AMN Healthcare Services Inc (AMN)

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	3,735,110	4,049,756	4,337,454	4,774,860	5,201,610	5,439,780	5,182,737	4,613,541	3,947,321	3,227,672	2,894,162	2,643,736	2,355,387	2,311,008	2,331,708	2,263,912	2,202,535	2,144,278	2,106,704	2,129,324
Receivables	US$ in thousands	628,838	565,724	579,926	687,645	684,525	726,392	782,426	979,709	789,131	571,220	470,099	562,163	382,690	352,746	366,574	376,528	358,669	358,942	371,844	365,231
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

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,735,110K ÷ $628,838K
= 5.94

AMN Healthcare Services Inc.'s receivables turnover has displayed fluctuations over the past eight quarters, ranging from a low of 3.66 in Q1 2022 to a high of 5.86 in Q2 2023. Generally, the company's receivables turnover ratio has been relatively stable, with a median value of around 5.33. This indicates that, on average, AMN Healthcare Services Inc. is able to collect its accounts receivable approximately five times per year. A higher receivables turnover ratio reflects that the company efficiently collects its outstanding receivables, which is generally considered a positive indicator of financial health. However, it is important to consider the industry benchmarks and trends over time to better assess the effectiveness of AMN Healthcare Services Inc.'s receivables management.