The Oncology Institute Warrant(Toiiw) Financials: Receivables Turnover Compared To Industry Average, Plus Other Key Ratios
Growth Trend (Last 5 Years)
Growth - receivables turnover
This chart shows the historical trend of receivables turnover for TOIIW compared to its industry average over the recent years.
Ratio Definition and Interpretation
Name: Receivables Turnover
Definition: Receivables turnover tells you how quickly the company collects payments from customers after making sales on credit. A high turnover means customers pay on time and cash flows smoothly. Slow turnover suggests delayed collections, which can create cash shortages and financing stress.
Interpretation:
• In '2021', TOIIW's receivables turnover was 9.56, showing efficiency in collecting outstanding receivables. Industry average for Medical/Nursing Services in '2021' stood at 6.36.
• In '2022', TOIIW's receivables turnover was 8.19, showing efficiency in collecting outstanding receivables. The decline from '2021' may indicate some operational or financial challenges. Industry average for Medical/Nursing Services in '2022' stood at 6.36. Industry average increased by 0.00 compared to previous year.
• In '2023', TOIIW's receivables turnover was 7.78, showing efficiency in collecting outstanding receivables. The decline from '2022' may indicate some operational or financial challenges. Industry average for Medical/Nursing Services in '2023' stood at 6.51. Industry average increased by 0.15 compared to previous year.
• In '2024', TOIIW's receivables turnover was 8.59, showing efficiency in collecting outstanding receivables. The increase since '2023' reflects strengthening financial performance. Industry average for Medical/Nursing Services in '2024' stood at 6.98. Industry average increased by 0.47 compared to previous year.
Overall, TOIIW's receivables turnover has consistently declined during the past 4 years.
Formula: Receivables Turnover = Net Credit Sales / Average Accounts Receivable
Good Range: Ranges 5 to 15 depending on credit terms.