Adapthealth Corp (AHCO)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.86 | 11.47 | 8.10 | 4.70 | 5.56 | |
| Number of days of payables | days | 28.38 | 31.81 | 45.06 | 77.60 | 65.63 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.86
= 28.38
The number of days of payables for AdaptHealth Corp has shown a decreasing trend over the past five years. In 2023, the company's number of days of payables stood at 28.38 days, a decrease from 31.81 days in 2022, 45.06 days in 2021, 77.60 days in 2020, and 65.67 days in 2019.
A lower number of days of payables indicates that the company is taking fewer days to pay off its creditors, which can be a positive sign as it may suggest efficient management of working capital and strong relationships with suppliers.
This trend suggests that AdaptHealth Corp has been improving its payment practices over the years, potentially benefiting from negotiated payment terms with suppliers or streamlining its accounts payable processes. This decreasing trend in the number of days of payables can also positively impact the company's liquidity position and overall financial health.
Peer comparison
Dec 31, 2023