The Ensign Group Inc (ENSG)
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 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 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 | 38.67 | 48.21 | 41.62 | 40.17 | |
| Number of days of payables | days | 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 | 9.44 | 7.57 | 8.77 | 9.09 |
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 some variability over the past eight quarters. In Q4 2023, the company's payables were being settled in approximately 11.52 days on average, which is slightly longer compared to the previous quarter at 10.07 days. However, this figure was lower than the same period in the prior year, indicating a potential improvement in the company's payment efficiency. Overall, Ensign Group Inc's number of days of payables has been relatively stable around 10-12 days over the past two years, suggesting effective management of its accounts payable obligations.
Peer comparison
Dec 31, 2023