Molina Healthcare Inc (MOH)
Receivables 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 | 40,650,000 | 39,199,000 | 37,407,000 | 35,854,000 | 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 |
| Receivables | US$ in thousands | 3,299,000 | 3,259,000 | 3,231,000 | 3,350,000 | 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 |
| 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $40,650,000K ÷ $3,299,000K
= 12.32
The receivables turnover for Molina Healthcare Inc has been showing a generally increasing trend over the past few years, indicating an improvement in the company's ability to efficiently collect payments from its customers. From March 31, 2020, to December 31, 2024, the receivables turnover ratio has ranged between 10.40 and 14.04.
The highest receivables turnover ratio was observed on September 30, 2022, at 14.04, suggesting that Molina Healthcare Inc was able to convert its accounts receivable into cash 14.04 times during that period. On the other hand, the lowest ratio was seen on March 31, 2020, at 10.77, indicating a slightly lower efficiency in collecting receivables compared to other periods.
Overall, a rising trend in receivables turnover is a positive sign as it indicates that the company is managing its accounts receivable effectively, which can lead to improved cash flow and liquidity. However, it is important to monitor this ratio regularly to ensure that the trend continues positively and does not deviate significantly from industry standards.
Peer comparison
Dec 31, 2024