Acadia Healthcare Company Inc (ACHC)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,856,360 | 2,540,640 | 2,212,750 | 1,957,410 | 2,920,370 |
| Receivables | US$ in thousands | 429,551 | 353,777 | 304,441 | 291,273 | 364,472 |
| Receivables turnover | 6.65 | 7.18 | 7.27 | 6.72 | 8.01 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,856,360K ÷ $429,551K
= 6.65
The receivables turnover ratio measures how efficiently Acadia Healthcare Company Inc collects payments from its customers over a specific period.
From 2019 to 2023, Acadia's receivables turnover ratio has ranged from 7.20 to 8.28 times. A higher turnover ratio indicates that the company is collecting its receivables more efficiently.
The trend in Acadia's receivables turnover shows a slight fluctuation in recent years, with a peak in 2019 at 8.28 and a low in 2020 at 7.20. This indicates that the company has been consistent in managing its accounts receivable turnover over the past five years.
Overall, a steady and relatively high receivables turnover ratio suggests that Acadia Healthcare Company Inc has been effective in managing its accounts receivable and converting sales into cash efficiently.