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.
Peer comparison
Dec 31, 2023