Acadia Healthcare Company Inc (ACHC)

Receivables 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
Revenue (ttm)	US$ in thousands	2,856,360	2,780,177	2,699,314	2,624,041	2,540,639	2,462,656	2,385,780	2,316,095	2,212,751	2,176,120	2,418,088	2,579,003	2,821,506	3,060,462	2,977,248	2,991,616	2,964,078	2,927,393	2,911,051	2,890,225
Receivables	US$ in thousands	429,551	515,898	408,889	420,428	353,777	360,509	334,674	336,630	304,441	305,435	336,698	297,116	291,273	361,768	352,758	368,859	364,472	386,635	377,270	359,264
Receivables turnover		6.65	5.39	6.60	6.24	7.18	6.83	7.13	6.88	7.27	7.12	7.18	8.68	9.69	8.46	8.44	8.11	8.13	7.57	7.72	8.04

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,856,360K ÷ $429,551K
= 6.65

The receivables turnover ratio for Acadia Healthcare Company Inc has shown some variability over the past eight quarters. The company's ability to collect its accounts receivable improved in Q3 2022 with a ratio of 7.52 and remained relatively stable in Q4 2022 at 7.60. However, the ratio decreased in Q1 2023 to 6.59 before increasing in Q2 2023 to 6.95 and then further to 5.97 in Q3 2023. It rebounded significantly in Q4 2023 to 7.40.

Overall, Acadia Healthcare Company Inc appears to have a solid turnover of its receivables, with an average ratio of approximately 7.23 over the past eight quarters. This indicates that the company is efficient in collecting payments from its customers and managing its accounts receivable effectively. However, it is important to monitor any further fluctuations in the ratio to ensure continued financial health and efficiency in operations.