Rhoen Klinikum AG (WBO:RHK) Receivables Turnover : 1.64 (As of Mar. 2024)

View and export this data going back to 2013. Start your Free Trial

What is Rhoen Klinikum 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. Rhoen Klinikum AG's Revenue for the three months ended in Mar. 2024 was €383 Mil. Rhoen Klinikum AG's average Accounts Receivable for the three months ended in Mar. 2024 was €234 Mil. Hence, Rhoen Klinikum AG's Receivables Turnover for the three months ended in Mar. 2024 was 1.64.

Rhoen Klinikum AG Receivables Turnover Historical Data

The historical data trend for Rhoen Klinikum 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.

* Premium members only.

Rhoen Klinikum AG Receivables Turnover Chart

Rhoen Klinikum AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

5.94

6.47

6.89

6.55

6.39

Rhoen Klinikum AG 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															1.58	1.51	1.47	1.62	1.64

Competitive Comparison of Rhoen Klinikum AG's Receivables Turnover

For the Medical Care Facilities subindustry, Rhoen Klinikum 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.

Rhoen Klinikum AG's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Rhoen Klinikum AG's Receivables Turnover falls into.

Rhoen Klinikum AG Receivables Turnover Calculation

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

Rhoen Klinikum AG'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 )
=	1463.979	/ (	(228.602	+	229.528)	/	2 )
=	1463.979	/	229.065
=	6.39

Rhoen Klinikum AG'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 )
=	382.819	/ (	(229.528	+	238.464)	/	2 )
=	382.819	/	233.996
=	1.64

Rhoen Klinikum AG (WBO:RHK) 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.

Rhoen Klinikum AG Receivables Turnover Related Terms

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

Rhoen Klinikum AG (WBO:RHK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Rhoen Klinikum AG (WBO:RHK) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

RKAGY:USA RHKJF:USA 0NQH:UK RHK:Germany

Address

Salzburger Leite 1, Bad Neustadt a. d. Saale, DEU, 97616

Website

https://www.rhoen-klinikum-ag.com

Rhoen Klinikum AG provides medical care focused in five key areas: cardiovascular medicine, neuromedicine, oncology, pulmonary diseases, and orthopedic and trauma surgery. The firm operates in three business areas: acute hospitals, medical care centers, and rehabilitation hospitals. The acute hospitals business contributes to the vast majority of the firm's overall revenue. The majority of patients at the firm's acute hospitals and medical care centers are treated on an outpatient basis. Rhoen Klinikum generates the entirety of its revenue in Germany, with the Bavaria and Hesse regions contributing the largest proportions of revenue.

Rhoen Klinikum AG (WBO:RHK) Headlines

No Headlines