Concentra Group Holdings Parent, Inc. (CON)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,558,804 | 1,483,773 | 1,410,205 | 1,362,622 |
| Payables | US$ in thousands | 19,752 | — | — | — |
| Payables turnover | 78.92 | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,558,804K ÷ $19,752K
= 78.92
The payables turnover ratio for Concentra Group Holdings Parent, Inc. was not available for the first three quarters of 2024 but was reported as 78.92 for the fourth quarter ending on December 31, 2024. This indicates that the company's payables turnover improved significantly in the fourth quarter.
A high payables turnover ratio suggests that the company is efficiently managing its accounts payable by paying off its suppliers quickly. This can be seen as a positive sign, as it may indicate good relationships with suppliers and could potentially lead to discounts or better credit terms in the future.
However, it is important to consider the industry norms and compare this ratio with the company's historical performance to get a better understanding of the trend and overall financial health.
Peer comparison
Dec 31, 2024