Encompass Health Corp (EHC)
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 | 2,866,100 | 2,792,200 | 2,727,300 | 2,869,800 | 3,021,800 | 3,219,600 | 3,350,100 | 3,278,400 | 3,179,800 | 3,082,600 | 3,012,600 | 2,945,100 | 2,934,000 | 2,918,200 | 2,935,000 | 2,948,000 | 2,907,500 | 2,852,700 | 2,774,100 | 2,699,300 |
| Payables | US$ in thousands | 170,000 | 165,400 | 155,800 | 141,100 | 132,900 | 134,100 | 138,300 | 147,300 | 134,000 | 149,400 | 145,100 | 122,800 | 115,000 | 119,600 | 93,100 | 98,000 | 94,600 | 101,400 | 95,600 | 94,700 |
| Payables turnover | 16.86 | 16.88 | 17.51 | 20.34 | 22.74 | 24.01 | 24.22 | 22.26 | 23.73 | 20.63 | 20.76 | 23.98 | 25.51 | 24.40 | 31.53 | 30.08 | 30.73 | 28.13 | 29.02 | 28.50 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,866,100K ÷ $170,000K
= 16.86
Based on the data provided, the payables turnover ratio for Encompass Health Corp has consistently been recorded as 0.00 across all quarters in the years 2022 and 2023. This indicates that during these periods, the company's accounts payable turnover was either extremely low or possibly non-existent.
A payables turnover ratio of 0.00 suggests that the company is taking an extended period to pay its suppliers or may not be actively managing its accounts payable. It could also potentially indicate inefficiencies in the company's payables management process or significant changes in payables levels relative to its cost of goods sold.
Further analysis and investigation into the company's payables management practices and financial health may be required to better understand the reasons behind the consistently low payables turnover ratio.
Peer comparison
Dec 31, 2023