AMN Healthcare Services Inc (AMN)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | 73.06 | — | 106.83 | 77.89 | 58.18 | 34.47 | 77.28 | 71.32 | 61.77 | 57.78 | 51.48 | 49.61 | 43.86 | 41.02 | 45.62 | 42.95 | 42.51 |
| Receivables turnover | 5.94 | 7.16 | 7.48 | 6.94 | 7.60 | 7.49 | 6.62 | 4.71 | 5.00 | 5.65 | 6.16 | 4.70 | 6.15 | 6.55 | 6.36 | 6.01 | 6.14 | 5.97 | 5.67 | 5.83 |
| Payables turnover | 10.04 | 10.12 | 11.93 | 8.98 | 9.65 | 10.42 | 9.92 | 8.18 | 8.24 | 10.50 | 10.31 | 9.12 | 13.37 | 10.38 | 11.19 | 8.85 | 9.47 | 10.60 | 11.55 | 9.48 |
| Working capital turnover | 20.13 | 32.66 | 32.49 | 17.85 | 22.07 | 17.27 | 22.26 | 13.93 | 10.40 | 12.49 | 13.95 | 11.43 | 21.26 | 18.12 | 17.39 | 9.95 | 12.08 | 13.15 | 12.17 | 13.68 |
The activity ratios for AMN Healthcare Services Inc. provide insights into the efficiency of the company's operations during each quarter.
1. Receivables turnover: This ratio indicates how many times a company collects its accounts receivables during a specific period. AMN Healthcare Services Inc. has maintained a relatively consistent receivables turnover ratio over the quarters, ranging from 3.66 to 5.86. A higher ratio suggests that the company is efficient in collecting payments from customers.
2. Payables turnover: The payables turnover ratio reflects how quickly a company pays off its suppliers. AMN Healthcare Services Inc. has shown fluctuations in its payables turnover ratio, ranging from 35.22 to 53.59. A higher ratio indicates that the company is managing its payables effectively and possibly taking advantage of supplier credit terms.
3. Working capital turnover: This ratio measures how efficiently a company utilizes its working capital to generate revenue. AMN Healthcare Services Inc. has also experienced variations in its working capital turnover, with figures ranging from 14.04 to 33.04. A higher ratio implies that the company is effectively using its working capital to generate sales.
Overall, consistent monitoring and analysis of these activity ratios can help assess AMN Healthcare Services Inc.'s operational efficiency, liquidity management, and effectiveness in managing its working capital.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | 5.00 | — | 3.42 | 4.69 | 6.27 | 10.59 | 4.72 | 5.12 | 5.91 | 6.32 | 7.09 | 7.36 | 8.32 | 8.90 | 8.00 | 8.50 | 8.59 |
| Days of sales outstanding (DSO) | days | 61.45 | 50.99 | 48.80 | 52.56 | 48.03 | 48.74 | 55.10 | 77.51 | 72.97 | 64.60 | 59.29 | 77.61 | 59.30 | 55.71 | 57.38 | 60.71 | 59.44 | 61.10 | 64.42 | 62.61 |
| Number of days of payables | days | 36.37 | 36.06 | 30.59 | 40.67 | 37.84 | 35.04 | 36.79 | 44.61 | 44.27 | 34.76 | 35.40 | 40.03 | 27.30 | 35.16 | 32.63 | 41.26 | 38.54 | 34.44 | 31.59 | 38.50 |
The activity ratios of AMN Healthcare Services Inc. for the given periods indicate the efficiency of the company in managing its inventory, receivables, and payables.
1. Days of Inventory on Hand (DOH): Unfortunately, the table does not provide any data for Days of Inventory on Hand, making it difficult to assess how efficiently the company is managing its inventory levels. Without this information, it's challenging to evaluate the company's inventory turnover and the effectiveness of inventory management.
2. Days of Sales Outstanding (DSO): The Days of Sales Outstanding (DSO) ratio measures the average number of days it takes for a company to collect its accounts receivable. The trend observed for AMN Healthcare Services Inc. over the quarters shows some fluctuation in DSO, varying between 62.32 days to 73.07 days. A decreasing trend in DSO indicates an improvement in the company's collection of receivables and cash flow management, whereas an increasing trend may signal potential issues with credit policies or customer payment delays.
3. Number of Days of Payables: This ratio reflects how long it takes the company to pay its suppliers. AMN Healthcare Services Inc. shows fluctuating trends in the Number of Days of Payables, ranging from 6.81 days to 10.36 days. A lower number of days indicates that the company is paying its suppliers more quickly, which may strain cash flow, while a higher number of days can suggest favorable payment terms with suppliers or potential liquidity challenges.
Overall, a more detailed analysis incorporating industry benchmarks and comparing these ratios to competitors' performance would provide a clearer picture of AMN Healthcare Services Inc.'s efficiency in managing its working capital and optimizing its operations.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 19.52 | 21.59 | 24.45 | 30.75 | 34.85 | 38.58 | 37.97 | 35.58 | 31.05 | 25.26 | 23.82 | 22.11 | 20.27 | 20.50 | 20.46 | 19.40 | 21.01 | 21.40 | 21.66 | 22.74 |
| Total asset turnover | 1.28 | 1.53 | 1.64 | 1.66 | 1.80 | 1.80 | 1.72 | 1.42 | 1.26 | 1.19 | 1.10 | 1.00 | 1.00 | 0.99 | 0.99 | 0.92 | 1.14 | 1.15 | 1.14 | 1.30 |
AMN Healthcare Services Inc.'s long-term activity ratios, namely the fixed asset turnover and total asset turnover, provide insights into the company's efficiency in utilizing its assets to generate revenue.
1. Fixed Asset Turnover: The fixed asset turnover ratio measures how efficiently the company is using its fixed assets to generate sales. For Q4 2023, the fixed asset turnover was 19.80, which decreased from the previous quarter but remained relatively high compared to historical values. This indicates that AMN Healthcare is generating $19.80 in sales for every $1 invested in fixed assets. The declining trend in recent quarters may suggest either a slowdown in sales growth or an increase in fixed asset investments.
2. Total Asset Turnover: The total asset turnover ratio reflects the company's ability to generate sales using all its assets, including both fixed and current assets. In Q4 2023, the total asset turnover ratio was 1.30, showing a decline from the previous quarter and a downward trend over the last few quarters. This ratio indicates that for every $1 of assets held by AMN Healthcare, the company generated $1.30 in sales. The decreasing trend in total asset turnover could imply inefficiencies in asset utilization or a reduction in sales compared to asset base.
Overall, while the fixed asset turnover ratio highlights the efficiency of AMN Healthcare in utilizing its fixed assets to generate revenue, the total asset turnover ratio provides a broader picture of the company's overall asset utilization efficiency. The declining trends in both ratios signal a potential need for the company to review its asset management strategies to improve operational performance and profitability.