Amedisys Inc (AMED)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 91.97 | 58.28 | 64.03 | 54.69 | 69.40 | |
| Number of days of payables | days | 3.97 | 6.26 | 5.70 | 6.67 | 5.26 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 91.97
= 3.97
The number of days of payables for Amedisys Inc. has shown fluctuation over the past five years. As of December 31, 2023, the company took approximately 8.27 days on average to pay its obligations to suppliers, marking a decrease from the prior year. In 2022, the number of days of payables was higher at 12.67 days, but still lower than the levels seen in 2020 and 2019. This indicates that the company has been managing its payables more efficiently in recent years. However, it is important to monitor this metric closely to ensure that the company maintains a balance between timely payments to suppliers and optimizing cash flow.
Peer comparison
Dec 31, 2023