SHL Telemedicine (XSWX:SHLTN) Receivables Turnover : 3.28 (As of Dec. 2023)

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What is SHL Telemedicine 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. SHL Telemedicine's Revenue for the six months ended in Dec. 2023 was CHF24.28 Mil. SHL Telemedicine's average Accounts Receivable for the six months ended in Dec. 2023 was CHF7.40 Mil. Hence, SHL Telemedicine's Receivables Turnover for the six months ended in Dec. 2023 was 3.28.

SHL Telemedicine Receivables Turnover Historical Data

The historical data trend for SHL Telemedicine'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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SHL Telemedicine Receivables Turnover Chart

SHL Telemedicine Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.87

7.18

7.70

7.45

6.73

SHL Telemedicine Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															4.44	4.12	3.65	3.60	3.28

Competitive Comparison of SHL Telemedicine's Receivables Turnover

For the Health Information Services subindustry, SHL Telemedicine'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.

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

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

* The bar in red indicates where SHL Telemedicine's Receivables Turnover falls into.

SHL Telemedicine Receivables Turnover Calculation

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

SHL Telemedicine'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 )
=	49.358	/ (	(7.264	+	7.4)	/	2 )
=	49.358	/	7.332
=	6.73

SHL Telemedicine's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	24.275	/ (	(0	+	7.4)	/	1 )
=	24.275	/	7.4
=	3.28

SHL Telemedicine (XSWX:SHLTN) 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.

SHL Telemedicine Receivables Turnover Related Terms

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SHL Telemedicine (XSWX:SHLTN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » SHL Telemedicine Ltd (XSWX:SHLTN) » Definitions » Receivables Turnover

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SHLT:USA

Address

90 Yigal Alon Street, Tel Aviv, ISR, 67891

Website

https://www.shl-telemedicine.com

SHL Telemedicine Ltd develops and markets personal telemedicine solutions. It consists of the transmission of medical data by an individual, from a remote location to a medical call center through telecommunication networks. The company offers solutions to subscribing patients, health insurance companies, hospitals, clinics, and physicians. It provides healthcare professional solutions to patients suffering from congestive heart failure, chronic obstructive pulmonary disease, and readmission solutions for reducing heart-related readmissions. In addition, consumer solutions include cardiac monitoring services. The company's geographical segments Israel, Europe, and the rest of the world.

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