Acadia Healthcare Company Inc (ACHC)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,937,200 | 1,665,770 | 1,500,260 | 1,367,520 | 2,071,310 |
| Payables | US$ in thousands | 156,132 | 104,723 | 98,575 | 87,815 | 90,257 |
| Payables turnover | 12.41 | 15.91 | 15.22 | 15.57 | 22.95 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,937,200K ÷ $156,132K
= 12.41
The payables turnover ratio for Acadia Healthcare Company Inc for the years 2019 to 2023 is consistently reported as 0.00. A payables turnover ratio of 0.00 indicates that the company did not have any payable turnover during these years. This could be due to several reasons, such as the company not having any accounts payables, having a very low level of purchases on credit, or having a significant amount of payables outstanding that were not turned over during the periods in question.
It is important to note that while a payables turnover ratio of 0.00 may not necessarily be negative, it does raise questions about the company's working capital management and efficiency in managing its payables. Further analysis of the company's financial statements and other relevant factors would be necessary to gain a deeper understanding of the reasons behind the consistent 0.00 payables turnover ratio for Acadia Healthcare Company Inc.
Peer comparison
Dec 31, 2023