US Physicalrapy Inc (USPH)
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 | 671,345 | 645,699 | 627,673 | 611,968 | 604,802 | 591,183 | 580,778 | 569,949 | 553,144 | 541,795 | 528,086 | 514,358 | 495,022 | 488,399 | 469,431 | 426,360 | 426,709 | 425,613 | 435,939 | 478,455 |
| Receivables | US$ in thousands | 59,040 | 57,022 | 54,659 | 55,363 | 51,866 | 52,958 | 54,285 | 56,647 | 51,934 | 49,747 | 50,549 | 49,335 | 47,772 | 46,456 | 45,144 | 45,394 | 41,906 | 39,439 | 36,029 | 42,649 |
| 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $671,345K ÷ $59,040K
= 11.37
The receivables turnover of US Physicalrapy Inc has shown a relatively stable trend over the period from March 31, 2020, to December 31, 2024. The company's receivables turnover ratio ranged from a low of 9.39 on March 31, 2021, to a high of 12.10 on June 30, 2020. This indicates that on average, the company collected its accounts receivable approximately 9.39 to 12.10 times a year during the period analyzed.
Overall, the receivables turnover for US Physicalrapy Inc averaged around 10.80 over the period, suggesting that the company effectively managed its accounts receivable during this time frame. A higher receivables turnover ratio generally indicates that the company is efficient in collecting payments from its customers, which is a positive sign of liquidity and potentially effective credit management practices. Conversely, a declining or low receivables turnover ratio may signal potential issues with collections or an extension of credit terms that could lead to cash flow problems.
It is important for US Physicalrapy Inc to continue monitoring and managing its receivables turnover ratio to ensure optimal working capital management and financial stability. Any significant deviations from the trend observed should be investigated further to address potential challenges or capitalize on opportunities for improvement.
Peer comparison
Dec 31, 2024