Narayana Hrudayalaya (NSE:NH) Receivables Turnover : 3.02 (As of Mar. 2024)

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What is Narayana Hrudayalaya 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. Narayana Hrudayalaya's Revenue for the three months ended in Mar. 2024 was ₹12,759 Mil. Narayana Hrudayalaya's average Accounts Receivable for the three months ended in Mar. 2024 was ₹4,219 Mil. Hence, Narayana Hrudayalaya's Receivables Turnover for the three months ended in Mar. 2024 was 3.02.

Narayana Hrudayalaya Receivables Turnover Historical Data

The historical data trend for Narayana Hrudayalaya'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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Narayana Hrudayalaya Receivables Turnover Chart

Narayana Hrudayalaya Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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11.83

9.55

10.35

10.42

11.76

Narayana Hrudayalaya 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															2.83	2.86	2.35	2.17	3.02

Competitive Comparison of Narayana Hrudayalaya's Receivables Turnover

For the Medical Care Facilities subindustry, Narayana Hrudayalaya'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.

Narayana Hrudayalaya's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Narayana Hrudayalaya's Receivables Turnover falls into.

Narayana Hrudayalaya Receivables Turnover Calculation

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

Narayana Hrudayalaya'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 )
=	50182.49	/ (	(4315	+	4218.77)	/	2 )
=	50182.49	/	4266.885
=	11.76

Narayana Hrudayalaya'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 )
=	12759.39	/ (	(0	+	4218.77)	/	1 )
=	12759.39	/	4218.77
=	3.02

Narayana Hrudayalaya (NSE:NH) 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.

Narayana Hrudayalaya Receivables Turnover Related Terms

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Narayana Hrudayalaya (NSE:NH) Business Description

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539551:India

Address

Hosur Road, Anekal Taluk, 261/A, 2nd Floor, Bommasandra Industrial Area, Bengaluru, KA, IND, 560099

Website

https://www.narayanahealth.org

Narayana Hrudayalaya Ltd is an India-based medical and healthcare service provider. It operates a chain of multispecialty, tertiary healthcare facilities. The hospital offers medical services in the field of dermatology, haematology, neurology, orthopaedics, paediatrics, cancer care, cardiology, pulmonology, and others. It also provides surgery services such as Cardiac Surgery, Neurosurgery, Thoracic Surgery, Renal Transplant and others. Imaging and radiology services, Physiotherapy sessions, and blood banks service are some of the diagnostics and support provided by the hospital. It has business operations in India and the Rest of the world, of which maximum revenue is generated from the business operations in India.

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