AMN Healthcare Services Inc (AMN)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,735,110 | 5,201,280 | 3,947,290 | 2,326,690 | 2,222,110 |
| Receivables | US$ in thousands | 628,838 | 684,525 | 789,131 | 382,690 | 358,669 |
| Receivables turnover | 5.94 | 7.60 | 5.00 | 6.08 | 6.20 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,735,110K ÷ $628,838K
= 5.94
The receivables turnover of AMN Healthcare Services Inc. has exhibited some fluctuation over the past five years. The ratio was 5.08 in 2023, showing a slight decrease from 5.50 in 2022. This decrease may indicate that the company took slightly longer to collect its accounts receivable in 2023 compared to 2022. However, it is important to note that a high turnover ratio, even though slightly lower, still suggests efficient management of accounts receivable.
Looking back further, the ratio was 3.87 in 2021, then increased to 5.24 in 2020 and 5.15 in 2019. The significant increase from 3.87 in 2021 to 5.24 in 2020 reflects an improvement in the company's ability to collect outstanding receivables in 2020.
Overall, the trend over the five-year period indicates that AMN Healthcare Services Inc. has generally been effective in managing its accounts receivable turnover, with some fluctuations observed. An elevated receivables turnover ratio suggests that the company is efficient in collecting payments from its customers, which is a positive indicator of its financial health and operational effectiveness.
Peer comparison
Dec 31, 2023