Concentra Group Holdings Parent, Inc. (CON)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,900,152 | 1,875,891 | 1,853,332 | 1,831,715 |
| Receivables | US$ in thousands | 217,719 | 232,202 | 228,964 | — |
| Receivables turnover | 8.73 | 8.08 | 8.09 | — |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,900,152K ÷ $217,719K
= 8.73
The receivables turnover ratio for Concentra Group Holdings Parent, Inc. has been relatively stable over the past year, ranging from 8.08 to 8.73 times. This ratio indicates how efficiently the company is collecting payments from its customers during a specific period.
A higher receivables turnover ratio generally suggests that the company is collecting its accounts receivable more quickly, which is a positive sign of strong liquidity and effective credit policies. In this case, the company's average collection period is around 45 to 56 days.
However, the lack of a specific value for March 31, 2024, makes it challenging to precisely assess the trend for the entire year. It is recommended to monitor this ratio consistently to evaluate changes in the company's receivables management and overall financial health.
Peer comparison
Dec 31, 2024