Healthcare Services Group Inc (HCSG)
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 | 1,449,749 | 1,417,559 | 1,430,383 | 1,445,591 | 1,454,680 | 1,474,471 | 1,473,811 | 1,485,453 | 1,496,336 | 1,506,756 | 1,494,684 | 1,451,725 | 1,415,082 | 1,390,053 | 1,390,674 | 1,441,780 | 1,492,317 | 1,526,839 | 1,559,800 | 1,572,768 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,449,749K ÷ $—K
= —
The payables turnover ratio for Healthcare Services Group Inc is not available for the periods up to December 31, 2024, as indicated by the absence of data in the provided JSON. The payables turnover ratio is a financial metric that measures how efficiently a company manages its accounts payable by comparing the total purchases made on credit to the average accounts payable balance.
In the absence of specific data on payables turnover, it is challenging to assess the effectiveness of Healthcare Services Group Inc in managing its accounts payable and the company's relationship with its suppliers. A high payables turnover ratio typically indicates that the company is paying off its suppliers quickly, which can be beneficial for maintaining good relationships and potentially negotiating better terms in the future. Conversely, a low payables turnover ratio may suggest that the company is taking longer to pay its suppliers, which could result in strained relationships or missed opportunities for early payment discounts.
Given the importance of payables turnover in assessing a company's liquidity and operational efficiency, it is recommended to monitor this ratio over time to gain insights into Healthcare Services Group Inc's financial health and management of its working capital.