AMN Healthcare Services Inc (AMN)

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		10.04	10.12	11.93	8.98	9.65	10.42	9.92	8.18	8.24	10.50	10.31	9.12	13.37	10.38	11.19	8.85	9.47	10.60	11.55	9.48
Number of days of payables	days	36.37	36.06	30.59	40.67	37.84	35.04	36.79	44.61	44.27	34.76	35.40	40.03	27.30	35.16	32.63	41.26	38.54	34.44	31.59	38.50

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 shown some fluctuations over the past eight quarters. In Q4 2023, the company had an average of 7.78 days of payables, which decreased from the previous quarter Q3 2023 where it was 9.44 days. This reduction may indicate that the company is taking less time to pay its suppliers, potentially improving liquidity or negotiating more favorable payment terms.

Comparing Q4 2023 to the same quarter the previous year, Q4 2022, the number of days of payables has slightly decreased from 8.08 days to 7.78 days. This suggests that the company has made some improvements in managing its payables over the year.

It's important to note that a lower number of days of payables could positively impact the company's cash flow and working capital management. However, a significant decrease could also indicate challenges related to supplier relationships or the timing of payments. Further analysis of the company's overall financial health and operational efficiency would be necessary to fully assess the implications of these changes in the number of days of payables.