DaVita HealthCare Partners Inc (DVA)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 16.81 | 17.80 | 18.00 | 15.67 | 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 |
| Receivables turnover | 5.01 | 4.81 | 4.58 | 4.12 | 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 |
| Payables turnover | 4.13 | 4.70 | 4.62 | 4.67 | 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 |
| Working capital turnover | 16.59 | 11.59 | 26.53 | 11.21 | 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 |
1. Inventory Turnover:
DaVita HealthCare Partners Inc's inventory turnover has generally been consistent over the years, ranging from around 15 to 20 times per year. A higher inventory turnover indicates that the company is efficiently managing its inventory levels and selling products quickly.
2. Receivables Turnover:
The receivables turnover ratio shows DaVita's ability to collect outstanding credit sales. The company's receivables turnover has varied between 4 and 5 times a year. A higher turnover ratio suggests that DaVita is effective in collecting payments from customers.
3. Payables Turnover:
DaVita's payables turnover ratio measures how quickly the company pays its suppliers. The turnover ratio has fluctuated between 4 and 5 times per year. A higher payables turnover suggests that DaVita is efficiently managing its accounts payable.
4. Working Capital Turnover:
The working capital turnover ratio reflects DaVita's efficiency in managing its working capital to generate revenues. The ratio has shown significant variations, indicating changes in the company's working capital management efficiency. Higher turnover values indicate that DaVita is effectively using its working capital to generate sales.
Overall, analyzing these activity ratios provides insight into DaVita HealthCare Partners Inc's operational efficiency, inventory management, collection of receivables, management of payables, and utilization of working capital to drive revenue generation.
Average number of days
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 21.71 | 20.50 | 20.28 | 23.29 | 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 |
| Days of sales outstanding (DSO) | days | 72.85 | 75.83 | 79.65 | 88.49 | 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 |
| Number of days of payables | days | 88.29 | 77.60 | 78.97 | 78.24 | 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 |
DaVita HealthCare Partners Inc's activity ratios reflect the efficiency of its operations.
1. Days of Inventory on Hand (DOH):
- The DOH measures how many days a company takes to sell its inventory. DaVita's DOH has been relatively stable over the past few years, ranging from around 18 to 24 days. A lower DOH indicates faster inventory turnover, which can be advantageous in terms of cost management and liquidity.
2. Days of Sales Outstanding (DSO):
- The DSO represents how long it takes for the company to collect its accounts receivable. DaVita's DSO has shown some fluctuations but generally remained within the range of 70 to 90 days. A lower DSO is preferable as it implies quicker cash conversion from sales.
3. Number of Days of Payables:
- This ratio indicates the number of days it takes for DaVita to pay its suppliers. The number of days of payables has also fluctuated but has generally been maintained within a range of 70 to 90 days. A higher number of days of payables may suggest better cash flow management but could also strain supplier relationships if excessively prolonged.
In conclusion, DaVita HealthCare Partners Inc's activity ratios suggest moderate efficiency in managing its inventory, collecting receivables, and paying its suppliers. Monitoring these ratios can help assess operational effectiveness and identify areas for improvement in working capital management.
Long-term
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 4.36 | 4.31 | 4.20 | 4.08 | 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 |
| Total asset turnover | 0.74 | 0.72 | 0.74 | 0.71 | 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 |
DaVita HealthCare Partners Inc's long-term activity ratios indicate how efficiently the company is utilizing its assets to generate revenues.
1. Fixed Asset Turnover:
- DaVita's fixed asset turnover has shown a consistent increasing trend from March 31, 2020, to December 31, 2024, with a value of 4.36 as of December 31, 2024.
- This indicates that the company is generating more revenue relative to its investment in fixed assets over time, which reflects positively on its operational efficiency and asset utilization.
2. Total Asset Turnover:
- DaVita's total asset turnover has fluctuated over the same period, but has generally trended upwards, reaching 0.74 as of December 31, 2024.
- This ratio measures the company's ability to generate sales from its total assets, including both fixed and current assets.
- The increasing trend suggests that DaVita is becoming more efficient in generating revenue from its total asset base, which is a positive sign of operational efficiency.
Overall, these long-term activity ratios highlight DaVita HealthCare Partners Inc's ability to effectively utilize its assets to drive revenue growth and operational performance over the analyzed period.