Here are 30 benchmarks on cash, equivalents and liquidity from VMG Health's 2018 Multi-Specialty ASC Benchmarking Study.
The study is based on 2016 and 2017 data from over 275 centers, encompassing a surgical case volume of over 1.3 million.
Days accounts receivable outstanding
1. Mean: 36.8
2. 25th percentile: 26.3
3. Median: 31.7
4. 75th percentile: 42.9
5. 90th percentile: 57.8
Net working capital
6. Mean: $1,623,000
7. 25th percentile: $719,000
8. Median: $1,283,000
9. 75th percentile: $2,138,000
10. 90th percentile: $3,133,000
Percent of net operating revenue
11. Mean: 13.7 percent
12. 25th percentile: 9.1 percent
13. Median: 13.7 percent
14. 75th percentile: 17.6 percent
15. 90th percentile: 22.9 percent
Net working capital less cash
16. Mean: $640,000
17. 25th percentile: $235,000
18. Median: $507,000
19. 75th percentile: $953,000
20. 90th percentile: $1,466,000
Percent of net operating revenue
21. Mean: 5.5 percent
22. 25th percentile: 3 percent
23. Median: 5.7 percent
24. 75th percentile: 8.6 percent
25. 90th percentile: 11 percent
Current ratio
26. Mean: 3.6
27. 25th percentile: 2.2
28. Median: 3
29. 75th percentile: 4.3
30. 90th percentile: 6