HCA Holdings Inc (HCA)
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 | 29,986,000 | 29,503,000 | 28,857,000 | 28,394,000 | 28,270,000 | 28,169,000 | 28,360,000 | 27,985,000 | 27,339,000 | 26,643,000 | 25,676,000 | 24,570,000 | 24,396,000 | 24,064,000 | 23,942,000 | 24,467,000 | 23,986,000 | 23,331,000 | 22,706,000 | 22,132,000 |
| Payables | US$ in thousands | 4,233,000 | 4,139,000 | 3,823,000 | 3,769,000 | 4,239,000 | 4,161,000 | 3,742,000 | 4,010,000 | 4,111,000 | 3,759,000 | 3,531,000 | 3,524,000 | 3,535,000 | 3,270,000 | 2,882,000 | 2,750,000 | 2,905,000 | 2,610,000 | 2,609,000 | 2,693,000 |
| Payables turnover | 7.08 | 7.13 | 7.55 | 7.53 | 6.67 | 6.77 | 7.58 | 6.98 | 6.65 | 7.09 | 7.27 | 6.97 | 6.90 | 7.36 | 8.31 | 8.90 | 8.26 | 8.94 | 8.70 | 8.22 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $29,986,000K ÷ $4,233,000K
= 7.08
The payables turnover ratio for HCA Healthcare Inc has been consistently reported as 0.00 for all quarters documented in the table provided. This indicates that the company is not effectively utilizing its accounts payable to pay off its suppliers during these periods. A payables turnover ratio of 0.00 may suggest that the company is taking an extended time to settle its accounts payable, which could potentially strain supplier relationships and impact its cash flow management. Further investigation into the company's payables management processes and financial health may be warranted to understand the reasons behind the consistently low payables turnover.
Peer comparison
Dec 31, 2023