Concentra Group Holdings Parent, Inc. (CON)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,595,710 | 1,398,700 | 1,316,170 | 1,304,060 |
| Payables | US$ in thousands | 19,752 | — | — | — |
| Payables turnover | 80.79 | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,595,710K ÷ $19,752K
= 80.79
The payables turnover ratio for Concentra Group Holdings Parent, Inc. gradually improved from an unreported figure in 2021 to 80.79 in 2024. This indicates that the company is managing its accounts payable more efficiently over time. A higher payables turnover ratio suggests that the company is paying off its suppliers at a faster rate, which could potentially lead to better relationships with suppliers and improved liquidity. However, it would be beneficial to compare this ratio with industry benchmarks and historical performance to gain a deeper insight into the company's payables management efficiency.
Peer comparison
Dec 31, 2024