HCA Holdings Inc (HCA)
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 | 64,968,000 | 63,162,000 | 61,920,000 | 60,879,000 | 60,233,000 | 59,800,000 | 60,105,000 | 59,720,000 | 58,752,000 | 59,483,000 | 57,147,000 | 53,365,000 | 51,533,000 | 50,841,000 | 49,934,000 | 51,424,000 | 51,334,000 | 48,505,000 | 47,478,000 | 46,437,000 |
| Receivables | US$ in thousands | 9,958,000 | 9,182,000 | 8,713,000 | 8,657,000 | 8,891,000 | 8,552,000 | 8,628,000 | 8,520,000 | 8,095,000 | 8,433,000 | 7,636,000 | 7,424,000 | 7,051,000 | 6,433,000 | 6,139,000 | 6,890,000 | 7,380,000 | 7,131,000 | 7,219,000 | 7,420,000 |
| Receivables turnover | 6.52 | 6.88 | 7.11 | 7.03 | 6.77 | 6.99 | 6.97 | 7.01 | 7.26 | 7.05 | 7.48 | 7.19 | 7.31 | 7.90 | 8.13 | 7.46 | 6.96 | 6.80 | 6.58 | 6.26 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $64,968,000K ÷ $9,958,000K
= 6.52
The receivables turnover ratio of HCA Healthcare Inc has been relatively stable over the past eight quarters, ranging from 6.52 to 7.11. This indicates that, on average, the company collects its accounts receivable approximately 6.5 to 7.1 times per year.
A higher receivables turnover ratio suggests that the company is efficient in collecting payments from its customers, converting credit sales into cash quickly. In HCA Healthcare's case, the ratios above 6 indicate a good level of efficiency in managing its accounts receivable.
Despite minor fluctuations, the consistency of the receivables turnover ratio over the quarters implies that HCA Healthcare has been effective in managing its receivables, maintaining a steady pace of collections in recent periods. This stable performance in receivables turnover reflects positively on the company's overall liquidity and efficiency in managing its working capital.
Peer comparison
Dec 31, 2023