Privia Health Group Inc (PRVA)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,666,109 | 1,588,009 | 1,511,017 | 1,431,722 | 1,357,202 | 1,266,774 | 1,174,822 | 1,065,403 | 965,150 | |||
| Receivables | US$ in thousands | 290,768 | 350,110 | 319,839 | 260,881 | 189,604 | 246,348 | 213,889 | 166,238 | 117,402 | 98,384 | 126,872 | 116,720 |
| Receivables turnover | 5.73 | 4.54 | 4.72 | 5.49 | 7.16 | 5.14 | 5.49 | 6.41 | 8.22 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,666,109K ÷ $290,768K
= 5.73
The receivables turnover ratio for Privia Health Group Inc has shown fluctuations over the past eight quarters. The ratio ranged from a low of 4.52 in Q3 2023 to a high of 7.16 in Q4 2022.
A high receivables turnover ratio indicates that the company is efficient in collecting payments from its customers. However, the decreasing trend in the receivables turnover ratio from Q4 2022 to Q3 2023 may suggest a potential delay in collecting payments from customers during these periods.
It would be crucial for Privia Health Group Inc to analyze the reasons behind the variation in the receivables turnover ratio to identify any underlying issues in their accounts receivable management. Further investigation into the collection policies, customer creditworthiness, and the overall economic conditions affecting payment cycles could provide insights into improving the efficiency of receivables management.
Peer comparison
Dec 31, 2023