Enhabit Inc. (EHAB)
Payables turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,089,700 | 1,192,500 | 1,188,700 | 1,091,400 | |||
| Payables | US$ in thousands | 7,600 | 6,000 | 5,400 | 6,200 | 3,800 | 3,400 | 2,800 |
| Payables turnover | 143.38 | 198.75 | 220.13 | 176.03 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,089,700K ÷ $7,600K
= 143.38
The payables turnover for Enhabit Inc. has shown variability over the last four quarters. In June 2022, the company had a payables turnover of 220.13, which then decreased to 198.75 in September 2022 before further declining to 143.38 in December 2023. However, there was a slight increase in the payables turnover to 176.03 in March 2023.
The decreasing trend in payables turnover could indicate that the company is taking longer to pay its suppliers, potentially signaling liquidity issues or strained supplier relationships. It is essential for Enhabit Inc. to closely monitor its payables turnover and ensure timely payments to maintain good relationships with suppliers and sustain healthy cash flow management.
Peer comparison
Dec 31, 2023