Concentra Group Holdings Parent, Inc. (CON)
Working capital turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,875,891 | 1,853,332 | 1,831,715 | |||
| Total current assets | US$ in thousands | 409,957 | 320,306 | 327,539 | 294,418 | — | 37,657 |
| Total current liabilities | US$ in thousands | 269,521 | 265,153 | 275,629 | 274,634 | — | — |
| Working capital turnover | 13.36 | 33.60 | 35.29 |
September 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,875,891K ÷ ($409,957K – $269,521K)
= 13.36
The working capital turnover ratio of Concentra Group Holdings Parent, Inc. has shown a varying trend over the last few quarters. The ratio was 13.36 as of September 30, 2024, which indicates that the company generated $13.36 in revenue for every dollar of working capital invested during that period.
Comparing this to the previous quarters, we see a significant increase in the working capital turnover ratio from 33.60 in June 30, 2024, to 35.29 in March 31, 2024. This suggests that the company has been more efficient in utilizing its working capital in generating sales in the earlier quarters.
It is important to note that a high working capital turnover ratio indicates efficient utilization of working capital to generate sales revenue. However, such fluctuations in the ratio may warrant further investigation into the company's operational efficiency and management of working capital resources.
Peer comparison
Sep 30, 2024