Healthcare Services Group Inc (HCSG)
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 | 86.56 | 83.16 | 80.10 | 80.12 | 78.72 | 76.84 | 73.78 | 73.43 | 70.70 | 66.34 | 63.51 | 58.49 | 54.39 | 52.03 | 49.65 | 49.43 | 47.25 | 46.70 | 46.32 | 42.58 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 4.71 | 4.47 | 4.63 | 4.52 | 4.71 | 4.84 | 4.66 | 4.83 | 5.12 | 5.10 | 4.99 | 4.74 | 4.62 | 3.99 | 4.02 | 4.04 | 4.29 | 4.42 | 5.09 | 5.43 |
Healthcare Services Group Inc has shown a consistent improvement in its inventory turnover ratio over the past several quarters, indicating that the company is managing its inventory more efficiently. The ratio has increased from 42.58 on March 31, 2020, to 86.56 on December 31, 2024.
The receivables turnover and payables turnover ratios are not available in the data provided, which limits our ability to assess the efficiency of the company in collecting receivables and managing its payables.
The working capital turnover ratio, which measures how effectively the company is using its working capital to generate revenue, has fluctuated over the years but generally remained above 4. This suggests that Healthcare Services Group Inc has been able to generate revenue efficiently using its working capital.
Overall, based on the available data, Healthcare Services Group Inc has shown a strong performance in managing its inventory efficiently and generating revenue using its working capital. However, further insights could be gained by examining the receivables and payables turnover ratios, which were not provided in the data.
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 | 4.22 | 4.39 | 4.56 | 4.56 | 4.64 | 4.75 | 4.95 | 4.97 | 5.16 | 5.50 | 5.75 | 6.24 | 6.71 | 7.01 | 7.35 | 7.38 | 7.73 | 7.82 | 7.88 | 8.57 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data for Healthcare Services Group Inc, let's analyze the activity ratios:
1. Days of Inventory on Hand (DOH):
- The company's DOH has been decreasing steadily over the years, indicating an improvement in inventory management efficiency.
- A decreasing trend in DOH suggests that the company is selling its inventory at a faster rate and may be more effectively managing its stock levels.
- The decreasing trend in DOH from 8.57 days on March 31, 2020, to 4.22 days on December 31, 2024, reflects a positive development in the management of inventory levels.
2. Days of Sales Outstanding (DSO):
- The data provided does not include information on Days of Sales Outstanding (DSO), which is a measure of how long it takes for a company to collect payment after making a sale.
- Without data on DSO, it is difficult to assess the efficiency of Healthcare Services Group Inc's accounts receivable management.
3. Number of Days of Payables:
- Similar to DSO, there is no information provided on the Number of Days of Payables, which measures the average number of days a company takes to pay its suppliers.
- Without data on payables, we cannot evaluate the company's efficiency in managing its accounts payable.
In conclusion, Healthcare Services Group Inc has shown consistent improvement in its inventory management efficiency based on the decreasing trend in Days of Inventory on Hand. However, without data on DSO and the Number of Days of Payables, a comprehensive analysis of the company's overall activity ratios related to accounts receivable and accounts payable management is not possible.
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 | — | — | — | — | — | — | — | — | 73.57 | 69.57 | 65.84 | 62.21 | 58.43 | 59.13 | 61.85 | 62.01 | 66.27 | 64.16 | 63.16 | 62.52 |
| Total asset turnover | 2.14 | 2.11 | 2.11 | 2.09 | 2.08 | 2.23 | 2.20 | 2.34 | 2.35 | 2.34 | 2.28 | 2.23 | 2.11 | 2.07 | 2.04 | 2.20 | 2.24 | 2.37 | 2.45 | 2.48 |
Healthcare Services Group Inc's fixed asset turnover ratio has shown an upward trend over the past few years, indicating that the company is becoming more efficient in generating revenue from its fixed assets. The ratio increased from 62.52 in March 2020 to 73.57 in December 2022. This implies that for every dollar invested in fixed assets, the company is generating more revenue.
On the other hand, the total asset turnover ratio has fluctuated but generally maintained a stable range. It decreased from 2.48 in March 2020 to 2.04 in June 2021 but then started to improve, reaching 2.14 by December 2024. This ratio suggests that the company is effectively utilizing its total assets to generate sales.
Overall, the increasing trend in the fixed asset turnover ratio coupled with the stable but improving total asset turnover ratio indicates that Healthcare Services Group Inc is efficiently managing its assets to generate revenue, which is a positive sign for the company's long-term operational performance.