HCA Holdings Inc (HCA)
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 | 70,603,000 | 69,621,000 | 68,347,000 | 66,716,000 | 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 | 57,981,000 | 56,016,000 | 52,649,000 | 51,533,000 | 50,763,000 | 50,146,000 | 51,680,000 |
| Total current assets | US$ in thousands | 16,414,000 | 16,662,000 | 15,173,000 | 15,282,000 | 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 |
| Total current liabilities | US$ in thousands | 15,177,000 | 14,900,000 | 14,301,000 | 13,141,000 | 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 |
| 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 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $70,603,000K ÷ ($16,414,000K – $15,177,000K)
= 57.08
The working capital turnover of HCA Holdings Inc has fluctuated over the reported periods. The ratio indicates how efficiently the company is utilizing its working capital to generate sales revenue.
The working capital turnover increased sharply from June 2020 to September 2020, reflecting a significant improvement in the company's efficiency in utilizing its working capital. However, there was a notable decline in the ratio by the end of 2020, which could suggest a decrease in efficiency in converting working capital into revenue.
During the first half of 2021, the ratio remained relatively stable but saw a slight uptick in September 2021. The ratio dipped again by the end of December 2021, indicating fluctuations in working capital efficiency during this period.
From March 2022 to June 2022, there was a significant decrease in the working capital turnover, suggesting a potential inefficiency in utilizing working capital to generate revenue. The ratio increased in September 2022, indicating an improvement in efficiency during that quarter.
The working capital turnover further improved in December 2022 and March 2023 before experiencing a significant surge in June 2023. The ratio continued to increase in the subsequent quarters, reaching its peak at a substantial value in June 2024.
Overall, the trend in the working capital turnover of HCA Holdings Inc shows various fluctuations over the reported periods, indicating changing efficiency levels in converting working capital into sales revenue. A higher ratio generally indicates better efficiency in utilizing working capital to generate revenue, while a lower ratio may suggest inefficiencies or challenges in this aspect of the company's operations.
Peer comparison
Dec 31, 2024