Acadia Healthcare Company Inc (ACHC)

Working capital 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
Total current assets US$ in thousands 596,000 703,475 578,757 537,790 506,125 521,656 518,032 530,099 495,031 567,159 575,626 528,225 2,523,400 756,410 610,941 502,952 542,211 536,913 471,494 452,514
Total current liabilities US$ in thousands 885,781 864,890 432,482 378,129 388,326 401,013 441,653 410,751 404,861 403,292 425,215 410,979 1,308,180 601,339 527,364 579,584 463,576 458,206 430,688 424,671
Working capital turnover 18.45 16.44 21.57 20.41 31.24 19.41 24.54 13.28 16.08 22.00 2.32 19.74 35.62 37.69 37.19 71.34 103.80

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,856,360K ÷ ($596,000K – $885,781K)
= —

The working capital turnover for Acadia Healthcare Company Inc fluctuated over the past eight quarters. It decreased from 22.16 in Q4 2022 to 16.90 in Q1 2023 before increasing to 18.99 in Q2 2023. The ratio peaked at 32.07 in Q2 2022 before declining in subsequent quarters. Overall, the company's working capital turnover indicates how efficiently it is utilizing its working capital to generate revenue.