The Ensign Group Inc (ENSG)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,721,290 | 3,025,470 | 2,627,460 | 2,402,600 | 2,029,210 |
| Receivables | US$ in thousands | 485,039 | 408,432 | 328,731 | 305,062 | 308,985 |
| Receivables turnover | 7.67 | 7.41 | 7.99 | 7.88 | 6.57 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,721,290K ÷ $485,039K
= 7.67
The receivables turnover of Ensign Group Inc has shown a relatively stable trend over the past five years, hovering around the range of 6.59 to 7.99. Specifically:
- The receivables turnover was 7.69 in 2023, indicating that the company collected its accounts receivable approximately 7.69 times during the year.
- In 2022, the receivables turnover was slightly lower at 7.41 compared to the previous year.
- There was a slight increase to 7.99 in 2021, showing improved efficiency in collecting receivables.
- In 2020, the receivables turnover was 7.88, maintaining a relatively consistent performance.
- The lowest value of receivables turnover was observed in 2019 at 6.59, reflecting a less efficient collection of accounts receivable compared to the other years in the period.
Overall, Ensign Group Inc has managed its accounts receivable effectively, with consistent turnover rates indicating the company's ability to collect outstanding funds from customers efficiently over the years.
Peer comparison
Dec 31, 2023