Galenica (XSWX:GALE) Receivables Turnover : 3.63 (As of Dec. 2023)

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What is Galenica 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. Galenica's Revenue for the six months ended in Dec. 2023 was CHF1,895 Mil. Galenica's average Accounts Receivable for the six months ended in Dec. 2023 was CHF522 Mil. Hence, Galenica's Receivables Turnover for the six months ended in Dec. 2023 was 3.63.

Galenica Receivables Turnover Historical Data

The historical data trend for Galenica'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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Galenica Receivables Turnover Chart

Galenica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.62

8.76

9.26

7.60

7.56

Galenica Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial													4.11	3.61	3.53	3.48	3.63

Competitive Comparison of Galenica's Receivables Turnover

For the Medical Distribution subindustry, Galenica'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.

Galenica's Receivables Turnover Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Galenica's Receivables Turnover distribution charts can be found below:

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

Galenica Receivables Turnover Calculation

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

Galenica'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 )
=	3746.011	/ (	(505.116	+	485.992)	/	2 )
=	3746.011	/	495.554
=	7.56

Galenica's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1894.821	/ (	(557.695	+	485.992)	/	2 )
=	1894.821	/	521.8435
=	3.63

Galenica (XSWX:GALE) 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.

Galenica Receivables Turnover Related Terms

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Galenica (XSWX:GALE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Galenica Ltd. (XSWX:GALE) » Definitions » Receivables Turnover

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GALEz:UK

Address

Untermattweg 8, Bern, CHE, 3027

Website

https://www.galenica.com

Galenica Ltd is an integrated healthcare service provider in Switzerland. The business is primarily operated from two segments Products & Care and Logistics & IT. The Products & Care segment comprises the Retail business area with offerings for patients and end customers and the Professionals business area with offerings for business customers and partners in the healthcare sector. The Logistics & IT segment comprises the two sectors Wholesale and Logistics & IT Services. These provide services for all those involved in the healthcare sector - pharmacies, drugstores, doctors, hospitals and care homes, partners and suppliers.

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