Community Healthcare Trust Inc (CHCT)
Working capital 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 | 112,845 | 109,063 | 105,135 | 101,374 | 97,679 | 95,579 | 94,026 | 92,665 | 90,579 | 87,461 | 83,551 | 79,143 | 75,684 | 72,393 | 69,308 | 65,344 | 60,849 | 56,210 | 52,556 | 50,642 |
| Total current assets | US$ in thousands | 3,962 | 4,409 | 3,204 | 4,296 | 11,916 | 3,393 | 2,489 | 2,021 | 3,247 | 6,335 | 9,297 | 6,663 | 2,962 | 12,691 | 5,482 | 3,965 | 2,423 | 2,470 | 9,802 | 4,716 |
| Total current liabilities | US$ in thousands | 67,410 | 68,193 | 31,240 | 10,478 | 11,377 | 68,892 | 49,186 | 26,754 | 7,845 | 14,690 | 15,371 | 13,526 | 41,339 | 5,800 | 23,497 | 29,297 | 3,606 | 40,254 | 22,395 | 3,351 |
| Working capital turnover | — | — | — | — | 181.22 | — | — | — | — | — | — | — | — | 10.51 | — | — | — | — | — | 37.10 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $112,845K ÷ ($3,962K – $67,410K)
= —
Community Healthcare Trust Inc's working capital turnover has shown fluctuations over the past eight quarters, ranging from 2.23 to 3.02. The working capital turnover ratio indicates how efficiently the company is utilizing its working capital to generate revenue. A higher ratio suggests that the company is effectively leveraging its current assets to generate sales.
In Q4 2023, the working capital turnover ratio was at its highest level of 3.02, indicating that the company generated $3.02 in revenue for every dollar of working capital invested. This suggests an efficient use of working capital during that period. In contrast, Q1 2023 had the lowest ratio of 2.23, indicating a decline in efficiency compared to Q4 2023.
Overall, there seems to be some variability in the company's working capital turnover, which could be attributed to changes in the management of current assets and liabilities. It is important for Community Healthcare Trust Inc to closely monitor this ratio and strive for consistency or improvement to ensure optimal utilization of working capital resources.
Peer comparison
Dec 31, 2023