AMN Healthcare Services Inc (AMN)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.04 | 9.65 | 8.24 | 13.37 | 9.47 | |
| Number of days of payables | days | 36.37 | 37.84 | 44.27 | 27.30 | 38.54 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.04
= 36.37
The number of days of payables for AMN Healthcare Services Inc. has fluctuated over the past five years. As of December 31, 2023, the company took approximately 7.78 days to pay its outstanding payables, which is a decrease from the previous year. In comparison to December 31, 2022, where it took 8.08 days to settle payables, the company has improved its payment efficiency.
Looking further back, in December 31, 2021, the number of days of payables was 10.55 days, indicating a longer period required to settle outstanding obligations. However, in the years 2020 and 2019, the company managed its payables more efficiently, requiring only 6.40 days and 6.66 days, respectively.
Overall, a lower number of days of payables indicates that the company is settling its obligations more quickly, which can be a positive sign of strong cash flow management. Monitoring this trend over time can provide valuable insights into the company's financial health and efficiency in managing its working capital.
Peer comparison
Dec 31, 2023