National HealthCare Corporation (NHC)
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 | 1,307,382 | 1,238,946 | 1,187,233 | 1,169,157 | 1,141,544 | 1,105,183 | 1,087,541 | 1,076,318 | 1,085,738 | 1,104,619 | 1,110,513 | 1,102,312 | 1,074,302 | 1,050,693 | 1,024,582 | 1,023,066 | 1,028,217 | 1,022,272 | 1,018,713 | 1,004,222 |
| Receivables | US$ in thousands | 135,837 | 129,360 | 110,100 | 126,151 | 109,048 | 102,603 | 101,260 | 103,134 | 100,288 | 99,003 | 100,415 | 101,748 | 96,577 | 99,918 | 98,693 | 103,096 | 90,598 | 85,848 | 87,248 | 102,196 |
| Receivables turnover | 9.62 | 9.58 | 10.78 | 9.27 | 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,307,382K ÷ $135,837K
= 9.62
The receivables turnover ratio measures how efficiently a company is able to collect outstanding receivables during a specific period. For National HealthCare Corporation, the trend in the receivables turnover ratio has varied over the quarters provided in the data.
The ratio ranged between 9.27 and 11.91 over the reported periods, indicating fluctuations in the company's ability to collect receivables efficiently. A higher receivables turnover ratio generally signifies that the company is collecting its outstanding receivables more quickly.
From the data, we can observe that the receivables turnover ratio peaked at 11.91 in September 30, 2020, before fluctuating between 9.27 and 11.16 in subsequent quarters. While the ratio dipped to its lowest point at 9.27 on March 31, 2024, it trended upward again following that period.
It is essential for National HealthCare Corporation to monitor and manage its receivables turnover ratio effectively to ensure timely collection of outstanding receivables, thus improving cash flow and overall financial health. Any downward trends may require further analysis to identify potential issues in the company's credit policies, collection processes, or customer creditworthiness.
Peer comparison
Dec 31, 2024