US Physicalrapy Inc (USPH)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 671,345 | 604,802 | 553,144 | 495,022 | 422,969 |
| Receivables | US$ in thousands | 59,040 | 51,866 | 51,934 | 47,772 | 41,906 |
| Receivables turnover | 11.37 | 11.66 | 10.65 | 10.36 | 10.09 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $671,345K ÷ $59,040K
= 11.37
The receivables turnover ratio for US Physicalrapy Inc has been on a gradually increasing trend over the past five years. In 2020, the ratio stood at 10.09 and consistently improved to 11.37 by the end of 2024. This indicates that the company is collecting its accounts receivable more efficiently each year. A higher receivables turnover ratio signifies that the company is able to convert its outstanding receivables into cash more rapidly, which is a positive indicator of effective credit management and liquidity. Overall, the increasing trend in receivables turnover suggests US Physicalrapy Inc's ability to efficiently manage and collect on its outstanding customer payments over the years, contributing to its operational strength.
Peer comparison
Dec 31, 2024