Acadia Healthcare Company Inc (ACHC)
Inventory turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,937,203 | 1,854,899 | 1,801,763 | 1,731,502 | 1,665,771 | 1,661,384 | 1,588,263 | 1,555,566 | 1,503,078 | 744,093 | 986,463 | 1,153,255 | 1,367,517 | 1,884,906 | 1,835,767 | 1,842,936 | 1,824,351 | 2,107,851 | 2,083,003 | 2,055,327 |
| Inventory | US$ in thousands | 5,300 | 5,475 | 5,437 | 5,283 | 5,087 | 4,854 | 4,866 | 4,768 | 4,786 | 4,322 | 4,666 | 4,579 | 4,851 | 5,092 | 4,712 | 4,882 | 4,075 | 4,337 | 6,076 | 6,115 |
| Inventory turnover | 365.51 | 338.79 | 331.39 | 327.75 | 327.46 | 342.27 | 326.40 | 326.25 | 314.06 | 172.16 | 211.42 | 251.86 | 281.90 | 370.17 | 389.59 | 377.50 | 447.69 | 486.02 | 342.82 | 336.11 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,937,203K ÷ $5,300K
= 365.51
Based on the data provided, Acadia Healthcare Company Inc has consistently reported an inventory turnover ratio of 0.00 for all quarters from Q1 2022 to Q4 2023. A zero inventory turnover ratio typically indicates that the company is not effectively managing its inventory levels or that there may be issues with the calculation of this ratio.
A lack of turnover in inventory could imply that the company is carrying excessive inventory levels relative to its sales or that demand for its products or services is low. This can lead to increased holding costs, potential obsolescence, and reduced cash flow efficiency. It may also suggest inadequate inventory management practices, such as overstocking or slow-moving inventory.
Further investigation into Acadia Healthcare's inventory management processes, supply chain efficiency, and demand forecasting may be necessary to pinpoint the reasons for consistently low inventory turnover and to identify areas for improvement in optimizing its inventory levels and operations.
Peer comparison
Dec 31, 2023
Dec 31, 2023