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Express Scripts Holding Co (Express Scripts Holding Co) Receivables Turnover : 6.25 (As of Sep. 2018)


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What is Express Scripts Holding 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. Express Scripts Holding Co's Revenue for the three months ended in Sep. 2018 was $25,563 Mil. Express Scripts Holding Co's average Accounts Receivable for the three months ended in Sep. 2018 was $4,088 Mil. Hence, Express Scripts Holding Co's Receivables Turnover for the three months ended in Sep. 2018 was 6.25.


Express Scripts Holding Co Receivables Turnover Historical Data

The historical data trend for Express Scripts Holding 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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Express Scripts Holding Co Receivables Turnover Chart

Express Scripts Holding Co Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.03 20.17 16.02 18.47 24.28

Express Scripts Holding Co Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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 4.53 6.41 6.23 6.45 6.25

Competitive Comparison of Express Scripts Holding Co's Receivables Turnover

For the Healthcare Plans subindustry, Express Scripts Holding 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.


Express Scripts Holding Co's Receivables Turnover Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Express Scripts Holding Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Express Scripts Holding Co's Receivables Turnover falls into.



Express Scripts Holding Co Receivables Turnover Calculation

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

Express Scripts Holding Co's Receivables Turnover for the fiscal year that ended in Dec. 2017 is calculated as

Receivables Turnover (A: Dec. 2017 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2017 ) / ((Accounts Receivable (A: Dec. 2016 ) + Accounts Receivable (A: Dec. 2017 )) / count )
=100064.6 / ((4140.3 + 4101.6) / 2 )
=100064.6 / 4120.95
=24.28

Express Scripts Holding Co's Receivables Turnover for the quarter that ended in Sep. 2018 is calculated as

Receivables Turnover (Q: Sep. 2018 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2018 ) / ((Accounts Receivable (Q: Jun. 2018 ) + Accounts Receivable (Q: Sep. 2018 )) / count )
=25563.2 / ((4105.4 + 4070.4) / 2 )
=25563.2 / 4087.9
=6.25

* 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.


Express Scripts Holding Co  (NAS:ESRX) 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.


Express Scripts Holding Co Receivables Turnover Related Terms

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Express Scripts Holding Co (Express Scripts Holding Co) Business Description

Traded in Other Exchanges
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Express Scripts is the largest pharmacy benefit manager in the United States. Through its mail-order pharmacy and network of retail pharmacies, Express Scripts processes approximately 1.3 billion adjusted prescriptions annually for its payer clients.