The Ensign Group Inc (ENSG)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 36.44 | 39.22 | 38.54 | 40.13 | 34.54 | 38.84 | 36.35 | 32.77 | 32.62 | 38.04 | 38.52 | 39.59 | 37.39 | 37.11 | 35.28 | 37.61 | 39.28 | 34.27 | 41.17 | 43.08 | |
| Number of days of payables | days | 10.02 | 9.31 | 9.47 | 9.10 | 10.57 | 9.40 | 10.04 | 11.14 | 11.19 | 9.59 | 9.47 | 9.22 | 9.76 | 9.83 | 10.35 | 9.70 | 9.29 | 10.65 | 8.86 | 8.47 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 36.44
= 10.02
The number of days of payables for The Ensign Group Inc has shown some fluctuation over the period from March 31, 2020, to December 31, 2024. The company's payment cycle ranged from a low of 8.47 days on March 31, 2020, to a high of 11.19 days on December 31, 2022, indicating that the company took between approximately 8 to 11 days, on average, to pay its suppliers and vendors.
Overall, the average number of days of payables appears to have remained relatively consistent, with minor variations observed throughout the period. The metric peaked at 11.19 days on December 31, 2022, but then decreased to 9.10 days by March 31, 2024.
It is essential for investors and analysts to monitor the number of days of payables as it provides insights into the company's payment practices and liquidity management. A lower number of days of payables may suggest efficient cash management, while a higher number may indicate potential liquidity issues or delays in vendor payments.
Peer comparison
Dec 31, 2024