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.