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Hapvida Participacoes Investimento (BSP:HAPV3) Receivables Turnover : 4.38 (As of Dec. 2023)


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What is Hapvida Participacoes Investimento 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. Hapvida Participacoes Investimento's Revenue for the three months ended in Dec. 2023 was R$6,936 Mil. Hapvida Participacoes Investimento's average Accounts Receivable for the three months ended in Dec. 2023 was R$1,582 Mil. Hence, Hapvida Participacoes Investimento's Receivables Turnover for the three months ended in Dec. 2023 was 4.38.


Hapvida Participacoes Investimento Receivables Turnover Historical Data

The historical data trend for Hapvida Participacoes Investimento'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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Hapvida Participacoes Investimento Receivables Turnover Chart

Hapvida Participacoes Investimento 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 25.06 23.42 21.78 24.29 17.72

Hapvida Participacoes Investimento Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 4.66 4.71 4.82 4.57 4.38

Competitive Comparison of Hapvida Participacoes Investimento's Receivables Turnover

For the Insurance - Life subindustry, Hapvida Participacoes Investimento'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.


Hapvida Participacoes Investimento's Receivables Turnover Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Hapvida Participacoes Investimento's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hapvida Participacoes Investimento's Receivables Turnover falls into.



Hapvida Participacoes Investimento Receivables Turnover Calculation

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

Hapvida Participacoes Investimento'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 )
=27383.408 / ((1480.801 + 1610.003) / 2 )
=27383.408 / 1545.402
=17.72

Hapvida Participacoes Investimento'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: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=6935.527 / ((1554.326 + 1610.003) / 2 )
=6935.527 / 1582.1645
=4.38

* 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.


Hapvida Participacoes Investimento  (BSP:HAPV3) 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.


Hapvida Participacoes Investimento Receivables Turnover Related Terms

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Hapvida Participacoes Investimento (BSP:HAPV3) Business Description

Traded in Other Exchanges
N/A
Address
No. 406, Avenue Heraclito Graca, Fortaleza, CE, BRA, 60140-061
Hapvida Participacoes Investimento SA is the medical-hospital and dental care company. The Company and its subsidiaries are mainly engaged in: (i) the sale of health insurance plans and delivering the majority of medical assistance at its own hospitals, clinics, imaging diagnostics and laboratories; and (ii) the sale of dental insurance plans for services provided by an accredited network.

Hapvida Participacoes Investimento (BSP:HAPV3) Headlines

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