HealthStream Inc (HSTM)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 279,063 | 266,851 | 256,691 | 244,826 | 254,112 |
| Receivables | US$ in thousands | 38,446 | 42,710 | 34,920 | 46,100 | 30,376 |
| Receivables turnover | 7.26 | 6.25 | 7.35 | 5.31 | 8.37 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $279,063K ÷ $38,446K
= 7.26
Healthstream Inc's receivables turnover has fluctuated over the past five years, ranging from a low of 5.31 in 2020 to a high of 8.37 in 2019. The receivables turnover ratio indicates how efficiently the company is able to collect outstanding payments from its customers. A higher turnover ratio generally indicates better efficiency in collecting receivables.
In 2023, the receivables turnover ratio increased to 7.26 from 6.25 in 2022, suggesting that Healthstream Inc was able to collect outstanding receivables more quickly during the year. This could be a positive sign of improved efficiency in managing its accounts receivable. However, it is important to note that receivables turnover ratios should be interpreted in conjunction with other financial metrics to get a comprehensive view of the company's financial health.
Peer comparison
Dec 31, 2023