National HealthCare Corporation (NHC)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,307,380 | 1,141,540 | 1,085,740 | 1,074,300 | 1,028,220 |
| Receivables | US$ in thousands | 135,837 | 109,048 | 100,288 | 96,577 | 90,598 |
| Receivables turnover | 9.62 | 10.47 | 10.83 | 11.12 | 11.35 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,307,380K ÷ $135,837K
= 9.62
The receivables turnover ratio for National HealthCare Corporation has shown a gradual decline over the five-year period from 2020 to 2024. Starting at 11.35 in 2020, the ratio decreased to 9.62 by the end of 2024. This indicates that the company took longer to collect its accounts receivable in later years, potentially pointing towards issues with collection efficiency or extending credit to customers. It is important for the company to closely monitor and manage its accounts receivable turnover to ensure timely collections and maintain healthy cash flow levels.
Peer comparison
Dec 31, 2024
Company name
Symbol
Receivables turnover
National HealthCare Corporation
NHC
9.62
The Ensign Group Inc
ENSG
7.48