Astrana Health Inc (ASTH)
Number of days of payables
| Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | — | — | 36.14 | 73.31 | 73.71 | 67.26 | 27.38 | 53.17 | 61.72 | 61.82 | 63.48 | 58.58 | 74.36 | 73.67 | 104.14 | 86.77 | |
| Number of days of payables | days | — | — | — | — | — | — | 10.10 | 4.98 | 4.95 | 5.43 | 13.33 | 6.86 | 5.91 | 5.90 | 5.75 | 6.23 | 4.91 | 4.95 | 3.50 | 4.21 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for Astrana Health Inc has shown some fluctuations over the past few quarters. As of March 31, 2022, Astrana Health Inc took approximately 4.95 days to pay its accounts payable, indicating a relatively efficient payables management strategy. This was a slight increase from the previous quarter's number of days of payables.
It is worth noting that Astrana Health Inc's number of days of payables has generally been trending downwards since September 2022, suggesting a potential improvement in the company's ability to manage its payment obligations more effectively. This trend aligns with better working capital management practices, where shorter payment cycles can lead to improved cash flow and liquidity.
Overall, a lower number of days of payables indicates that the company is paying its suppliers more quickly, which can sometimes indicate strong vendor relationships. However, it is essential for Astrana Health Inc to strike a balance in managing its payables efficiently while ensuring cash flow adequacy for other operational needs.