Healthcare Services Group Inc (HCSG)
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 | 19.63 | 23.32 | 24.94 | 25.42 | 24.03 | 24.52 | 24.77 | 25.36 | 24.72 | 31.00 | 30.47 | 33.64 | 31.53 | 31.08 | 28.73 | 28.22 | 32.47 | 30.34 | 31.12 | 31.16 | |
| Number of days of payables | days | 18.59 | 15.65 | 14.63 | 14.36 | 15.19 | 14.89 | 14.73 | 14.39 | 14.76 | 11.78 | 11.98 | 10.85 | 11.58 | 11.74 | 12.70 | 12.93 | 11.24 | 12.03 | 11.73 | 11.71 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 19.63
= 18.59
Healthcare Services Group, Inc.'s number of days of payables has shown a slight increase in Q4 2023 compared to the previous quarter, reaching 20.85 days. This indicates that the company takes approximately 20.85 days to pay off its payables. The trend over the past quarters has been relatively stable, with a range of 15.83 to 20.85 days.
A higher number of days of payables may suggest that Healthcare Services Group, Inc. is taking longer to settle its outstanding bills and obligations to suppliers, possibly indicating a strained liquidity position or a deliberate strategy to manage cash flow more effectively. It is crucial for the company to monitor and manage this metric to ensure that payment terms are in line with industry standards and do not strain relationships with suppliers.