Privia Health Group Inc (PRVA)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,736,390 | 1,657,740 | 1,356,660 | 966,220 | 817,075 |
| Total current assets | US$ in thousands | 834,823 | 700,804 | 551,962 | 446,676 | 190,084 |
| Total current liabilities | US$ in thousands | 449,146 | 386,952 | 264,274 | 190,461 | 146,938 |
| Working capital turnover | 4.50 | 5.28 | 4.72 | 3.77 | 18.94 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,736,390K ÷ ($834,823K – $449,146K)
= 4.50
The working capital turnover of Privia Health Group Inc has shown a significant decline from 18.94 in December 31, 2020, to 3.77 in December 31, 2021. This sharp drop indicates that the company's efficiency in utilizing its working capital to generate revenue decreased substantially within one year.
However, there was a slight improvement in the working capital turnover ratio in the subsequent years, reaching 4.72 at December 31, 2022. This indicates that the company started to manage its working capital more effectively, although it still remains below the initial level in 2020.
By December 31, 2023, the working capital turnover ratio further improved to 5.28, signifying a positive trend in the company's ability to generate sales from its working capital investment. However, it dropped slightly to 4.50 by December 31, 2024.
Overall, Privia Health Group Inc's working capital turnover has displayed fluctuations over the years, with notable improvements after the significant decline observed in 2021. This metric reflects the company's effectiveness in utilizing its working capital to support its operations and generate revenue.
Peer comparison
Dec 31, 2024