Concentra Group Holdings Parent, Inc. (CON)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|---|
| Payables turnover | 78.92 | — | — | — | |
| Number of days of payables | days | 4.63 | — | — | — |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 78.92
= 4.63
The number of days of payables for Concentra Group Holdings Parent, Inc. as of December 31, 2024, stands at 4.63 days. This indicates that, on average, the company takes approximately 4.63 days to pay its trade payables. A lower number of days of payables suggests that the company is managing its accounts payable efficiently, possibly taking advantage of early payment discounts or negotiating favorable credit terms with its suppliers. However, it is essential to consider industry norms and historical trends to evaluate the significance of this metric further in the context of the company's overall financial performance and liquidity management.
Peer comparison
Dec 31, 2024