The Ensign Group Inc (ENSG)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,258,320 | 4,104,767 | 3,961,754 | 3,849,940 | 3,731,458 | 3,554,106 | 3,388,158 | 3,200,096 | 3,026,034 | 2,910,738 | 2,808,673 | 2,713,098 | 2,627,461 | 2,566,044 | 2,496,870 | 2,442,374 | 2,402,596 | 2,093,511 | 2,091,399 | 2,076,776 |
| Receivables | US$ in thousands | 569,897 | 554,091 | 547,121 | 519,439 | 485,039 | 472,123 | 446,025 | 444,181 | 408,432 | 353,956 | 339,001 | 339,886 | 328,731 | 313,858 | 313,663 | 312,578 | 305,062 | 294,151 | 302,061 | 329,518 |
| Receivables turnover | 7.47 | 7.41 | 7.24 | 7.41 | 7.69 | 7.53 | 7.60 | 7.20 | 7.41 | 8.22 | 8.29 | 7.98 | 7.99 | 8.18 | 7.96 | 7.81 | 7.88 | 7.12 | 6.92 | 6.30 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,258,320K ÷ $569,897K
= 7.47
The receivables turnover for The Ensign Group Inc has shown a generally increasing trend over the past few years, starting at 6.30 for March 31, 2020, and reaching 7.47 by December 31, 2024. This indicates that the company is managing its accounts receivable more efficiently over time.
The average receivables turnover ratio for the period is around 7.50, which means that on average, the company collects its accounts receivable approximately 7.5 times in a year. A higher turnover ratio suggests that the company is collecting its outstanding receivables more quickly, which is a positive sign of effective credit management and liquidity.
Although there were fluctuations in the ratio over the years, the overall increasing trend indicates that the company has been improving its collection process. It is important for investors and stakeholders to monitor this ratio to assess the efficiency of the company in managing its accounts receivable and its overall financial health.
Peer comparison
Dec 31, 2024