Acadia Healthcare Company Inc (ACHC)
Payables turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,937,203 | 1,854,899 | 1,801,763 | 1,731,502 | 1,665,771 | 1,661,384 | 1,588,263 | 1,555,566 | 1,503,078 | 744,093 | 986,463 | 1,153,255 | 1,367,517 | 1,884,906 | 1,835,767 | 1,842,936 | 1,824,351 | 2,107,851 | 2,083,003 | 2,055,327 |
| Payables | US$ in thousands | 156,132 | 149,874 | 148,896 | 125,729 | 104,723 | 116,045 | 111,479 | 104,209 | 98,575 | 85,924 | 87,223 | 91,505 | 87,815 | 130,395 | 118,799 | 134,693 | 90,257 | 131,472 | 115,651 | 116,666 |
| Payables turnover | 12.41 | 12.38 | 12.10 | 13.77 | 15.91 | 14.32 | 14.25 | 14.93 | 15.25 | 8.66 | 11.31 | 12.60 | 15.57 | 14.46 | 15.45 | 13.68 | 20.21 | 16.03 | 18.01 | 17.62 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,937,203K ÷ $156,132K
= 12.41
The payables turnover ratio for Acadia Healthcare Company Inc has been consistently reported as zero for each quarter from Q1 2022 to Q4 2023. This indicates that the company is not efficiently managing its accounts payables during this period. A payables turnover ratio of zero suggests that the company is not utilizing its accounts payables effectively to fund its operations or that there may be issues with the company's payables management. It is crucial for the company to assess its payables management practices and seek opportunities to improve this ratio to enhance its overall financial efficiency.