Adapthealth Corp (AHCO)
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 | 3,071,305 | 2,996,410 | 2,952,637 | 2,893,848 | 2,862,561 | 2,123,026 | 2,015,922 | 1,899,702 | 1,673,661 | 1,677,361 | 1,322,838 | 961,338 | 689,118 | 816,705 | 675,717 | 560,602 | 488,217 | 638,679 | 615,140 | 572,856 |
| Receivables | US$ in thousands | 457,310 | 415,440 | 403,108 | 384,626 | 397,746 | 381,241 | 377,745 | 389,698 | 383,696 | 365,415 | 320,427 | 274,561 | 191,265 | 165,835 | 136,043 | 136,715 | 87,231 | — | — | — |
| Receivables turnover | 6.72 | 7.21 | 7.32 | 7.52 | 7.20 | 5.57 | 5.34 | 4.87 | 4.36 | 4.59 | 4.13 | 3.50 | 3.60 | 4.92 | 4.97 | 4.10 | 5.60 | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,071,305K ÷ $457,310K
= 6.72
The receivables turnover ratio for AdaptHealth Corp has been relatively stable over the past eight quarters, ranging from 7.24 to 8.52 times. This indicates that, on average, the company collects its accounts receivable approximately 7.24 to 8.52 times per year.
The consistent and relatively high values of the receivables turnover ratio suggest that AdaptHealth Corp has been efficiently managing its accounts receivable, promptly converting credit sales into cash. A higher turnover ratio typically signifies quicker collection of outstanding receivables, which may indicate effective credit policies, strong customer relationships, or efficient collection procedures.
Overall, the trend in the receivables turnover ratio for AdaptHealth Corp indicates solid management of its accounts receivable and suggests a healthy cash flow position resulting from effective credit management practices.
Peer comparison
Dec 31, 2023