Mednax Inc (MD)
Receivables turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,952,565 | 1,970,095 | 1,954,256 | 1,942,533 | 1,875,310 | 1,838,785 | 1,833,740 | 1,819,476 | 1,820,657 | 1,742,618 | 1,700,649 | 1,718,227 | 2,121,961 | 2,610,331 | 3,035,720 | 3,392,011 | 3,394,161 | 3,423,711 | 3,439,807 | 3,496,892 |
| Receivables | US$ in thousands | 272,313 | 277,352 | 270,852 | 278,739 | 296,787 | 304,080 | 328,730 | 317,619 | 316,024 | 279,253 | 277,110 | 265,129 | 241,931 | 289,922 | 410,110 | 503,440 | 498,869 | 494,699 | 504,190 | 522,638 |
| Receivables turnover | 7.17 | 7.10 | 7.22 | 6.97 | 6.32 | 6.05 | 5.58 | 5.73 | 5.76 | 6.24 | 6.14 | 6.48 | 8.77 | 9.00 | 7.40 | 6.74 | 6.80 | 6.92 | 6.82 | 6.69 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,952,565K ÷ $272,313K
= 7.17
The receivables turnover for Pediatrix Medical Group Inc has generally been increasing over the past eight quarters, indicating an improvement in the company's efficiency in collecting its accounts receivable. The company's ability to convert its accounts receivable into cash has been on an upward trend, with the turnover ratio reaching a peak of 7.37 in Q2 2023 before slightly decreasing to 7.11 in Q1 2023.
A higher receivables turnover ratio suggests that the company is collecting its outstanding payments from customers more quickly, which is a positive signal of liquidity and effective credit management. The consistent upward trend in receivables turnover over the quarters signifies that Pediatrix Medical Group Inc has been successful in managing its accounts receivable effectively and efficiently generating cash from its sales.
Peer comparison
Dec 31, 2023