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Wellcare Health Plans inc   (WCG)
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Wellcare Health Plans Inc Accounts Receivables Turnover Ratio from the third quarter 2019 to the third quarter 2018

Quarterly Results, Trends, Rankings, Statistics


Wellcare Health Plans Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2019 to a ratio of 57.03, above the company average. This is a clear sign of healthy business climate in the Accident & Health Insurance industry and improving liquidity at their respective customers, during the third quarter 2019. Average receivable collection period, for the Wellcare Health Plans Inc in Sep 30 2019 quarter, has decreased to 6 days, compared to 7 days, in the Jun 30 2019 quarter.

If we take a look into Financial sector 10 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Sep 30 2019 from 233 to 254.

What is Receivable Turnover Ratio?
What is Wellcare Health Plans Inc Selling?


What is Receivable Turnover Ratio?




WCG Receivables Turnover Ratio (Sep 30 2019)
III. Quarter
(Jun 30 2019)
II. Quarter
(Mar 31 2019)
I. Quarter
(Dec 31 2018)
IV. Quarter
(Sep 30 2018)
III. Quarter
Y / Y Receivable Change -12.11 % 3.3 % 44.51 % 37.49 % 43.95 %
Y / Y Revenue Change 41.16 % 51.11 % 45.54 % 39.72 % 14.88 %
Receivable Turnover Ratio (TTM) 57.03 51.01 46.49 46.16 45.49
WCG's Total Ranking # 254 # 233 # 262 # 234 # 262
Average receivable collection period 6 7 8 8 8
Seq. Receivable Change -2.84 % -18.65 % 19.41 % -6.87 % 14.2 %
Seq. Revenue Change 1.86 % 3.67 % 11.39 % 20.02 % 9.03 %


Receivable Turnover Company Ranking
Within: No.
Accident & Health Insurance Industry # 3
Financial Sector # 11
Overall Market # 254

Receivable Turnover Ratio Statistics
High Average Low
3.15 2.44 1.84
(March 31, 2014)   (Sep 30 2018)






Financial Statements
Wellcare Health Plans Inc 's Accounts Receivable $ 435 Millions Visit WCG's Balance sheet
Wellcare Health Plans Inc 's Sales TTM $ 26,983 Millions Visit WCG's Income Statement
Where are WCG's Sales coming from? Visit WCG's Sales by Geography

Other Accounts Receivable Turnover Ratios
Accident & Health Insurance Industry Accounts Receivable Turnover Trends and Statistics
Financial Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
WCG's Receivable Turnover Ratio versus Accident & Health Insurance Industry, Financial Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover
Accounts Receivable Turnover for WCG's Competitors
Receivables Turnover Ratio for WCG's Suppliers
Accounts Receivables Turnover Ratio for WCG's Customers

You may also want to know
WCG's Growth Rates WCG's Roa WCG's Inventory Turnover Ratio WCG's Dividend Comparisons
WCG's Profitability Ratios WCG's Roi WCG's Asset Turnover Ratio WCG's Dividend Growth
WCG's Valuation Ratios WCG's Roe WCG's Financial Strength Ratios WCG's Dividend Payout Ratio



Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2019, within Financial Sector Receivable Turnover Ratio Revenues for 12 Months ending Sep 30 2019 Receivable at quarter ending Sep 30 2019
Potomac Futures Fund Lp  168.14 $ 5.970  Millions$ 0.036  Millions
Ehealth Inc   155.62 $ 339.370  Millions$ 2.181  Millions
Alexandria Real Estate Equities Inc   148.82 $ 1,463.645  Millions$ 9.835  Millions
Franklin Financial Services Corporation  120.18 $ 55.101  Millions$ 0.459  Millions
Service Properties Trust  119.43 $ 2,286.041  Millions$ 19.142  Millions
Phillips Edison and Company Inc   115.32 $ 519.480  Millions$ 4.505  Millions
Jmp Group Llc  108.03 $ 111.141  Millions$ 1.029  Millions
Stonex Group Inc   103.27 $ 26,344.807  Millions$ 255.100  Millions
Invesco Db Precious Metals Fund  99.64 $ 17.828  Millions$ 0.179  Millions
Ares Management Corporation  97.52 $ 2,035.270  Millions$ 20.870  Millions
Benefytt Technologies Inc   95.54 $ 358.564  Millions$ 3.753  Millions
Columbia Property Trust Inc   95.40 $ 295.635  Millions$ 3.099  Millions
Financial Gravity Companies Inc.  94.85 $ 4.075  Millions$ 0.043  Millions
Global Self Storage Inc   92.80 $ 8.514  Millions$ 0.092  Millions
Old Republic International Corporation  91.31 $ 6,565.300  Millions$ 71.900  Millions
Ready Capital Corporation  84.17 $ 275.101  Millions$ 3.269  Millions
Morgan Stanley Smith Barney Spectrum Select Lp  79.00 $ 3.089  Millions$ 0.039  Millions
First Industrial Realty Trust Inc   78.81 $ 420.308  Millions$ 5.333  Millions
Netcapital Inc   77.86 $ 1.689  Millions$ 0.022  Millions
Alexanders Inc  77.63 $ 380.832  Millions$ 4.906  Millions
Veris Residential Inc   69.90 $ 529.530  Millions$ 7.575  Millions
Invesco Db Us Dollar Index Bullish Fund  67.42 $ 22.706  Millions$ 0.337  Millions
American Campus Communities Inc   62.81 $ 933.080  Millions$ 14.857  Millions
Arbor Realty Trust Inc   57.18 $ 361.050  Millions$ 6.315  Millions
Rexford Industrial Realty Inc   57.16 $ 249.822  Millions$ 4.371  Millions
Wellcare Health Plans inc   57.03 $ 26,983.300  Millions$ 473.175  Millions
Union Bankshares Inc   55.88 $ 39.286  Millions$ 0.703  Millions
Prosper Marketplace Inc   54.44 $ 137.922  Millions$ 2.534  Millions
Humana Inc   53.16 $ 62,761.000  Millions$ 1,180.500  Millions
Life Storage Inc   53.05 $ 565.449  Millions$ 10.659  Millions

Date modified: 2023-03-22T17:58:47+00:00



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