Privia Health Group Inc (PRVA)
Working capital 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,736,390 | 1,716,318 | 1,695,679 | 1,686,704 | 1,657,737 | 1,581,333 | 1,506,950 | 1,429,135 | 1,356,660 | 1,267,569 | 1,176,194 | 1,066,414 | 966,220 | 904,586 | 860,232 | 817,740 | 817,075 |
| Total current assets | US$ in thousands | 834,823,000 | 853,753 | 779,671 | 728,140 | 700,804 | 697,668 | 654,000 | 588,777 | 551,962 | 579,646 | 521,270 | 492,558 | 446,676 | 469,424 | 436,450 | 204,646 | 190,084 |
| Total current liabilities | US$ in thousands | 449,146,000 | 479,473 | 429,592 | 403,798 | 386,952 | 394,192 | 355,238 | 309,689 | 264,274 | 304,529 | 265,140 | 220,353 | 190,461 | 187,242 | 167,318 | 157,524 | 146,938 |
| Working capital turnover | 0.00 | 4.59 | 4.84 | 5.20 | 5.28 | 5.21 | 5.04 | 5.12 | 4.72 | 4.61 | 4.59 | 3.92 | 3.77 | 3.21 | 3.20 | 17.35 | 18.94 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,736,390K ÷ ($834,823,000K – $449,146,000K)
= 0.00
Working capital turnover is a financial ratio that measures a company's efficiency in managing its working capital to generate sales. A higher working capital turnover indicates that the company is using its working capital efficiently to support its operations.
Analyzing the data provided for Privia Health Group Inc, we observe fluctuations in the working capital turnover over time. The ratio was relatively high at the end of 2020, indicating efficient management of working capital to support sales. However, there was a significant drop in the ratio in the following quarters, reaching a low point at 3.20 by June 30, 2021, and September 30, 2021.
Subsequently, the company's working capital turnover started to improve gradually, with the ratio increasing to 5.28 by December 31, 2023. This improvement suggests that Privia Health Group Inc enhanced its ability to convert working capital into sales efficiently during this period.
However, by December 31, 2024, the working capital turnover abruptly dropped to 0.00. Such a sharp decline in the ratio could be indicative of issues with managing working capital effectively or changes in the company's operating environment that affected its ability to generate sales relative to working capital.
In conclusion, based on the fluctuations observed in Privia Health Group Inc's working capital turnover over the timeframe provided, the company experienced varying levels of efficiency in utilizing its working capital to support its sales activities. Further analysis would be needed to understand the specific factors driving these fluctuations in the working capital turnover ratio.
Peer comparison
Dec 31, 2024