HCA Holdings Inc (HCA)
Working capital 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 |
| Total current assets | US$ in thousands | 14,927,000 | 14,294,000 | 13,888,000 | 13,541,000 | 13,643,000 | 13,481,000 | 13,937,000 | 15,006,000 | 13,542,000 | 13,248,000 | 12,475,000 | 12,036,000 | 12,333,000 | 16,266,000 | 14,031,000 | 11,016,000 | 11,196,000 | 10,769,000 | 12,869,000 | 11,108,000 |
| Total current liabilities | US$ in thousands | 12,655,000 | 12,407,000 | 11,545,000 | 11,028,000 | 9,902,000 | 9,784,000 | 8,999,000 | 10,518,000 | 9,582,000 | 9,624,000 | 8,615,000 | 8,642,000 | 8,704,000 | 14,379,000 | 12,856,000 | 7,019,000 | 7,757,000 | 7,124,000 | 8,961,000 | 10,531,000 |
| Working capital turnover | 28.60 | 33.47 | 26.43 | 24.23 | 16.10 | 16.18 | 12.17 | 13.31 | 14.84 | 16.41 | 14.80 | 15.72 | 14.20 | 26.94 | 42.50 | 12.87 | 14.93 | 13.31 | 12.15 | 80.48 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $64,968,000K ÷ ($14,927,000K – $12,655,000K)
= 28.60
HCA Healthcare Inc's working capital turnover ratio measures how efficiently the company is utilizing its working capital to generate revenue. A higher working capital turnover ratio indicates that the company is effectively managing its working capital and converting it into revenue.
Based on the data provided, we observe fluctuations in the working capital turnover ratio over the past eight quarters. In Q4 2023, the ratio stands at 28.60, a decrease from Q3 2023's ratio of 33.47. Despite the decline, HCA Healthcare Inc's working capital turnover ratio remains relatively high, indicating efficient utilization of working capital to drive revenue generation.
Comparing the current ratio to the same quarter in the previous year, there is a notable improvement. In Q4 2023, the ratio of 28.60 surpasses Q4 2022's ratio of 16.10 by a significant margin, showcasing enhanced efficiency in capital utilization over the year.
Overall, HCA Healthcare Inc's working capital turnover ratio reflects a positive trend in recent quarters, indicating improved efficiency in converting working capital into revenue.
Peer comparison
Dec 31, 2023