Enhabit Inc. (EHAB)
Number of days of payables
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|
| Payables turnover | 143.38 | 198.75 | 220.13 | 176.03 | ||||
| Number of days of payables | days | 2.55 | 1.84 | 1.66 | 2.07 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 143.38
= 2.55
Based on the data provided for Enhabit Inc., the number of days of payables has shown some variability over the past four quarters. The number of days of payables on December 31, 2023, was 2.55 days, indicating that, on average, it takes the company approximately 2.55 days to pay its suppliers or vendors. This was higher compared to the previous quarter where the number of days of payables was 1.84 days.
The trend in the number of days of payables suggests that the company was able to extend its payment period in the most recent quarter compared to the previous one. This could potentially indicate improved cash flow management or negotiating better credit terms with suppliers.
Overall, it is important to continue monitoring the number of days of payables to ensure that the company maintains a healthy cash flow position while effectively managing its supplier relationships.
Peer comparison
Dec 31, 2023