National HealthCare Corporation (NHC)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,141,540 | 1,085,740 | 1,074,300 | 1,028,220 | 996,383 |
| Receivables | US$ in thousands | 109,048 | 100,288 | 96,577 | 90,598 | 97,230 |
| Receivables turnover | 10.47 | 10.83 | 11.12 | 11.35 | 10.25 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,141,540K ÷ $109,048K
= 10.47
The receivables turnover ratio for National Healthcare Corp. has exhibited consistency over the past five years, ranging from 10.25 to 10.79 times. The ratio indicates how efficiently the company is able to collect payment from its customers. A higher receivables turnover ratio suggests that the company is effectively managing its credit and collection process, converting its accounts receivable into cash quickly. In this case, the company's consistent ratio above 10 indicates that National Healthcare Corp. has been successful in managing its accounts receivable effectively over the years. This efficiency in collecting payments can positively impact the company's cash flow and overall financial health.
Peer comparison
Dec 31, 2023