HealthStream Inc (HSTM)

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	291,646	287,991	285,235	282,877	279,063	277,019	273,965	270,405	266,826	262,628	259,434	258,612	256,713	254,193	250,985	246,722	244,826	245,703	247,270	250,498
Total current assets	US$ in thousands	153,122	145,648	139,112	147,389	130,210	126,879	118,013	125,108	114,377	104,351	95,333	107,226	106,845	112,256	110,167	114,977	114,725	199,097	198,680	200,656
Total current liabilities	US$ in thousands	115,693	110,572	111,883	126,070	118,361	114,582	109,151	121,004	117,213	105,390	104,914	114,562	100,350	101,950	105,918	116,906	119,442	95,014	92,442	102,474
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

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $291,646K ÷ ($153,122K – $115,693K)
= 7.79

HealthStream Inc's working capital turnover has experienced fluctuations over the periods analyzed. The ratio ranged from as low as 2.33 to as high as 65.89 during this time frame. Notably, there were instances where the working capital turnover was not calculable or the value was very high, suggesting potential anomalies or irregularities in the financial operations impacting this metric. Overall, a higher working capital turnover indicates better efficiency in utilizing working capital to generate revenue. Consequently, the company should monitor and address the factors contributing to these fluctuations to ensure optimal working capital management.