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Medi Assist Healthcare Services (NSE:MEDIASSIST) Receivables Turnover : 1.66 (As of Mar. 2024)


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What is Medi Assist Healthcare Services 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. Medi Assist Healthcare Services's Revenue for the six months ended in Mar. 2024 was ₹3,328 Mil. Medi Assist Healthcare Services's average Accounts Receivable for the six months ended in Mar. 2024 was ₹2,004 Mil. Hence, Medi Assist Healthcare Services's Receivables Turnover for the six months ended in Mar. 2024 was 1.66.

Medi Assist Healthcare Services Receivables Turnover Historical Data

The historical data trend for Medi Assist Healthcare Services'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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Medi Assist Healthcare Services Receivables Turnover Chart

Medi Assist Healthcare Services Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Receivables Turnover
2.78 3.35 4.11 4.15

Medi Assist Healthcare Services Semi-Annual Data
Mar21 Mar22 Sep22 Mar23 Sep23 Mar24
Receivables Turnover Get a 7-Day Free Trial - 2.05 2.06 1.73 1.66

Competitive Comparison of Medi Assist Healthcare Services's Receivables Turnover

For the Healthcare Plans subindustry, Medi Assist Healthcare Services'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.

Medi Assist Healthcare Services's Receivables Turnover Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Medi Assist Healthcare Services's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Medi Assist Healthcare Services's Receivables Turnover falls into.


Medi Assist Healthcare Services Receivables Turnover Calculation

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

Medi Assist Healthcare Services's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Receivables Turnover (A: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2024 ) / ((Accounts Receivable (A: Mar. 2023 ) + Accounts Receivable (A: Mar. 2024 )) / count )
=6347.25 / ((1271.57 + 1786.25) / 2 )
=6347.25 / 1528.91
=4.15

Medi Assist Healthcare Services'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: Sep. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=3327.69 / ((2222.63 + 1786.25) / 2 )
=3327.69 / 2004.44
=1.66

* 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.

Medi Assist Healthcare Services  (NSE:MEDIASSIST) 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.

Medi Assist Healthcare Services Receivables Turnover Related Terms

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Medi Assist Healthcare Services (NSE:MEDIASSIST) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Medi Assist Healthcare Services Ltd (NSE:MEDIASSIST) » Definitions » Receivables Turnover
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544088:India
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Medi Assist Healthcare Services Ltd is a HealthTech and InsurTech company focused on administering health benefits across employers, retail members, and public health schemes. Its clients are insurance companies and also serve as an intermediary between (a) general and health insurance companies and the insured members, (b) insurance companies and healthcare providers (such as hospitals), and (c) the Government and beneficiaries of public health schemes. The company derives income by providing health management services, software subscription, software license services, consultancy services and other allied services pertaining to healthcare and health insurance sector. It also offers business support services and other technical services.

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