Concentra Group Holdings Parent, Inc. (CON)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 1,838,080 | 1,724,360 | 1,732,040 |
| Total current assets | US$ in thousands | 294,418 | 284,627 | — |
| Total current liabilities | US$ in thousands | 274,634 | 279,626 | — |
| Working capital turnover | 92.91 | 344.80 | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,838,080K ÷ ($294,418K – $274,634K)
= 92.91
The working capital turnover for Concentra Group Holdings Parent, Inc. has shown a notable decrease from 344.80 in 2022 to 92.91 in 2023. This decrease indicates that the company's efficiency in utilizing its working capital to generate revenue has declined significantly over the year. A working capital turnover of 92.91 suggests that the company is generating $92.91 in revenue for every dollar of working capital invested. This trend may be indicative of potential issues such as inefficient management of working capital, lower sales volume, or changes in business operations impacting the efficiency of capital deployment. Further analysis of the company's working capital management and operational strategies may be necessary to address and improve this declining trend in working capital turnover.
Peer comparison
Dec 31, 2023