AMN Healthcare Services Inc (AMN)
Cash conversion cycle
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | — | — | 6.58 | — | 4.41 | 6.06 | 8.15 | 13.88 | 6.49 | 7.01 | 8.14 | 8.85 | 7.18 | 7.55 | 8.47 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.58 | 0.00 | 4.41 | 6.06 | 8.15 | 13.88 | 6.49 | 7.01 | 8.14 | 8.85 | 7.18 | 7.55 | 8.47 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
The cash conversion cycle of AMN Healthcare Services Inc has shown some fluctuations over the reporting periods. The trend indicates a decreasing cycle length from March 2020 to September 2021, suggesting an improvement in the efficiency of the company's cash management and working capital. However, the cycle increased significantly in December 2021, possibly indicating challenges in managing cash flows during that period.
It is notable that the cycle dropped sharply to zero days in December 2022, which could be a result of efficient management of receivables, payables, and inventory during that quarter. Subsequently, the cycle remained at zero days for the rest of 2023 and throughout 2024, indicating that the company might have optimized its operations to a point where cash moves through the cycle almost instantaneously.
Overall, the cash conversion cycle analysis suggests that AMN Healthcare Services Inc has made improvements in managing its cash flows and working capital efficiency, leading to shorter conversion cycles and potential benefits in terms of liquidity and operational performance.
Peer comparison
Dec 31, 2024