Concentra Group Holdings Parent, Inc. (CON)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 1,838,080 | 1,724,360 | 1,732,040 |
| Receivables | US$ in thousands | — | — | — |
| Receivables turnover | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,838,080K ÷ $—K
= —
To calculate the receivables turnover for Concentra Group Holdings Parent, Inc., we need to use the formula:
Receivables Turnover = Net Credit Sales / Average Accounts Receivable
Unfortunately, without the specific values for net credit sales and accounts receivable for the years ending December 31, 2023, 2022, and 2021, we are unable to compute the receivables turnover ratio. This ratio is essential to assess how efficiently the company is collecting payments from its credit customers. A higher receivables turnover indicates that the company is collecting receivables more quickly, which is generally a positive sign of effective credit management. Conversely, a lower turnover could signal potential issues with accounts receivable collection that may warrant further investigation.
To provide a more insightful analysis of Concentra Group Holdings Parent, Inc.'s receivables turnover, we would need the specific financial data for the years in question to calculate the ratio and make informed interpretations regarding the company's liquidity and credit management performance.
Peer comparison
Dec 31, 2023