Molina Healthcare Inc (MOH)
Working capital 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 |
| Total current assets | US$ in thousands | 12,773,000 | 12,881,000 | 12,331,000 | 12,668,000 | 12,542,000 | 12,468,000 | 11,441,000 | 11,159,000 | 10,084,000 | 10,492,000 | 10,332,000 | 10,146,000 | 10,064,000 | 9,366,000 | 8,874,000 | 8,308,000 | 7,876,000 | 6,953,000 | 7,062,000 | 6,324,000 |
| Total current liabilities | US$ in thousands | 7,896,000 | 8,337,000 | 7,836,000 | 8,514,000 | 8,168,000 | 8,492,000 | 7,537,000 | 7,614,000 | 6,855,000 | 7,242,000 | 7,225,000 | 7,041,000 | 7,047,000 | 6,070,000 | 5,707,000 | 5,323,000 | 4,965,000 | 3,556,000 | 3,755,000 | 3,570,000 |
| 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 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $40,650,000K ÷ ($12,773,000K – $7,896,000K)
= 8.34
The working capital turnover ratio for Molina Healthcare Inc has shown a fluctuating trend over the past few years. Starting at 6.27 on March 31, 2020, it decreased to 5.35 by June 30, 2020, before gradually increasing to reach a peak of 9.90 on December 31, 2022.
Subsequently, the ratio experienced some fluctuations but generally remained elevated, hovering around the 8 to 9 range. Notably, there was a slight decline to 7.79 on December 31, 2023. The working capital turnover ratio is an indicator of how efficiently the company is utilizing its working capital to generate revenue.
A higher turnover ratio generally indicates better efficiency in managing working capital. In this case, the increasing trend from 2020 to 2022 suggests an improvement in utilizing working capital effectively to generate revenue. However, the slight declines in the later periods may indicate a potential need for Molina Healthcare Inc to further optimize its working capital utilization to maintain or improve operational efficiency.
Peer comparison
Dec 31, 2024