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.

Peer comparison

Dec 31, 2023

Company name

Symbol

Working capital turnover

Acadia Healthcare Company Inc

ACHC

—

Concentra Group Holdings Parent, Inc.

CON

14.61