HealthStream Inc (HSTM)
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 | — | 8.05 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 7.79 | 8.21 | 10.48 | 13.27 | 23.55 | 22.53 | 30.91 | 65.89 | — | — | — | — | 39.52 | 24.66 | 59.07 | — | — | 2.36 | 2.33 | 2.55 |
HealthStream Inc's activity ratios provide insight into the efficiency of its operations.
1. Inventory Turnover: The inventory turnover ratio is infrequently available, with a value of 8.05 reported as of September 30, 2024. This indicates that HealthStream Inc is effectively managing its inventory by selling and replenishing it 8.05 times during the period, which is a positive sign of operational efficiency.
2. Receivables Turnover: The receivables turnover ratio is not provided for the period ending December 31, 2024. Without this data, it is challenging to assess how quickly the company is collecting on its receivables, which is essential for managing cash flow and liquidity.
3. Payables Turnover: The payables turnover ratio is not available for the period ending December 31, 2024. This ratio helps in understanding how quickly the company is paying its suppliers, impacting its cash conversion cycle and working capital management.
4. Working Capital Turnover: The working capital turnover ratio varies significantly over the reporting periods. With values ranging from 2.33 to 65.89, this ratio indicates how efficiently HealthStream Inc is utilizing its working capital to generate sales revenue. The high values suggest that the company is effectively leveraging its current assets to drive revenue growth.
Overall, while the data on inventory turnover and working capital turnover reflect positive operational efficiency, the absence of information on receivables and payables turnover limits a comprehensive assessment of HealthStream Inc's overall activity performance.
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 | — | 45.36 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data for HealthStream Inc, the activity ratios can be analyzed as follows:
1. Days of Inventory on Hand (DOH): The DOH ratio indicates how many days on average it takes for the company to sell its inventory. In the most recent period, as of September 30, 2024, HealthStream Inc had 45.36 days' worth of inventory on hand. A lower DOH typically indicates efficient inventory management, as it suggests that inventory is being sold quickly.
2. Days of Sales Outstanding (DSO): The DSO ratio reveals the average number of days it takes for the company to collect payment after making a sale. Unfortunately, specific data points are missing for HealthStream Inc, indicating that information on the collection period is not available for the periods up to December 31, 2024. Generally, a lower DSO is preferable, as it implies faster payment collection efficiency.
3. Number of Days of Payables: This ratio reflects the average number of days it takes for the company to pay its suppliers. Similar to the DSO ratio, data on the number of days of payables are missing for HealthStream Inc up to December 31, 2024. A longer period of payables may suggest that the company is taking longer to pay its suppliers, which could sometimes indicate cash flow management strategies.
Overall, based on the available data for HealthStream Inc, further analysis and comparison with industry benchmarks would be necessary to fully evaluate the company's efficiency in managing its inventory, collecting payments from customers, and paying its suppliers.
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 | — | — | — | — | — | — | 18.95 | 18.41 | 6.98 | 6.73 | 6.42 | 15.15 | 5.95 | 5.75 | 5.47 | 11.95 | 11.02 | 11.27 | 10.78 | 10.26 |
| Total asset turnover | 0.57 | 0.57 | 0.57 | 0.55 | 0.56 | 0.56 | 0.56 | 0.54 | 0.54 | 0.55 | 0.54 | 0.53 | 0.53 | 0.51 | 0.51 | 0.49 | 0.49 | 0.52 | 0.52 | 0.52 |
HealthStream Inc's fixed asset turnover ratio has been fluctuating over the past few years, ranging from a high of 18.95 in June 2023 to a low of 5.47 in June 2021. The ratio measures how efficiently the company is generating revenue from its fixed assets, with higher values indicating better utilization.
On the other hand, the total asset turnover ratio has shown a more stable trend, gradually increasing from 0.52 in March 2020 to 0.57 in June 2024. This ratio indicates the company's ability to generate sales from its total assets, including both fixed and current assets.
Overall, HealthStream Inc's long-term activity ratios suggest that the company has been improving its efficiency in utilizing both fixed and total assets to generate revenue over the years. The increasing trend in total asset turnover indicates better efficiency in utilizing all types of assets to drive sales, while the fluctuating but generally increasing trend in fixed asset turnover points towards improved efficiency in generating revenue specifically from fixed assets.