Molina Healthcare Inc (MOH)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 40,650,000 | 34,072,000 | 31,974,000 | 27,771,000 | 19,423,000 |
| Receivables | US$ in thousands | 3,299,000 | 3,104,000 | 2,302,000 | 2,177,000 | 1,672,000 |
| Receivables turnover | 12.32 | 10.98 | 13.89 | 12.76 | 11.62 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $40,650,000K ÷ $3,299,000K
= 12.32
The receivables turnover ratio for Molina Healthcare Inc has shown a generally positive trend over the years, increasing from 11.62 in December 31, 2020, to 12.76 in December 31, 2021, and peaking at 13.89 in December 31, 2022. This indicates that the company has been able to collect its accounts receivable more efficiently and quickly during this period. However, there was a slight decrease in the receivables turnover to 10.98 in December 31, 2023, before rebounding to 12.32 in December 31, 2024.
Overall, Molina Healthcare Inc's receivables turnover ratio reflects a healthy management of its receivables, with an upward trend in recent years, showing efficiency in collecting outstanding payments from its customers.
Peer comparison
Dec 31, 2024