Addus HomeCare Corporation (ADUS)

Number of days of payables

		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
Payables turnover		38.97	37.15	50.23	45.04	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
Number of days of payables	days	9.37	9.82	7.27	8.10	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

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 38.97
= 9.37

The number of days of payables for Addus HomeCare Corporation has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The company started with a relatively high number of days of payables at 9.71 days on March 31, 2020, which then slightly decreased to 9.05 days on June 30, 2020.

The trend continued with a further decline in the number of days of payables reaching 8.85 days by September 30, 2020. However, by December 31, 2020, there was a notable increase to 12.01 days, before gradually decreasing again in the following quarters.

The period from March 31, 2021, to June 30, 2022, saw the number of days of payables fluctuating between 8.80 days and 11.67 days. From September 30, 2022, to December 31, 2024, the number of days of payables remained relatively stable, ranging from 7.27 days to 9.88 days.

Overall, the number of days of payables for Addus HomeCare Corporation indicates the average number of days the company takes to pay its suppliers. The fluctuations observed in this metric may be influenced by various factors, including changes in the company's payment terms, supplier relationships, and cash flow management practices.