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.
Peer comparison
Dec 31, 2023