Concentra Group Holdings Parent, Inc. (CON)
Working capital 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 |
| Total current assets | US$ in thousands | 437,207 | 409,957 | 320,306 | 327,539 |
| Total current liabilities | US$ in thousands | 307,186 | 269,521 | 265,153 | 275,629 |
| Working capital turnover | 14.61 | 13.36 | 33.60 | 35.29 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,900,152K ÷ ($437,207K – $307,186K)
= 14.61
Concentra Group Holdings Parent, Inc. has shown fluctuations in its working capital turnover ratio over the year 2024. The ratio decreased from 35.29 in March to 33.60 in June, indicating a slight decline in the efficiency of utilizing working capital to generate revenue. However, a significant drop was observed in September, with the ratio plummeting to 13.36. This sharp decline may suggest trouble managing working capital efficiently during that period. The ratio then slightly improved to 14.61 by December, but it still remained below the initial levels seen earlier in the year. Overall, the varying trends in the working capital turnover ratio reflect potential challenges in effectively utilizing working capital to support business operations and generate sales throughout the year.
Peer comparison
Dec 31, 2024