Acadia Healthcare Company Inc (ACHC)
Working capital 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 |
| Total current assets | US$ in thousands | 596,000 | 506,125 | 495,031 | 2,523,400 | 542,211 |
| Total current liabilities | US$ in thousands | 885,781 | 388,326 | 404,861 | 1,308,180 | 463,576 |
| Working capital turnover | — | 21.57 | 24.54 | 1.61 | 37.14 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,856,360K ÷ ($596,000K – $885,781K)
= —
The working capital turnover ratio of Acadia Healthcare Company Inc has exhibited varying trends over the past five years. In 2019, the ratio was notably high at 39.52, indicating that the company generated significant revenue relative to its working capital during that period. However, in 2020, the ratio dropped significantly to 1.72, suggesting a substantial decline in the efficiency of converting working capital into sales.
In 2021, there was a notable improvement in the working capital turnover, with the ratio increasing to 25.67. This uptrend continued in 2022, with the ratio further increasing to 22.16. These improvements indicate enhanced efficiency in utilizing working capital to generate revenue and potentially a more streamlined management of the company's current assets and liabilities.
It is important to note that the absence of a specific working capital turnover ratio for 2023 in the provided data raises questions about the company's latest performance in this aspect. Further analysis and access to 2023 financial statements would be necessary to evaluate the current state of Acadia Healthcare Company Inc's working capital turnover and its implications for the company's operational efficiency and financial health.
Peer comparison
Dec 31, 2023