Universal Health Services Inc (UHS)
Receivables turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 14,075,310 | 13,828,440 | 13,619,410 | 13,417,830 | 13,272,470 | 13,132,410 | 12,966,840 | 12,845,690 | 12,565,440 | 12,389,350 | 12,142,520 | 11,670,220 | 11,472,510 | 11,281,820 | 11,174,860 | 11,283,260 | 11,254,690 | 11,112,940 | 10,941,340 | 10,772,010 |
| Receivables | US$ in thousands | 2,238,260 | 2,234,340 | 2,103,480 | 2,032,180 | 2,017,720 | 1,902,470 | 1,835,240 | 1,754,880 | 1,746,640 | 1,764,210 | 1,787,930 | 1,668,650 | 1,728,930 | 1,540,750 | 1,438,700 | 1,486,830 | 1,560,850 | 1,544,080 | 1,601,350 | 1,602,400 |
| Receivables turnover | 6.29 | 6.19 | 6.47 | 6.60 | 6.58 | 6.90 | 7.07 | 7.32 | 7.19 | 7.02 | 6.79 | 6.99 | 6.64 | 7.32 | 7.77 | 7.59 | 7.21 | 7.20 | 6.83 | 6.72 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $14,075,310K ÷ $2,238,260K
= 6.29
The receivables turnover for Universal Health Services, Inc. over the past eight quarters has shown a stable trend, fluctuating between 6.28 and 7.36. The highest turnover was observed in Q1 2022 at 7.36, indicating that the company collected its accounts receivables 7.36 times during that period.
Overall, the company's ability to convert its accounts receivables into cash has remained relatively consistent, with a slight decline in Q3 and Q4 of 2023 compared to the previous quarters. A higher turnover ratio typically indicates that the company is efficient in collecting outstanding debts from its customers.
It is essential to continue monitoring this ratio to ensure that the trend remains stable, as any significant deviations could indicate potential issues with the company's credit and collection policies, customer creditworthiness, or overall financial health.
Peer comparison
Dec 31, 2023