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. Civitas Solutions's Revenue for the
three
months ended in Dec. 2018 was $407 Mil. Civitas Solutions's average Accounts Receivable for the
three
months ended in Dec. 2018 was $180 Mil.
Hence, Civitas Solutions's Receivables Turnover for the
three
months ended in Dec. 2018 was 2.26.
Civitas Solutions Receivables Turnover Historical Data
The historical data trend for Civitas Solutions'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.
Competitive Comparison of Civitas Solutions's Receivables Turnover
For the Medical Care Facilities subindustry, Civitas Solutions'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.
Civitas Solutions's Receivables Turnover Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Civitas Solutions's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Civitas Solutions's Receivables Turnover falls into.
Civitas Solutions Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Civitas Solutions's Receivables Turnover for the fiscal year that ended in Sep. 2018 is calculated as
* 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.
Civitas Solutions (NYSE:CIVI) 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.
Civitas Solutions Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Civitas Solutions's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Civitas Solutions (Civitas Solutions) Business Description
Civitas Solutions Inc provides health services to people with intellectual, developmental, physical, or behavioral disabilities and other special needs. Its revenue is generated exclusively in the United States. Civitas operates in two segments: human services and post-acute specialty rehabilitation services, or SRS. The human services segment contributes the vast majority of revenue and provides services to people with disabilities, at-risk youth, and the elderly. Its programs for people with intellectual or developmental disabilities provide residential support, case management, and vocational services. The SRS segment provides rehabilitation and transitional living services to people who have experienced brain or spinal injuries or other severe illnesses or injuries.
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