Privia Health Group Inc (PRVA)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 1,666,110 | 1,357,200 | 965,150 |
| Total current assets | US$ in thousands | 700,804 | 551,962 | 446,676 |
| Total current liabilities | US$ in thousands | 386,952 | 264,274 | 190,461 |
| Working capital turnover | 5.31 | 4.72 | 3.77 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,666,110K ÷ ($700,804K – $386,952K)
= 5.31
The working capital turnover for Privia Health Group Inc has shown a positive trend over the past three years, increasing from 3.77 in 2021 to 4.72 in 2022 and further to 5.28 in 2023. This indicates an improvement in the efficiency of the company in utilizing its working capital to generate sales revenue. A higher working capital turnover ratio signifies that the company is able to efficiently manage its current assets and liabilities to support its operations and sales activities. It suggests that Privia Health Group Inc is effectively utilizing its working capital to generate sales, which is a positive sign for the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023