US Physicalrapy Inc (USPH)
Working capital 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 |
| Total current assets | US$ in thousands | 137,583 | 204,870 | 201,677 | 221,142 | 233,375 | 228,499 | 241,799 | 117,794 | 111,266 | 112,892 | 121,846 | 95,843 | 95,166 | 79,424 | 79,699 | 75,798 | 87,636 | 82,644 | 92,139 | 148,672 |
| Total current liabilities | US$ in thousands | 116,283 | 115,300 | 107,099 | 102,536 | 102,185 | 82,356 | 85,816 | 90,833 | 85,489 | 81,488 | 85,105 | 89,020 | 83,481 | 81,668 | 75,379 | 90,825 | 93,492 | 93,200 | 87,353 | 71,149 |
| 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 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $671,345K ÷ ($137,583K – $116,283K)
= 31.52
US Physicalrapy Inc's working capital turnover has shown significant variation over the reported periods. The ratio, which measures how efficiently the company utilizes its working capital to generate revenue, ranged from a low of 3.72 to a high of 108.66.
The working capital turnover ratio started at 6.17 on March 31, 2020, indicating that for every dollar of working capital, the company generated $6.17 of revenue. The ratio then saw a substantial increase to 91.09 by June 30, 2020, before data gaps were observed for subsequent quarters.
Upon the resumption of data reporting, the working capital turnover ratio reached its peak at 108.66 on June 30, 2021, showcasing a significant improvement in efficiency. Subsequently, the ratio fluctuated, with values ranging from 14.37 to 31.52 by December 31, 2024.
Overall, the company's working capital turnover ratio reflects varying degrees of efficiency in managing its working capital to drive revenue generation during the reporting periods. Further analysis and comparison with industry benchmarks may provide additional insights into the company's financial performance.
Peer comparison
Dec 31, 2024