DaVita HealthCare Partners Inc (DVA)
Payables turnover
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,245,510 | 2,196,458 | 2,191,013 | 2,129,720 | 2,087,799 | 2,011,506 | 1,915,202 | 1,896,587 | 1,875,950 | 1,721,955 | 1,804,413 | 1,810,218 | 1,781,346 | 1,874,747 | 1,867,238 | 1,821,233 | 1,843,356 | 1,871,690 | 1,815,483 | 1,802,182 |
| Payables | US$ in thousands | 514,533 | 435,417 | 427,894 | 447,969 | 479,780 | 417,139 | 402,308 | 433,137 | 402,049 | 387,712 | 376,264 | 348,105 | 434,253 | 388,504 | 357,283 | 340,092 | 403,840 | 332,136 | 388,955 | 365,192 |
| Payables turnover | 4.36 | 5.04 | 5.12 | 4.75 | 4.35 | 4.82 | 4.76 | 4.38 | 4.67 | 4.44 | 4.80 | 5.20 | 4.10 | 4.83 | 5.23 | 5.36 | 4.56 | 5.64 | 4.67 | 4.93 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,245,510K ÷ $514,533K
= 4.36
The payables turnover ratio for DaVita Inc has consistently been reported as 0.00 for each quarter from Q1 2022 to Q4 2023. This indicates that the company is not efficiently managing its accounts payables in relation to its purchases. A payables turnover ratio of 0.00 suggests that DaVita Inc is not paying its suppliers or vendors in a timely manner, potentially leading to strained relationships with creditors and suppliers. Further investigation into the reasons behind this consistently low ratio is warranted to determine any potential risks or issues related to the company's payables management practices.
Peer comparison
Dec 31, 2023