US Physicalrapy Inc (USPH)

Liquidity 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
Current ratio 1.18 1.78 1.88 2.16 2.28 2.77 2.82 1.30 1.30 1.39 1.43 1.08 1.14 0.97 1.06 0.83 0.94 0.89 1.05 2.09
Quick ratio 0.86 1.51 1.56 1.86 2.03 2.48 2.55 1.01 1.01 1.10 1.16 0.83 0.91 0.80 0.87 0.70 0.80 0.75 0.91 1.86
Cash ratio 0.36 1.01 1.05 1.32 1.52 1.84 1.91 0.39 0.40 0.49 0.57 0.27 0.34 0.23 0.27 0.20 0.35 0.32 0.50 1.26

US Physicalrapy Inc's liquidity ratios show fluctuations over the past few years. The current ratio, which measures the company's ability to cover short-term liabilities with its current assets, has varied from a low of 0.83 on March 31, 2021, to a high of 2.82 on June 30, 2023. Generally, the current ratio has been improving since 2021, indicating a stronger ability to meet short-term obligations.

The quick ratio, a more stringent measure of liquidity that excludes inventory from current assets, has also shown fluctuations. The quick ratio ranged from a low of 0.70 on March 31, 2021, to a peak of 2.55 on June 30, 2023. This ratio has generally improved over time, suggesting an enhanced ability to cover immediate liabilities without relying on inventory sales.

The cash ratio, which provides the most conservative measure of liquidity by considering only cash and cash equivalents to cover current liabilities, has varied significantly. The cash ratio ranged from 0.20 on March 31, 2021, to a high of 1.91 on June 30, 2023. This ratio indicates that the company had a stronger cash position relative to its current liabilities during certain periods.

Overall, the trends in US Physicalrapy Inc's liquidity ratios demonstrate improvements in its ability to meet short-term obligations and suggests a more robust liquidity position in recent periods. It is essential for the company to maintain these positive trends to ensure its financial health and stability in the future.

Additional liquidity measure

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
Cash conversion cycle days 28.14 27.80 28.83 29.42 28.36 29.21 31.22 32.87 31.54 29.72 31.59 32.00 32.07 33.20 33.24 36.64 34.38 32.66 28.27 29.68

The cash conversion cycle of US Physicalrapy Inc has shown fluctuations over the past few years. The cycle measures the time it takes for the company to convert its investments in inventory and other resources into cash flows from sales. A shorter cash conversion cycle is generally favorable as it indicates that the company is able to more quickly recover its cash invested in operations.

Analyzing the data provided, we observe that the cash conversion cycle for US Physicalrapy Inc fluctuated between a range of approximately 27 to 37 days over the period from March 31, 2020, to December 31, 2024. The cycle decreased from 29.68 days on March 31, 2020, to a low of 27.80 days on September 30, 2024, before slightly increasing to 28.14 days on December 31, 2024.

The decreasing trend in the cash conversion cycle from 2020 to 2024 suggests that the company has been more efficient in managing its working capital and converting its assets into cash. A lower cash conversion cycle indicates that the company is improving its liquidity position and may have better cash flow management.

Overall, the trend in the cash conversion cycle of US Physicalrapy Inc reflects efforts to streamline operational processes and optimize working capital management. Further monitoring and analysis of this metric will be essential to assess the company's efficiency in managing its cash flows and working capital effectively.