The Ensign Group Inc (ENSG)
Working capital 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 |
| Total current assets | US$ in thousands | 1,157,630 | 1,196,930 | 1,115,080 | 1,088,190 | 1,046,930 | 994,347 | 927,635 | 830,497 | 781,125 | 726,848 | 682,682 | 633,111 | 639,709 | 668,118 | 567,104 | 513,316 | 582,956 | 526,627 | 547,306 | 433,321 |
| Total current liabilities | US$ in thousands | 743,428 | 768,940 | 730,769 | 709,721 | 734,747 | 671,797 | 618,989 | 585,277 | 582,072 | 567,040 | 531,924 | 513,558 | 523,068 | 483,109 | 460,986 | 443,020 | 562,399 | 525,202 | 581,038 | 330,143 |
| Working capital turnover | 10.28 | 9.59 | 10.31 | 10.17 | 11.95 | 11.02 | 10.98 | 13.05 | 15.20 | 18.21 | 18.63 | 22.69 | 22.53 | 13.87 | 23.53 | 34.74 | 116.87 | 1,469.13 | — | 20.13 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $4,258,320K ÷ ($1,157,630K – $743,428K)
= 10.28
The working capital turnover ratio for The Ensign Group Inc has fluctuated over the past few years, indicating changes in the efficiency of the company in utilizing its working capital.
In March 2020, the working capital turnover was 20.13, demonstrating that the company was able to generate revenue 20.13 times for every dollar of working capital invested. However, in June 2020, the exact figure is not available (denoted by the symbol "—"), potentially due to certain factors impacting the financial data during that period.
Subsequently, in September 2020, the working capital turnover increased significantly to 1,469.13, which could be an anomaly or result from a specific event affecting working capital utilization. The ratio decreased to 116.87 by December 2020, showing a substantial decline in the efficiency of working capital turnover compared to the previous quarter.
From March 2021 to June 2024, the working capital turnover ratio fluctuated within a range of 10.17 to 34.74, indicating variations in the company's ability to generate revenue relative to its working capital. Generally, a higher turnover ratio reflects better efficiency in utilizing working capital to support revenue generation.
Overall, it is essential for The Ensign Group Inc to monitor its working capital turnover consistently to ensure optimal utilization of resources and maintain operational efficiency in revenue generation.
Peer comparison
Dec 31, 2024