The Ensign Group Inc (ENSG)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,605,895 | 3,540,780 | 3,416,701 | 3,316,083 | 3,206,033 | 2,994,548 | 2,843,159 | 2,669,273 | 2,514,953 | 2,415,626 | 2,327,347 | 2,250,556 | 2,173,075 | 2,123,079 | 2,071,016 | 2,028,814 | 1,999,438 | 1,746,959 | 1,757,850 | 1,762,830 |
| Payables | US$ in thousands | 98,947 | 90,274 | 88,652 | 82,635 | 92,811 | 77,091 | 78,207 | 81,466 | 77,087 | 63,495 | 60,414 | 56,850 | 58,116 | 57,206 | 58,700 | 53,942 | 50,901 | 50,971 | 42,694 | 40,917 |
| 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 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,605,895K ÷ $98,947K
= 36.44
The payables turnover ratio measures how efficiently a company manages its accounts payable by calculating how many times a company pays off its suppliers in a given period. A higher payables turnover ratio indicates more frequent payments to suppliers.
Analyzing The Ensign Group Inc's payables turnover ratio over time, we observe fluctuations in the ratio from March 31, 2020, to December 31, 2024. The ratio ranged from a high of 43.08 on March 31, 2020, to a low of 32.62 on December 31, 2022.
The payables turnover ratio saw a general decline from the initial period to the mid-point of the observation period. This trend may suggest a decrease in the frequency of paying off suppliers during this period. However, from June 30, 2022, to December 31, 2024, the ratio showed a slight recovery, indicating an improvement in the efficiency of managing accounts payable towards the end of the period.
Overall, The Ensign Group Inc's payables turnover ratio exhibited fluctuations but remained relatively stable over the period, with a slight upward trend towards the latter part of the observation period. An in-depth analysis of the company's payment practices and relationships with suppliers could provide further insights into the factors driving these fluctuations in the payables turnover ratio.
Peer comparison
Dec 31, 2024