RadNet Inc (RDNT)

Receivables 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 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Revenue (ttm) US$ in thousands 1,823,485 1,772,946 1,713,772 1,657,773 1,616,630 1,580,123 1,528,199 1,478,859 1,430,062 1,379,335 1,361,981 1,341,524 1,315,076 1,289,862 1,248,948 1,105,596 1,071,841 1,064,746 1,065,662 1,164,193
Receivables US$ in thousands 185,821 199,076 195,288 189,572 163,707 167,736 174,481 196,741 185,328 176,155 170,815 165,508 140,446 158,689 163,618 154,186 135,421 137,835 127,217 145,477
Receivables turnover 9.81 8.91 8.78 8.74 9.88 9.42 8.76 7.52 7.72 7.83 7.97 8.11 9.36 8.13 7.63 7.17 7.91 7.72 8.38 8.00

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,823,485K ÷ $185,821K
= 9.81

RadNet Inc's receivables turnover has shown some fluctuations over the past few years. The ratio indicates how efficiently the company is collecting its accounts receivables during a given period.

From March 2020 to June 2020, there was an increase in the receivables turnover from 8.00 to 8.38, suggesting the company improved its collection efforts. However, in the following quarters, the turnover ratio decreased slightly to 7.72 in September 2020 and then increased again to 7.91 in December 2020.

For the next few quarters, the receivables turnover ratio continued to fluctuate between 7.17 to 8.13, showing some variability in the company's ability to collect receivables efficiently. The ratio peaked at 9.36 on December 31, 2021, indicating a significant improvement in collecting accounts receivables.

Subsequently, the ratio declined to 7.52 on March 31, 2023, before increasing to 9.88 on December 31, 2023. This spike suggests a sudden improvement in the collection of receivables during that period.

From March 2024 to December 2024, the receivables turnover ratio ranged between 8.74 to 9.81, indicating that the company was consistently collecting its accounts receivables effectively.

Overall, RadNet Inc's receivables turnover ratio has experienced fluctuations but generally demonstrates efficient collection efforts, with several periods of notable improvement in collecting accounts receivables efficiently.