RadNet Inc (RDNT)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,616,630 | 1,430,060 | 1,315,080 | 1,071,840 | 1,154,180 |
| Total current assets | US$ in thousands | 579,276 | 367,184 | 324,264 | 270,424 | 241,174 |
| Total current liabilities | US$ in thousands | 437,452 | 466,723 | 374,784 | 398,114 | 327,428 |
| Working capital turnover | 11.40 | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,616,630K ÷ ($579,276K – $437,452K)
= 11.40
Radnet Inc's working capital turnover for the year ending December 31, 2023, was 11.40. This indicates that the company generated $11.40 in revenue for every $1 of working capital invested during the year.
Unfortunately, without historical data for comparison, it is challenging to assess the trend in the working capital turnover ratio over time. However, a high working capital turnover ratio generally suggests that the company is efficiently utilizing its working capital to generate sales. It may also indicate a faster conversion of inventory and receivables into cash.
Further analysis with additional historical data would provide more insights into the consistency and efficiency of Radnet Inc's working capital management over the years.
Peer comparison
Dec 31, 2023