Adapthealth Corp (AHCO)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,259,430 | 3,071,300 | 2,862,560 | 2,350,980 | 1,023,920 |
| Total current assets | US$ in thousands | 755,788 | 649,022 | 585,308 | 670,058 | 363,251 |
| Total current liabilities | US$ in thousands | 566,987 | 536,999 | 456,214 | 499,812 | 422,053 |
| Working capital turnover | 17.26 | 27.42 | 22.17 | 13.81 | — |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,259,430K ÷ ($755,788K – $566,987K)
= 17.26
The working capital turnover of Adapthealth Corp has shown a significant improvement over the years, increasing from 13.81 in December 31, 2021, to 22.17 in December 31, 2022, further rising to 27.42 in December 31, 2023. The company efficiently utilized its working capital to generate sales during these years. However, there was a slight decline in the working capital turnover to 17.26 in December 31, 2024, indicating a decrease in the efficiency of working capital utilization compared to the previous year. Overall, the trend suggests that Adapthealth Corp has been effectively managing its working capital to support its operations and generate revenues, although some fluctuations were observed in the most recent year.
Peer comparison
Dec 31, 2024