Concentra Group Holdings Parent, Inc. (CON)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | |
|---|---|---|---|
| Inventory turnover | — | — | — |
| Receivables turnover | — | — | — |
| Payables turnover | — | — | — |
| Working capital turnover | 92.91 | 344.80 | — |
The activity ratios of Concentra Group Holdings Parent, Inc. for the years ending December 31, 2023, 2022, and 2021 are as follows:
1. Inventory turnover:
- Data for inventory turnover is not provided in the table for any of the years, indicating that there is no information available regarding how many times the company's inventory was sold and replaced within each year.
2. Receivables turnover:
- Data for receivables turnover is not provided in the table for any of the years, suggesting that information on how many times the company collected its accounts receivable within each year is not available.
3. Payables turnover:
- Data for payables turnover is not provided in the table for any of the years, implying that details regarding how many times the company paid its accounts payable within each year are not provided.
4. Working capital turnover:
- The working capital turnover ratio for Concentra Group Holdings Parent, Inc. decreased from 344.80 in 2022 to 92.91 in 2023, indicating a significant decline in the efficiency of utilizing working capital to generate sales. The absence of data for 2021 makes it difficult to assess the trend over a longer period accurately.
Overall, the absence of specific data for inventory turnover, receivables turnover, and payables turnover limits a more detailed analysis of Concentra Group Holdings Parent, Inc.'s efficiency in managing its inventory, accounts receivable, and accounts payable. The significant decrease in the working capital turnover ratio from 2022 to 2023 suggests a potential inefficiency in utilizing working capital to support sales activities.
Average number of days
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — |
| Days of sales outstanding (DSO) | days | — | — | — |
| Number of days of payables | days | — | — | — |
Based on the information provided for Concentra Group Holdings Parent, Inc., the activity ratios such as Days of Inventory on Hand (DOH), Days of Sales Outstanding (DSO), and Number of Days of Payables have not been provided for the years 2021, 2022, and 2023. Therefore, a detailed analysis and comparison of these activity ratios over the three years cannot be conducted.
Activity ratios are crucial in assessing the efficiency of a company's management of its assets and liabilities. DOH indicates how quickly a company is able to sell its inventory, DSO measures how long it takes to collect receivables, and the number of days of payables reveals how long it takes the company to pay its suppliers.
Without the specific data for the activity ratios, it becomes challenging to evaluate Concentra Group Holdings Parent, Inc.'s performance in managing its inventory, accounts receivable, and accounts payable effectively over the given period. Additional information on these activity ratios for each year would be needed to provide a comprehensive analysis of the company’s operational efficiency and potential areas for improvement.
Long-term
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | |
|---|---|---|---|
| Fixed asset turnover | — | — | — |
| Total asset turnover | 0.79 | 0.75 | — |
The fixed asset turnover for Concentra Group Holdings Parent, Inc. is not available for the years 2023, 2022, and 2021. However, the total asset turnover has shown an increasing trend over the three-year period, with values of 0.75 in 2021, 0.79 in 2022, and a figure yet to be reported for 2023. This suggests that the company is becoming more efficient in generating sales revenue relative to its total assets. A higher total asset turnover ratio indicates that the company is utilizing its assets more effectively to generate sales, potentially leading to improved profitability and operational efficiency in the long term. It would be beneficial for Concentra Group Holdings Parent, Inc. to continue monitoring and enhancing its asset turnover ratios to ensure sustained operational efficiency and financial performance.