HCA Holdings Inc (HCA)

Activity ratios

Short-term

Turnover ratios

	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
Inventory turnover	20.13	19.58	19.19	11.70	4.90	4.80	4.71	4.54	4.53	4.66	4.65	4.78	4.77	4.67	4.49	4.10	4.13	4.22	4.47	4.38
Receivables turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Payables turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Working capital turnover	57.08	39.51	78.38	31.16	28.60	33.47	26.43	24.23	16.10	16.18	12.17	13.31	14.84	16.00	14.51	15.51	14.20	26.90	42.68	12.93

The activity ratios for HCA Holdings Inc provide insights into the efficiency of the company in managing its operations.

1. Inventory Turnover: HCA's inventory turnover has been relatively stable, ranging between 4.10 to 20.13 over the past few years. The increase in inventory turnover from 4.10 in March 31, 2021, to 20.13 in December 31, 2024, indicates that the company is selling its inventory more quickly.

2. Receivables Turnover: The receivables turnover data is not available, which suggests that the company's efficiency in collecting outstanding receivables is unclear. A higher turnover ratio would indicate better efficiency in collecting payments from customers.

3. Payables Turnover: Data for payables turnover is not provided, making it difficult to assess how effectively the company is managing its payables.

4. Working Capital Turnover: HCA's working capital turnover has shown fluctuations, ranging from 12.17 to 78.38. A high working capital turnover ratio suggests that the company is effectively utilizing its working capital to generate revenue. The significant increase in the ratio from 12.17 in June 30, 2022, to 78.38 in June 30, 2024, indicates improved efficiency in utilizing its working capital.

Overall, HCA Holdings Inc's activity ratios reflect a mixed picture of operational efficiency, with stable inventory turnover and fluctuations in working capital turnover. The lack of data for receivables and payables turnovers makes it challenging to provide a comprehensive analysis of the company's overall efficiency in managing its assets and liabilities.

Average number of days

		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
Days of inventory on hand (DOH)	days	18.13	18.64	19.02	31.21	74.50	76.02	77.54	80.34	80.55	78.38	78.50	76.33	76.46	78.09	81.28	89.12	88.32	86.47	81.71	83.25
Days of sales outstanding (DSO)	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Number of days of payables	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

### Analysis of HCA Holdings Inc Activity Ratios:

#### Days of Inventory on Hand (DOH):
- HCA Holdings Inc's Days of Inventory on Hand (DOH) shows a decreasing trend from 83.25 days as of March 31, 2020, to 74.50 days as of December 31, 2023, before experiencing a sharp decline to 18.13 days by the end of December 31, 2024.
- The significant decrease in DOH indicates that the company has been managing its inventory efficiently, possibly through better inventory control or improved supply chain management.
- A lower DOH value suggests that HCA Holdings Inc is selling its inventory faster, which can lead to reduced holding costs and potential cash flow improvements.

#### Days of Sales Outstanding (DSO):
- The data for Days of Sales Outstanding (DSO) is not provided, which indicates that there is no available information on this metric for the specified period.
- DSO is a key metric that reflects the average number of days it takes for a company to collect payment after a sale. Lack of data on DSO makes it challenging to assess HCA Holdings Inc's effectiveness in collecting receivables.

#### Number of Days of Payables:
- Similar to DSO, there is no information available on the Number of Days of Payables for HCA Holdings Inc for the provided period.
- The Days of Payables metric reflects how many days a company takes to pay its suppliers, and the absence of this data makes it difficult to evaluate the company's payment practices and liquidity management.

#### Overall Impression:
- HCA Holdings Inc's efficient management of inventory, as evidenced by the decreasing trend in DOH, indicates a positive operational performance in terms of inventory control and turnover.
- The lack of data on DSO and Days of Payables limits a comprehensive analysis of the company's overall working capital management efficiency and cash flow cycle.
- It would be beneficial for stakeholders to have complete information on all activity ratios to better assess HCA Holdings Inc's operational efficiency and financial health.

Long-term

	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
Fixed asset turnover	—	—	—	—	—	2.16	2.15	2.17	2.18	2.21	2.25	2.46	2.24	2.26	2.19	2.27	2.22	2.21	2.17	2.25
Total asset turnover	1.19	1.17	1.19	1.17	1.16	1.16	1.16	1.15	1.15	1.16	1.17	1.14	1.16	1.17	1.16	1.11	1.09	1.00	1.03	1.14

The fixed asset turnover ratio for HCA Holdings Inc has shown some fluctuations over the data period but generally remained within a range between 2.15 and 2.46. This ratio indicates the company's efficiency in generating revenue from its fixed assets, such as property, plant, and equipment. An increasing trend in the fixed asset turnover ratio suggests that the company is utilizing its fixed assets more effectively to generate sales.

On the other hand, the total asset turnover ratio for HCA Holdings Inc varied from 1.00 to 1.19 during the data period. This ratio reflects how efficiently the company is using all of its assets to generate revenue. A higher total asset turnover ratio indicates that the company is generating more sales for each dollar of assets it owns.

Overall, the analysis of the long-term activity ratios for HCA Holdings Inc suggests that the company has been effectively utilizing its fixed assets to generate revenue and has shown efficiency in using its total assets to drive sales growth over the data period.