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.