DaVita HealthCare Partners Inc (DVA)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,815,600 | 12,140,100 | 11,609,900 | 11,618,800 | 11,550,600 |
| Total current assets | US$ in thousands | 3,746,070 | 3,137,910 | 3,155,290 | 3,167,720 | 3,148,720 |
| Total current liabilities | US$ in thousands | 2,973,410 | 2,642,210 | 2,619,750 | 2,398,530 | 2,476,140 |
| Working capital turnover | 16.59 | 24.49 | 21.68 | 15.11 | 17.17 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $12,815,600K ÷ ($3,746,070K – $2,973,410K)
= 16.59
The working capital turnover ratio for DaVita HealthCare Partners Inc has exhibited fluctuations over the past five years. The ratio was 17.17 in December 31, 2020, indicating that the company generated $17.17 in revenue for each dollar of working capital invested. However, this ratio decreased to 15.11 by December 31, 2021, suggesting a decrease in efficiency in utilizing working capital to generate revenue.
Subsequently, there was a significant improvement in the working capital turnover ratio, reaching 21.68 by December 31, 2022, and further increasing to 24.49 by December 31, 2023. These higher ratios indicate that the company was able to generate more revenue per dollar of working capital invested, reflecting improved efficiency in managing its working capital.
However, there was a slight decline in the working capital turnover ratio to 16.59 by December 31, 2024. Despite this decrease, the ratio still remains relatively healthy, indicating that the company is efficiently utilizing its working capital to generate revenue. Overall, the trend in the working capital turnover ratio suggests varying degrees of efficiency in utilizing working capital over the five-year period.
Peer comparison
Dec 31, 2024