The Ensign Group Inc (ENSG)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 34.54 | 32.62 | 37.39 | 39.28 | 38.67 | |
| Number of days of payables | days | 10.57 | 11.19 | 9.76 | 9.29 | 9.44 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 34.54
= 10.57
The number of days of payables for Ensign Group Inc has shown a relatively stable trend over the past five years, ranging from 9.96 to 11.95 days. The company takes around 10 to 12 days on average to pay its suppliers, indicating a balanced approach to managing its accounts payable. The slight increase in days of payables in the most recent year could suggest a potential slowdown in payment to suppliers, which may have implications for vendor relationships and cash flow management. However, further analysis of the company's overall working capital management and liquidity position would be necessary to fully assess the impact of this trend.
Peer comparison
Dec 31, 2023