Adapthealth Corp (AHCO)

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		9.05	8.39	9.86	12.11	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
Number of days of payables	days	40.35	43.50	37.01	30.14	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

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.05
= 40.35

The number of days of payables for Adapthealth Corp has shown fluctuation over the reported periods. The trend in the number of days of payables indicates the average number of days the company takes to pay its suppliers or vendors.

From March 31, 2020, to December 31, 2022, the number of days of payables ranged between 31.54 days to 77.60 days, showing some variability in the company's payment practices. However, from March 31, 2023, to December 31, 2024, the number of days of payables decreased consistently from 42.18 days to 40.35 days.

The decreasing trend in the number of days of payables from 2023 to 2024 suggests that Adapthealth Corp is possibly improving its efficiency in managing its payables and paying its suppliers in a more timely manner. This may indicate better working capital management and potentially improved relationships with suppliers.