Addus HomeCare Corporation (ADUS)

Number of days of payables

		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
Payables turnover		36.96	44.24	44.48	41.47	39.99	44.13	39.30	39.03	41.25	33.56	31.73	31.28	30.39	41.25	40.31	37.61	31.27	38.75	38.54	40.31
Number of days of payables	days	9.88	8.25	8.21	8.80	9.13	8.27	9.29	9.35	8.85	10.88	11.50	11.67	12.01	8.85	9.05	9.71	11.67	9.42	9.47	9.06

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 36.96
= 9.88

By analyzing Addus HomeCare Corporation's number of days of payables over the past eight quarters, we can observe a fluctuating trend. In Q4 2023, the number of days of payables was 13.30 days, showing an increase from the previous quarter. This indicates that the company took longer to pay its suppliers compared to Q3 2023 when the number of days of payables was 11.10 days.

Looking further back, in Q2 2023 and Q1 2023, the number of days of payables stood at 11.04 days and 11.89 days, respectively, showing relatively consistent payment practices during that period.

Comparing the most recent data to the same quarter in the previous year, there has been a slight increase in the number of days of payables from Q4 2022 (12.38 days) to Q4 2023 (13.30 days).

Overall, it is essential for Addus HomeCare Corporation to monitor and manage its payables effectively to ensure timely payments to suppliers while maintaining healthy cash flow and financial stability.