GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Pihlajalinna Oyj (OHEL:PIHLIS) » Definitions » Receivables Turnover

Pihlajalinna Oyj (OHEL:PIHLIS) Receivables Turnover : 3.21 (As of Mar. 2024)


View and export this data going back to 2015. Start your Free Trial

What is Pihlajalinna Oyj 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. Pihlajalinna Oyj's Revenue for the three months ended in Mar. 2024 was €183.2 Mil. Pihlajalinna Oyj's average Accounts Receivable for the three months ended in Mar. 2024 was €57.1 Mil. Hence, Pihlajalinna Oyj's Receivables Turnover for the three months ended in Mar. 2024 was 3.21.


Pihlajalinna Oyj Receivables Turnover Historical Data

The historical data trend for Pihlajalinna Oyj'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.

* Premium members only.

Pihlajalinna Oyj Receivables Turnover Chart

Pihlajalinna Oyj Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.17 11.36 8.40 8.89 10.41

Pihlajalinna Oyj 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 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 2.83 3.33 2.91 3.03 3.21

Competitive Comparison of Pihlajalinna Oyj's Receivables Turnover

For the Medical Care Facilities subindustry, Pihlajalinna Oyj'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.


Pihlajalinna Oyj's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Pihlajalinna Oyj's Receivables Turnover falls into.



Pihlajalinna Oyj Receivables Turnover Calculation

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

Pihlajalinna Oyj'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 )
=719.984 / ((76.806 + 61.498) / 2 )
=719.984 / 69.152
=10.41

Pihlajalinna Oyj'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 )
=183.2 / ((61.498 + 52.8) / 2 )
=183.2 / 57.149
=3.21

* 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.


Pihlajalinna Oyj  (OHEL:PIHLIS) 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.


Pihlajalinna Oyj Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Pihlajalinna Oyj's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Pihlajalinna Oyj (OHEL:PIHLIS) Business Description

Traded in Other Exchanges
Address
Kehrasaari B, Tampere, FIN, 33200
Pihlajalinna Oyj is a private provider of healthcare and wellbeing services in Finland. The company is engaged in the business of providing healthcare and social care services to municipalities, hospital districts, companies, insurance companies, and private persons. The service selection includes general practitioner and medical specialist services, occupational healthcare, social and healthcare outsourcing, fitness center services, responsible doctor, and remote consultation services as well as residential services and staffing services.

Pihlajalinna Oyj (OHEL:PIHLIS) Headlines

No Headlines