The Ensign Group Inc (ENSG)
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 | 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 | 2,032,067 | 2,250,949 | 2,161,856 | 3,084,516 |
| Receivables | US$ in thousands | 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 | 308,985 | 308,093 | 296,935 | 291,701 |
| Receivables turnover | 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 | 6.58 | 7.31 | 7.28 | 10.57 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,731,458K ÷ $485,039K
= 7.69
A trend analysis of Ensign Group Inc's receivables turnover over the past eight quarters shows fluctuations but generally stable performance. The company's receivables turnover ratio has ranged from 7.20 to 8.28 during this period. The receivables turnover for Q4 2023 was 7.69, which indicates that the company collected its accounts receivable approximately 7.69 times during the quarter.
The company's ability to collect its receivables appears consistent, as the turnover ratio has been relatively steady around the 7.20 to 8.28 range. A higher receivables turnover ratio generally indicates that the company is efficient in collecting payment from its customers or clients. However, fluctuations in the ratio could suggest changes in the company's credit policies, sales practices, or customer payment behaviors.
Overall, Ensign Group Inc's receivables turnover ratio indicates a healthy level of efficiency in collecting outstanding payments from customers, contributing positively to the company's cash flow and liquidity position.
Peer comparison
Dec 31, 2023