Molina Healthcare Inc (MOH)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 12.32 | 12.03 | 11.58 | 10.70 | 10.98 | 13.52 | 13.68 | 12.76 | 13.89 | 14.04 | 13.51 | 13.46 | 12.76 | 13.39 | 12.70 | 12.05 | 11.62 | 10.40 | 11.19 | 10.77 |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 8.34 | 8.63 | 8.32 | 8.63 | 7.79 | 8.36 | 8.36 | 9.13 | 9.90 | 9.59 | 9.74 | 9.35 | 9.20 | 7.77 | 7.44 | 7.17 | 6.67 | 5.43 | 5.35 | 6.27 |
The analysis of Molina Healthcare Inc's activity ratios reveals the following trends:
1. Receivables Turnover:
- The receivables turnover ratio has shown a generally increasing trend over the past few years, indicating that the company is collecting its accounts receivable more efficiently.
- The ratio increased from 10.77 in March 2020 to 12.32 in December 2024, with some fluctuations along the way.
- A higher receivables turnover ratio signifies that Molina Healthcare is effectively managing its credit sales and collecting payments from customers promptly.
2. Working Capital Turnover:
- The working capital turnover ratio has fluctuated over the years but has generally remained at a moderate level.
- The ratio increased from 6.27 in March 2020 to 8.34 in December 2024, with some ups and downs in between.
- The increase in the working capital turnover ratio indicates that Molina Healthcare is efficiently using its working capital to generate sales.
Overall, Molina Healthcare Inc has shown improvements in its efficiency in managing receivables and working capital turnover, which are positive indicators of the company's operational performance and financial health.
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 29.62 | 30.35 | 31.53 | 34.10 | 33.25 | 27.01 | 26.68 | 28.61 | 26.28 | 26.00 | 27.01 | 27.12 | 28.61 | 27.26 | 28.75 | 30.30 | 31.42 | 35.09 | 32.61 | 33.90 |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data, we can analyze Molina Healthcare Inc's activity ratios as follows:
1. Days of Inventory on Hand (DOH): The JSON data does not contain specific values for DOH for the periods under review, which suggests that Molina Healthcare Inc may not have detailed inventory information available or that inventory turnover is not a key focus area for the company.
2. Days of Sales Outstanding (DSO): Molina Healthcare Inc's DSO has shown a decreasing trend over the quarters, indicating that the company is collecting its accounts receivable more efficiently. Lower DSO values imply quicker conversion of sales into cash, which is a positive sign for liquidity and working capital management.
3. Number of Days of Payables: The JSON data did not provide specific information on the number of days of payables for Molina Healthcare Inc. This missing data prevents a thorough analysis of the company's payables turnover and payment practices.
In summary, while the company's DSO has improved over time, the lack of data on inventory and payables hinders a comprehensive evaluation of Molina Healthcare Inc's complete activity ratios.
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 | 39.50 | 128.10 | 122.65 | 121.54 | 36.56 | 114.64 | 114.48 | 118.08 | 36.25 | 75.63 | 75.49 | 73.84 | 33.78 | 66.49 | 61.56 | 56.60 | 25.83 | 46.74 | 44.32 | 44.83 |
| Total asset turnover | 2.60 | 2.49 | 2.46 | 2.31 | 2.29 | 2.24 | 2.39 | 2.42 | 2.60 | 2.44 | 2.41 | 2.35 | 2.27 | 2.32 | 2.24 | 2.15 | 2.04 | 2.34 | 2.25 | 2.42 |
The fixed asset turnover ratio for Molina Healthcare Inc has shown a fluctuating trend over the years. It started at a high of 44.83 in March 2020, then decreased to 25.83 by December 2020 before gradually increasing again. In the most recent period of December 2024, the ratio stood at 39.50. This ratio indicates that the company generated $39.50 of revenue for every dollar invested in fixed assets.
On the other hand, the total asset turnover ratio has been relatively stable over the same period. Starting at 2.42 in March 2020, it fluctuated within a narrower range compared to the fixed asset turnover, reaching a peak of 2.60 in December 2022. This ratio signifies that the company generated $2.60 in revenue for every dollar of total assets it holds.
Overall, the fixed asset turnover ratio reflects how efficiently Molina Healthcare Inc is utilizing its fixed assets to generate revenue, while the total asset turnover ratio provides insight into the company's overall efficiency in utilizing all its assets to generate sales.