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. Meinian Onehealth Healthcare Holdings Co's Revenue for the three months ended in Mar. 2024 was ¥1,801 Mil. Meinian Onehealth Healthcare Holdings Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥2,665 Mil. Hence, Meinian Onehealth Healthcare Holdings Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.68.


Meinian Onehealth Healthcare Holdings Co Receivables Turnover Historical Data

The historical data trend for Meinian Onehealth Healthcare Holdings Co'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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Meinian Onehealth Healthcare Holdings Co Receivables Turnover Chart

Meinian Onehealth Healthcare Holdings Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 3.24 3.60 3.36 4.07

Meinian Onehealth Healthcare Holdings Co 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 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 0.84 0.88 0.93 1.21 0.68

Competitive Comparison of Meinian Onehealth Healthcare Holdings Co's Receivables Turnover

For the Medical Care Facilities subindustry, Meinian Onehealth Healthcare Holdings Co'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.


Meinian Onehealth Healthcare Holdings Co's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Meinian Onehealth Healthcare Holdings Co's Receivables Turnover falls into.



Meinian Onehealth Healthcare Holdings Co Receivables Turnover Calculation

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

Meinian Onehealth Healthcare Holdings Co'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 )
=10893.535 / ((2563.299 + 2795.911) / 2 )
=10893.535 / 2679.605
=4.07

Meinian Onehealth Healthcare Holdings Co'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 )
=1801.337 / ((2795.911 + 2533.485) / 2 )
=1801.337 / 2664.698
=0.68

* 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.


Meinian Onehealth Healthcare Holdings Co  (SZSE:002044) 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.


Meinian Onehealth Healthcare Holdings Co Receivables Turnover Related Terms

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Meinian Onehealth Healthcare Holdings Co (SZSE:002044) Business Description

Traded in Other Exchanges
N/A
Address
No. 218 Renmin East Road, Jiangsu Province, Nantong, CHN, 200072
Meinian Onehealth Healthcare Holdings Co Ltd is engaged in the provision of physical examination and medical services. The firm provides health consultation, and health assessment services among others.
Executives
Ning Yi Executives
Lin Lin Executives
Xu Ke Director
Yu Rong Director
Guo Mei Ling Director
Hu Rui Lian Director
Yu Ji Ye Supervisors
Wen Hai Yan Executives
Li Jun De Director
Cui Lan Supervisors
Zhang Bin Yun Director
Shen Yong Yan Executives
Zhang Song Executives
Ge Qiu Executives
Xu Xiang Dong Directors, executives

Meinian Onehealth Healthcare Holdings Co (SZSE:002044) Headlines

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