US Physicalrapy Inc (USPH)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 11.37 | 11.32 | 11.48 | 11.05 | 11.66 | 11.16 | 10.70 | 10.06 | 10.65 | 10.89 | 10.45 | 10.43 | 10.36 | 10.51 | 10.40 | 9.39 | 10.18 | 10.79 | 12.10 | 11.22 |
| Payables turnover | 92.22 | 82.34 | 123.65 | 101.30 | 123.98 | 104.76 | 126.05 | 107.17 | 133.67 | 96.27 | 109.07 | 121.17 | 115.62 | 241.05 | 196.27 | 164.55 | 248.88 | 314.45 | 192.36 | 127.80 |
| Working capital turnover | 31.52 | 7.21 | 6.64 | 5.16 | 4.61 | 4.05 | 3.72 | 21.14 | 21.46 | 17.25 | 14.37 | 75.39 | 42.36 | — | 108.66 | — | — | — | 91.09 | 6.17 |
Based on the provided data, let's analyze the activity ratios of US Physicalrapy Inc:
1. Inventory Turnover:
- The data for Inventory Turnover is not available for any of the periods mentioned, which indicates a lack of information on how efficiently the company is managing its inventory.
2. Receivables Turnover:
- The Receivables Turnover ratio measures how quickly the company collects its accounts receivable.
- The ratio has shown a consistent trend of around 10 to 11 times per year over the reporting periods, indicating that the company is efficient in collecting its receivables.
3. Payables Turnover:
- The Payables Turnover ratio reflects how quickly the company pays its suppliers.
- The company has shown fluctuations in its Payables Turnover ratio over time, ranging from over 300 to around 80 times per year.
- A higher ratio could indicate that the company is paying its suppliers quickly, while a lower ratio may suggest a potential liquidity issue to pay off its payables.
4. Working Capital Turnover:
- The Working Capital Turnover ratio measures how efficiently the company is utilizing its working capital to generate sales.
- The trend in the Working Capital Turnover ratio shows significant variations over the reporting periods, ranging from single digits to over 100 times per year.
- A high turnover ratio indicates that the company efficiently uses its working capital to generate sales, while a low ratio may suggest inefficiency in working capital management.
Overall, the analysis of these activity ratios provides insights into the efficiency and effectiveness of US Physicalrapy Inc in managing its inventory, receivables, payables, and working capital to support its business operations. More specific conclusions and comparisons with industry averages can be drawn with additional information and context.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 32.10 | 32.23 | 31.78 | 33.02 | 31.30 | 32.70 | 34.12 | 36.28 | 34.27 | 33.51 | 34.94 | 35.01 | 35.22 | 34.72 | 35.10 | 38.86 | 35.85 | 33.82 | 30.17 | 32.54 |
| Number of days of payables | days | 3.96 | 4.43 | 2.95 | 3.60 | 2.94 | 3.48 | 2.90 | 3.41 | 2.73 | 3.79 | 3.35 | 3.01 | 3.16 | 1.51 | 1.86 | 2.22 | 1.47 | 1.16 | 1.90 | 2.86 |
The analysis of US Physicalrapy Inc's activity ratios reveals the following trends:
1. Days of Inventory on Hand (DOH): The company's DOH data is not provided in the dataset for the relevant periods, making it challenging to evaluate the efficiency of inventory management over time.
2. Days of Sales Outstanding (DSO): The DSO shows the average number of days it takes for the company to collect payment after a sale. The trend for US Physicalrapy Inc indicates an improvement in collections efficiency from 32.54 days on March 31, 2020, to 32.10 days on December 31, 2024, with fluctuations but generally maintaining a downward trajectory.
3. Number of Days of Payables: This metric reflects how long the company takes to pay its suppliers. The data shows fluctuations in the number of days payables outstanding for US Physicalrapy Inc, ranging from 1.16 days on September 30, 2020, to 4.43 days on September 30, 2024. The company seems to have varying payment terms with suppliers over the analyzed period.
Overall, while there are fluctuations in the activity ratios of US Physicalrapy Inc, the company appears to have made progress in improving its collections efficiency based on the decreasing DSO trend. However, the lack of DOH data limits a comprehensive assessment of the company's overall activity and inventory management effectiveness.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 20.89 | 24.31 | 23.93 | 23.31 | 23.17 | 22.68 | 23.25 | 23.13 | 22.35 | 21.67 | 21.80 | 21.30 | 21.54 | 22.16 | 21.77 | 19.59 | 19.70 | 19.82 | 19.35 | 20.82 |
| Total asset turnover | 0.58 | 0.63 | 0.61 | 0.60 | 0.61 | 0.59 | 0.58 | 0.66 | 0.64 | 0.68 | 0.66 | 0.67 | 0.66 | 0.78 | 0.63 | 0.57 | 0.72 | 0.74 | 0.75 | 0.80 |
US Physicalrapy Inc's fixed asset turnover has shown a general increasing trend over the years, indicating that the company is becoming more efficient in generating revenue from its fixed assets. The ratio improved from 20.82 in March 2020 to 23.93 in June 2024. This upward trend suggests that the company is effectively utilizing its fixed assets to generate sales.
On the other hand, the total asset turnover ratio fluctuated over the period under review, showing some inconsistency in how efficiently the company is using its total assets to generate sales. The ratio ranged from a low of 0.57 in March 2021 to a high of 0.78 in September 2021. The downward trend from March 2021 to June 2023 followed by a slight recovery indicates that there may be opportunities for US Physicalrapy Inc to improve its overall asset utilization efficiency.
In conclusion, while US Physicalrapy Inc has shown improvements in its fixed asset turnover, there seems to be room for enhancement in its total asset turnover efficiency to ensure optimal utilization of all assets in generating revenue.