admissions -plus discharges divided by bed days of care
Here is a link to Annual Employee Turnover Calculator http://www.assessmentcompany.com/resources/costperhire.html
There are two ways to calculate Creditors Turnover. First is using the COGS (Cost of Goods Sold) as the basis. Creditors Turnover = COGS / Creditors (A/c Payables) . Second is the more common method which uses Sales as the basis. Creditors Turnover = Net Sales / Creditors (A/c Payables).
Total asset turnover ratio = total sales / total assets
Stock turnover period = Closing stock x 365 / cost of sales
Net Sales / Average Accounts Receivable = Account Receivable Turnover
First calculate A/R turnover: A/R Turnover = Sales/ Average A/R A/R days outstanding = Amt. of days in a year (could be 360 or 365 depending on problem) divided by A/R turnover In short, A/R outstanding = 365/accounts receivable turnover.
shareholder equity / total assets
the formula of calculating account receivable turnover = Net Sales/ average gross receivable
Generally inventory turnover period is calculated as: Sales/Inventory Also by, Cost of Goods Sold/ Average Inventory
Debtor turn over ratio = Total sales / debtors By using this formula debtor turnover ratio can be found.
stock turnover ratio= cost of goods sold divided by stock or you can say it like... net sales / average inventory
Some facilities prefer using the bed turnover rate over the percentage of occupancy because it provides a clearer picture of patient flow and utilization efficiency. Bed turnover rate reflects how frequently beds are occupied by different patients over a specific period, indicating the facility's capacity to manage patient admissions and discharges effectively. This metric can be more useful for operational planning and resource allocation, especially in settings with high patient turnover, as it emphasizes the dynamic nature of patient care rather than just static occupancy levels.