Molina Healthcare Inc (MOH)
Working capital 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 |
| Total current assets | US$ in thousands | 12,773,000 | 12,542,000 | 10,084,000 | 10,064,000 | 7,876,000 |
| Total current liabilities | US$ in thousands | 7,896,000 | 8,168,000 | 6,855,000 | 7,047,000 | 4,965,000 |
| Working capital turnover | 8.34 | 7.79 | 9.90 | 9.20 | 6.67 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $40,650,000K ÷ ($12,773,000K – $7,896,000K)
= 8.34
The working capital turnover for Molina Healthcare Inc has shown a positive trend over the years, increasing from 6.67 in December 2020 to 8.34 in December 2024. This indicates that the company has been able to effectively utilize its working capital to generate revenue. The peak in the ratio in December 2022 at 9.90 suggests a particularly efficient use of working capital during that period. However, there was a slight dip in efficiency in December 2023 to 7.79 before recovering in the following year. Overall, the increasing trend in the working capital turnover reflects Molina Healthcare Inc's ability to efficiently manage its working capital resources to support its operations and revenue generation.
Peer comparison
Dec 31, 2024