Healthcare Services Group Inc (HCSG)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,715,680 | 1,671,390 | 1,690,180 | 1,641,960 | 1,760,300 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,715,680K ÷ $—K
= —
The receivables turnover ratio for Healthcare Services Group Inc is not available for the years 2020, 2021, 2022, 2023, and 2024 based on the provided data. As a result, it is not possible to analyze the efficiency of the company in collecting its accounts receivable during these years. Receivables turnover is a key financial metric that provides insights into how quickly a company is able to convert its outstanding receivables into cash. An increasing ratio generally indicates improved efficiency in collecting payments, while a decreasing ratio may suggest issues with credit policies or collection practices. In the absence of this data, it is recommended to monitor future financial reports for a better understanding of Healthcare Services Group Inc's receivables management.