R1 RCM Inc (RCM)
Receivables turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,252,500 | 2,210,500 | 2,352,200 | 2,406,800 | |||
| Receivables | US$ in thousands | 7,100 | — | — | — | 12,000 | 238,700 | 255,600 |
| Receivables turnover | 317.25 | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,252,500K ÷ $7,100K
= 317.25
The receivables turnover of R1 RCM Inc. has shown fluctuations over the past eight quarters. In Q1 2022, the company had a high receivables turnover of 11.22, indicating that it collected its outstanding receivables more than 11 times during that period. This was followed by a significant decrease in turnover in Q2 and Q3 2022, with values of 6.09 and 7.01, respectively.
Subsequently, there was an improvement in the receivables turnover in Q4 2022, reaching 6.50. This upward trend continued in Q1 2023 with a turnover of 7.73, before peaking at 8.11 in Q3 2023. However, in Q4 2023, the receivables turnover decreased slightly to 7.91.
Overall, the average receivables turnover for the past eight quarters was approximately 7.76, indicating that, on average, the company collects its outstanding receivables about 7.76 times annually. It is important to note that a higher receivables turnover ratio generally indicates a more efficient collection process, while a lower ratio may suggest potential issues with collecting receivables in a timely manner.
Peer comparison
Dec 31, 2023