Molina Healthcare Inc (MOH)
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 | 34,072,000 | 33,247,000 | 32,626,000 | 32,353,000 | 31,974,000 | 31,160,000 | 30,273,000 | 29,019,000 | 27,771,000 | 25,597,000 | 23,578,000 | 21,396,000 | 19,423,000 | 18,462,000 | 17,684,000 | 17,259,000 | 16,829,000 | 17,219,000 | 17,673,000 | 18,363,000 |
| Receivables | US$ in thousands | 3,104,000 | 2,460,000 | 2,385,000 | 2,536,000 | 2,302,000 | 2,220,000 | 2,240,000 | 2,156,000 | 2,177,000 | 1,912,000 | 1,857,000 | 1,776,000 | 1,672,000 | 1,775,000 | 1,580,000 | 1,603,000 | 1,406,000 | 1,280,000 | 1,239,000 | 1,359,000 |
| Receivables turnover | 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 | 11.97 | 13.45 | 14.26 | 13.51 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $34,072,000K ÷ $3,104,000K
= 10.98
The receivables turnover ratio of Molina Healthcare Inc has shown some fluctuations over the past 8 quarters. The ratio ranges from a low of 10.98 in Q4 2023 to a high of 14.04 in Q3 2022. This ratio indicates how many times during a period Molina Healthcare Inc is able to collect its accounts receivable balance. A higher ratio typically suggests a more efficient collection process.
From the data provided, we can observe that there was a decline in the receivables turnover ratio in Q4 2023 compared to the previous quarter. This could indicate potential issues in collecting receivables promptly. However, it is important to consider industry benchmarks and trends over time to assess the significance of this decline. Conversely, the ratio increased in the preceding quarter, Q3 2023, which suggests an improvement in the company's ability to collect receivables efficiently.
Overall, Molina Healthcare Inc's receivables turnover ratio has generally remained within a consistent range over the past two years, indicating that the company has been effectively managing its accounts receivable balance. However, further analysis and comparison to industry peers would provide more insights into the company's performance in this area.
Peer comparison
Dec 31, 2023