DaVita HealthCare Partners Inc (DVA)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 12,140,150 | 11,911,290 | 11,738,650 | 11,665,040 | 11,609,900 | 11,636,980 | 11,626,610 | 11,616,360 | 11,618,800 | 11,580,150 | 11,565,900 | 11,529,370 | 11,550,610 | 11,543,870 | 11,523,880 | 11,486,600 | 11,388,470 | 11,311,010 | 11,254,260 | 11,298,510 |
| Receivables | US$ in thousands | 2,415,910 | 2,377,790 | 2,366,950 | 2,382,210 | 2,550,650 | 2,493,270 | 2,634,820 | 2,501,740 | 2,410,510 | 2,491,080 | 2,550,680 | 2,604,490 | 2,438,820 | 2,428,210 | 2,428,830 | 2,370,540 | 2,305,060 | 2,391,610 | 2,551,590 | 2,485,650 |
| 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 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $12,140,150K ÷ $2,415,910K
= 5.03
DaVita Inc's receivables turnover ratio has been relatively stable over the past eight quarters, ranging from 4.41 to 5.03. The ratio indicates how efficiently the company collects outstanding receivables from its customers during a specific period.
The increasing trend from Q1 2022 to Q4 2023 suggests that DaVita has been improving its ability to convert accounts receivable into cash. A higher turnover ratio is generally favorable and indicates that the company is efficiently managing its receivables.
However, it is important to consider industry norms and compare DaVita's ratio with its competitors to assess its effectiveness in collecting receivables. Additionally, any significant fluctuations in the ratio should be further investigated to understand the underlying reasons for the change.
Peer comparison
Dec 31, 2023