IHH Healthcare Bhd (IHH Healthcare Bhd) Receivables Turnover : 2.03 (As of Mar. 2024)

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What is IHH Healthcare Bhd 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. IHH Healthcare Bhd's Revenue for the three months ended in Mar. 2024 was $1,263 Mil. IHH Healthcare Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was $623 Mil. Hence, IHH Healthcare Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 2.03.

IHH Healthcare Bhd Receivables Turnover Historical Data

The historical data trend for IHH Healthcare Bhd'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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IHH Healthcare Bhd Receivables Turnover Chart

IHH Healthcare Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.42

7.77

8.88

8.06

8.59

IHH Healthcare Bhd 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															1.98	1.52	1.85	1.86	2.03

Competitive Comparison of IHH Healthcare Bhd's Receivables Turnover

For the Medical Care Facilities subindustry, IHH Healthcare Bhd'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.

IHH Healthcare Bhd's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where IHH Healthcare Bhd's Receivables Turnover falls into.

IHH Healthcare Bhd Receivables Turnover Calculation

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

IHH Healthcare Bhd'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 )
=	4494.286	/ (	(500.496	+	545.86)	/	2 )
=	4494.286	/	523.178
=	8.59

IHH Healthcare Bhd'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 )
=	1263.168	/ (	(545.86	+	700.093)	/	2 )
=	1263.168	/	622.9765
=	2.03

IHH Healthcare Bhd (OTCPK:IHHHF) 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.

IHH Healthcare Bhd Receivables Turnover Related Terms

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IHH Healthcare Bhd (IHH Healthcare Bhd) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » IHH Healthcare Bhd (OTCPK:IHHHF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

Q0F:Singapore 5225:Malaysia

Address

8 Jalan Bukit Pantai, Level 11, Block A, Pantai Hospital Kuala Lumpur, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 59100

Website

https://www.ihhhealthcare.com

IHH Healthcare Bhd operates a network of healthcare clinics, hospitals, and postoperative rehabilitation centers. It also provides ancillary services, which include diagnostic laboratories, imaging centers, ambulatory care, and medical education facilities. The firm receives a majority proportion of its revenue through its Parkway Pantai segment, which operates hospitals and provides healthcare services in Asia. Two of Parkway Pantai's key markets are Singapore and Malaysia. The second majority proportion of revenue comes from Acibadem Holdings, a hospital operator and service provider in Central and Eastern Europe, the Middle East, and North Africa. The Group's operating segments comprise Singapore, Malaysia, India, Greater China, Turkiye and Europe, IMU Health, and PLife REIT.

IHH Healthcare Bhd (IHH Healthcare Bhd) Headlines

From GuruFocus

Q4 2023 IHH Healthcare Bhd Earnings Call Transcript

By GuruFocus Research • 03-02-2024