AMN Healthcare Services Inc (AMN)

Working capital turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	2,983,781	3,067,341	3,233,295	3,483,909	3,789,251	4,096,492	4,381,619	4,816,930	5,243,250	5,480,780	5,219,990	4,650,825	3,984,230	3,252,461	2,926,292	2,677,198	2,393,714	2,349,335	2,365,301	2,292,127
Total current assets	US$ in thousands	594,915	612,266	704,757	790,746	841,685	831,120	807,236	1,071,060	1,093,640	1,206,170	1,190,220	1,478,770	1,349,070	899,531	790,103	830,357	533,735	513,703	518,639	600,594
Total current liabilities	US$ in thousands	545,785	518,546	573,890	623,903	656,121	707,126	673,715	803,601	857,933	891,246	957,379	1,147,580	969,390	641,186	582,563	598,994	422,957	386,168	384,536	373,060
Working capital turnover		60.73	32.73	24.71	20.88	20.42	33.04	32.82	18.01	22.24	17.40	22.42	14.04	10.49	12.59	14.10	11.57	21.61	18.42	17.64	10.07

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,983,781K ÷ ($594,915K – $545,785K)
= 60.73

AMN Healthcare Services Inc's working capital turnover ratio has shown fluctuations over the periods provided. The working capital turnover ratio measures the efficiency of a company in managing its working capital to generate sales revenue. A higher ratio indicates better efficiency in utilizing working capital.

From March 2020 to December 2021, the working capital turnover ratio generally trended upwards, reaching its peak at 22.42 in June 2022. This suggests that the company was effectively utilizing its working capital to generate sales during this period.

However, from September 2022 to September 2023, there was a decrease in the working capital turnover ratio, indicating a potential decrease in efficiency in converting working capital into sales. The ratio saw a significant spike to 60.73 in December 2024, suggesting a sharp increase in efficiency during that period.

Overall, the fluctuations in the working capital turnover ratio suggest varying levels of efficiency in managing working capital to generate sales revenue. It is essential for the company to monitor and analyze these changes to ensure optimal utilization of resources for continued growth and profitability.