Adapthealth Corp (AHCO)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.06 | 12.18 | 11.47 | 8.10 | 4.70 | |
| Number of days of payables | days | 40.27 | 29.97 | 31.81 | 45.06 | 77.60 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.06
= 40.27
The number of days of payables for Adapthealth Corp has shown a decreasing trend over the years, indicating that the company is taking less time to pay its suppliers. As of December 31, 2020, the company took 77.60 days on average to settle its payables, which decreased to 45.06 days by December 31, 2021. Subsequently, by December 31, 2022, the number of days reduced further to 31.81 days, and by December 31, 2023, it decreased to 29.97 days. However, by the end of December 31, 2024, there was a slight increase in the number of days of payables to 40.27 days, but it still remained lower compared to the previous periods. This trend suggests that Adapthealth Corp has been managing its payables more efficiently, potentially improving its liquidity position and relationships with its suppliers.
Peer comparison
Dec 31, 2024