Adapthealth Corp (AHCO)

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		12.85	15.81	11.84	8.65	11.47	10.13	11.57	10.24	8.02	8.64	5.81	5.16	4.70	7.61	8.05	5.91	5.56	10,209.14	9,842.03	18,351.56
Number of days of payables	days	28.41	23.09	30.83	42.18	31.81	36.03	31.54	35.65	45.50	42.25	62.81	70.80	77.60	47.93	45.33	61.80	65.63	0.04	0.04	0.02

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.85
= 28.41

To analyze AdaptHealth Corp's number of days of payables, we can observe a fluctuating trend over the past eight quarters. The number of days of payables has ranged from a low of 27.51 days in Q3 2023 to a high of 42.22 days in Q1 2023. This indicates that the company's ability to pay its suppliers within a certain timeframe has varied.

On average, AdaptHealth Corp takes approximately 32 days to pay its payables. The decrease in the number of days of payables from Q1 2023 to Q2 2023 may suggest that the company has become more efficient in managing its payables. However, the subsequent increase in Q3 2023 raises the question of the factors influencing this change.

Further analysis of the company's payment policies and cash flow management may be necessary to understand the reasons behind these fluctuations and assess the impact on the company's financial health and liquidity position.