DaVita HealthCare Partners Inc (DVA)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,245,510 | 2,087,800 | 1,875,950 | 1,878,020 | 1,843,360 |
| Payables | US$ in thousands | 514,533 | 479,780 | 402,049 | 434,253 | 403,840 |
| Payables turnover | 4.36 | 4.35 | 4.67 | 4.32 | 4.56 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $2,245,510K ÷ $514,533K
= 4.36
The payables turnover ratio for DaVita Inc has been consistently reported as 0.00 for the past five years (from 2019 to 2023). This indicates that the company is not effectively managing its accounts payable in relation to its cost of sales during these years. A low or zero payables turnover ratio may suggest that DaVita Inc is not efficiently utilizing its trade credit terms with suppliers or is not paying its bills in a timely manner. Further investigation into the company's payables management practices and supplier relationships may be necessary to address this issue and improve efficiency in handling accounts payable.
Peer comparison
Dec 31, 2023