DaVita HealthCare Partners Inc (DVA)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 15.69 | 20.04 | 19.86 | 19.95 | 19.13 | 18.83 | 17.49 | 17.61 | 17.46 | 15.09 | 15.64 | 15.56 | 15.96 | 17.64 | 19.07 | 19.03 | 18.82 | 18.97 | 18.75 | 17.29 |
| Receivables turnover | 5.03 | 5.01 | 4.96 | 4.90 | 4.55 | 4.67 | 4.41 | 4.64 | 4.82 | 4.65 | 4.53 | 4.43 | 4.74 | 4.75 | 4.74 | 4.85 | 4.94 | 4.73 | 4.41 | 4.55 |
| Payables turnover | 4.36 | 5.04 | 5.12 | 4.75 | 4.35 | 4.82 | 4.76 | 4.38 | 4.67 | 4.44 | 4.80 | 5.20 | 4.10 | 4.83 | 5.23 | 5.36 | 4.56 | 5.64 | 4.67 | 4.93 |
| Working capital turnover | 24.49 | 19.94 | 19.61 | 24.58 | 21.68 | 17.50 | 12.20 | 16.40 | 15.11 | 7.84 | 7.26 | 7.43 | 17.17 | 12.41 | 7.66 | 6.37 | 8.64 | 6.31 | 16.46 | 11.36 |
The activity ratios for DaVita Inc indicate the efficiency of the company in managing its resources and generating revenue.
The inventory turnover for all quarters in the data provided is 0.00, which suggests that DaVita Inc may not hold significant levels of inventory or has some issues with managing and selling its inventory efficiently.
The receivables turnover shows a consistent trend of improvement over the quarters, indicating that DaVita Inc is efficient in collecting payments from customers. A higher receivables turnover ratio implies that the company is quickly converting its credit sales into cash.
The payables turnover is 0.00 for all quarters, suggesting that DaVita Inc may not have significant trade payables or may not be effectively using trade credit.
The working capital turnover ratio for DaVita Inc has been fluctuating, with a general trend of increase over the quarters. This ratio indicates how effectively the company is utilizing its working capital to generate revenue. The higher the working capital turnover ratio, the more efficiently DaVita Inc is using its current assets to support sales.
Overall, while DaVita Inc demonstrates efficiency in collecting payments from customers and utilizing working capital, the company may need to focus on improving inventory management and optimizing its payables turnover to enhance its overall operational efficiency.
Average number of days
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 23.26 | 18.22 | 18.37 | 18.30 | 19.08 | 19.39 | 20.87 | 20.73 | 20.90 | 24.18 | 23.34 | 23.45 | 22.87 | 20.69 | 19.14 | 19.18 | 19.39 | 19.24 | 19.47 | 21.11 |
| Days of sales outstanding (DSO) | days | 72.64 | 72.86 | 73.60 | 74.54 | 80.19 | 78.20 | 82.72 | 78.61 | 75.73 | 78.52 | 80.50 | 82.45 | 77.07 | 76.78 | 76.93 | 75.33 | 73.88 | 77.18 | 82.75 | 80.30 |
| Number of days of payables | days | 83.64 | 72.36 | 71.28 | 76.77 | 83.88 | 75.69 | 76.67 | 83.36 | 78.23 | 82.18 | 76.11 | 70.19 | 88.98 | 75.64 | 69.84 | 68.16 | 79.96 | 64.77 | 78.20 | 73.96 |
Days of inventory on hand (DOH) for DaVita Inc is not provided in the data for any of the quarters in 2022 and 2023, making it difficult to assess the efficiency of inventory management.
Days of sales outstanding (DSO) provides insight into how long it takes for DaVita Inc to collect its accounts receivable. The trend shows a slight decrease in DSO from Q4 2022 (80.19 days) to Q4 2023 (72.64 days), indicating an improvement in the collection process. Lower DSO signifies that the company is collecting payments from customers more quickly.
Number of days of payables is not available in the data provided, thus hindering the assessment of DaVita Inc's ability to manage its payables effectively.
Overall, the improvement in DSO from Q4 2022 to Q4 2023 suggests that DaVita Inc has been able to enhance its accounts receivable collection efficiency over the quarters, which is a positive indicator of effective cash flow management and liquidity.
Long-term
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 3.95 | 3.85 | 3.72 | 3.63 | 3.57 | 3.59 | 3.52 | 3.38 | 3.34 | 3.34 | 3.32 | 3.30 | 3.28 | 3.38 | 3.37 | 3.33 | 3.28 | 3.31 | 3.30 | 3.33 |
| Total asset turnover | 0.72 | 0.70 | 0.69 | 0.70 | 0.69 | 0.69 | 0.68 | 0.68 | 0.68 | 0.66 | 0.65 | 0.65 | 0.68 | 0.68 | 0.60 | 0.65 | 0.66 | 0.65 | 0.56 | 0.50 |
DaVita Inc's long-term activity ratios indicate its efficiency in utilizing its long-term assets to generate revenues. The fixed asset turnover has been relatively stable over the past eight quarters, ranging from 3.38 to 3.95. This ratio shows that DaVita Inc generates approximately $3.50 to $4.00 in revenues for every dollar invested in fixed assets.
On the other hand, the total asset turnover ratio has also been consistent, hovering around 0.68 to 0.72. This ratio indicates that the company generates approximately $0.68 to $0.72 in revenues for every dollar invested in total assets.
Overall, DaVita Inc's long-term activity ratios suggest that the company effectively leverages its assets to generate revenue, with consistent performance over the analyzed period.