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.
Peer comparison
Dec 31, 2023