AMN Healthcare Services Inc (AMN)

Payables turnover

		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
Cost of revenue (ttm)	US$ in thousands	3,450,822	3,672,963	3,908,646	4,252,080	4,596,130	4,784,340	4,554,091	4,069,292	3,506,235	2,983,493	2,689,755	2,479,363	2,244,449	1,587,628	1,620,168	1,549,592	1,478,642	1,478,446	1,440,584	1,455,968
Payables	US$ in thousands	343,847	362,907	327,538	473,764	476,452	459,237	458,985	497,297	425,257	284,094	260,894	271,903	167,881	152,935	144,824	175,188	156,140	139,505	124,672	153,566
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

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,450,822K ÷ $343,847K
= 10.04

The payables turnover ratio measures how many times a company pays off its accounts payable during a specific period. A higher payables turnover ratio typically indicates that a company is managing its payables efficiently.

Analyzing the payables turnover data for AMN Healthcare Services Inc. from Q1 2022 to Q4 2023, we observe fluctuations in the ratio over the period. The figures range from a low of 35.22 in Q1 2022 to a high of 53.59 in Q2 2023.

The ratio peaked at 53.59 in Q2 2023, suggesting that AMN Healthcare Services Inc. was able to pay off its accounts payable almost 54 times over the course of that quarter. This indicates a strong ability to manage and settle its outstanding payables promptly.

On the other hand, the lowest payables turnover ratio was 35.22 in Q1 2022, potentially indicating a longer payment cycle during that period. However, it improved over time, with relatively consistent ratios between Q2 2022 and Q3 2023.

Overall, the fluctuation in the payables turnover ratio for AMN Healthcare Services Inc. over the analyzed period suggests varying levels of efficiency in managing its accounts payable. Further analysis and comparison with industry standards or historical data could provide more insights into the company's working capital management and supplier relationships.