Limes Schlosskliniken AG (STU:LIK) Receivables Turnover : 4.64 (As of Jun. 2023)

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What is Limes Schlosskliniken AG 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. Limes Schlosskliniken AG's Revenue for the six months ended in Jun. 2023 was €13.98 Mil. Limes Schlosskliniken AG's average Accounts Receivable for the six months ended in Jun. 2023 was €3.01 Mil. Hence, Limes Schlosskliniken AG's Receivables Turnover for the six months ended in Jun. 2023 was 4.64.

Limes Schlosskliniken AG Receivables Turnover Historical Data

The historical data trend for Limes Schlosskliniken AG'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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Limes Schlosskliniken AG Receivables Turnover Chart

Limes Schlosskliniken AG Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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8.26

7.40

8.97

11.91

10.11

Limes Schlosskliniken AG Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial							4.76	6.38	5.21	5.64	4.64

Competitive Comparison of Limes Schlosskliniken AG's Receivables Turnover

For the Medical Care Facilities subindustry, Limes Schlosskliniken AG'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.

Limes Schlosskliniken AG's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Limes Schlosskliniken AG's Receivables Turnover falls into.

Limes Schlosskliniken AG Receivables Turnover Calculation

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

Limes Schlosskliniken AG's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	28.807	/ (	(2.643	+	3.057)	/	2 )
=	28.807	/	2.85
=	10.11

Limes Schlosskliniken AG's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	13.983	/ (	(3.057	+	2.969)	/	2 )
=	13.983	/	3.013
=	4.64

Limes Schlosskliniken AG (STU:LIK) 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.

Limes Schlosskliniken AG Receivables Turnover Related Terms

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Limes Schlosskliniken AG (STU:LIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Limes Schlosskliniken AG (STU:LIK) » Definitions » Receivables Turnover

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Traded in Other Exchanges

LIK:Germany

Address

Kaiser-Wilhelm-Ring 26, Cologne, NW, DEU, 50672

Website

https://www.limes-schlosskliniken.de

Limes Schlosskliniken AG operates mental and psychosomatic mental health clinic. It specializes in the treatment of stress disorders including depressions, Burnout Syndrome, Posttraumatic stress disorder, Anxiety / obsessive-compulsive disorder, eating disorders, personality disorders, and Somatization disorders such as chronic pain. LIMES Schlosskliniken operates in the market for high-quality private hospitals specializing in psychiatry, psychotherapy, and psychosomatics in Germany and Switzerland.

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