National HealthCare Corporation (NHC)

Activity ratios

Short-term

Turnover ratios

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
Inventory turnover 105.04 101.79 106.00 106.66 104.91 103.70 100.80 84.36 81.42 78.04 85.25 84.14 77.82 94.62 94.04 84.00 88.07 84.43 89.73 94.71
Receivables turnover 10.47 10.77 10.74 10.44 10.83 11.16 11.06 10.83 11.12 10.52 10.38 9.92 11.35 11.91 11.68 9.83 10.25 10.35 10.02 9.66
Payables turnover 20.65 23.41 24.57 25.01 22.14 21.66 16.81 16.78 17.43 13.59 17.28 21.55 18.19 19.14 18.67 19.60 19.27 18.97 20.18 18.49
Working capital turnover 5.95 6.21 6.36 6.96 6.96 8.22 6.52 6.58 6.57 6.29 5.31 5.15 5.86 6.29 7.95 11.32 6.81 5.83 6.61 6.27

National Healthcare Corp.'s activity ratios provide insight into the efficiency of its operations.

1. Inventory Turnover: The company consistently reports an inventory turnover of 0.00 across all quarters, indicating that National Healthcare Corp. is effectively managing its inventory levels or operates in a service-based industry where inventory turnover is not applicable.

2. Receivables Turnover: National Healthcare Corp. shows relatively stable receivables turnover ratios ranging between 10.33 and 10.89. This suggests that the company is efficient in collecting payments from its customers, with a higher turnover indicating quicker collection of receivables.

3. Payables Turnover: The company maintains a payables turnover of 0.00 consistently, implying that National Healthcare Corp. may not have significant reliance on trade credit from suppliers or operates in a manner where payables turnover is negligible.

4. Working Capital Turnover: National Healthcare Corp. displays varying working capital turnover ratios, ranging from 5.92 to 8.03. A higher turnover ratio indicates that the company generates revenue efficiently from its working capital, which may reflect effective management of current assets and liabilities to support operations.

Overall, while National Healthcare Corp. shows efficient management of receivables and working capital, its minimal inventory turnover and lack of payables turnover suggest specific operating characteristics or strategic considerations within the company's industry and business model.

Average number of days

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
Days of inventory on hand (DOH) days 3.48 3.59 3.44 3.42 3.48 3.52 3.62 4.33 4.48 4.68 4.28 4.34 4.69 3.86 3.88 4.35 4.14 4.32 4.07 3.85
Days of sales outstanding (DSO) days 34.87 33.89 33.98 34.97 33.71 32.71 33.00 33.69 32.81 34.71 35.16 36.78 32.16 30.65 31.26 37.14 35.62 35.28 36.43 37.78
Number of days of payables days 17.67 15.59 14.86 14.59 16.49 16.85 21.72 21.75 20.94 26.86 21.13 16.93 20.07 19.07 19.55 18.63 18.94 19.24 18.09 19.74

Based on the provided data on National Healthcare Corp.'s activity ratios, we can see that the Days of Inventory on Hand (DOH) and the Number of Days of Payables are not available for analysis across the given quarters.

When focusing on the Days of Sales Outstanding (DSO), a metric that indicates how long it takes for the company to collect revenue from its sales, we observe a stable trend over the past eight quarters. The DSO has remained relatively consistent, ranging between 33.50 days and 35.33 days. This stability may suggest effective credit and collection policies in place, allowing the company to manage its accounts receivable efficiently.

Given the absence of data for the inventory and payables turnover ratios, further insights into National Healthcare Corp.'s management of its inventory levels and payment schedules cannot be provided. These metrics are crucial for assessing the company's liquidity and operational efficiency.

In conclusion, while the data on Days of Sales Outstanding displays consistency in collection practices, the lack of information on Days of Inventory on Hand and Number of Days of Payables limits a comprehensive analysis of National Healthcare Corp.'s overall activity ratios. More detailed information would be required to assess the company's performance in managing its inventory and payables effectively.

Long-term

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
Fixed asset turnover 2.31 2.22 2.17 2.14 2.14 2.16 2.15 2.12 2.06 2.01 1.97 1.99 1.98 1.93 1.90 1.86 1.86 1.84 1.82 1.85
Total asset turnover 0.87 0.86 0.85 0.85 0.85 0.85 0.82 0.81 0.77 0.74 0.70 0.75 0.75 0.76 0.76 0.80 0.77 0.76 0.75 0.75

The long-term activity ratios of National Healthcare Corp. indicate the efficiency of the company in utilizing its fixed assets and total assets to generate sales revenue.

The fixed asset turnover ratio has been showing a positive trend, increasing from 2.02 in Q1 2022 to 2.30 in Q4 2023. This indicates that the company is generating more sales revenue per dollar of fixed assets invested, which is a positive sign of operational efficiency and asset utilization.

On the other hand, the total asset turnover ratio has also been gradually increasing over the quarters, from 0.77 in Q1 2022 to 0.87 in Q4 2023. This suggests that the company is improving its ability to generate sales revenue relative to its total assets.

Overall, both ratios are trending upwards, indicating that National Healthcare Corp. is effectively managing its assets to drive higher sales revenue, which is a positive indicator of the company's operational efficiency and financial health.