HealthStream Inc (HSTM)
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 | 192,109 | 206,405 | 205,748 | 204,017 | 200,767 | 202,694 | 201,224 | 200,207 | 199,721 | 192,516 | 191,441 | 190,285 | 188,035 | 188,064 | 190,083 | 170,940 | 150,948 | 122,617 | 95,605 | 90,091 |
| Payables | US$ in thousands | 7,465 | 3,519 | — | — | 7,287 | — | — | — | 5,126 | — | — | — | 9,333 | — | — | — | 4,810 | — | — | — |
| Payables turnover | 25.73 | 58.65 | — | — | 27.55 | — | — | — | 38.96 | — | — | — | 20.15 | — | — | — | 31.38 | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $192,109K ÷ $7,465K
= 25.73
Based on the available data for Healthstream Inc's payables turnover, we observe significant fluctuations in the value over the quarters provided. In Q4 2023, the payables turnover ratio stands at 12.73, indicating that the company is taking approximately 12.73 days to pay off its accounts payable.
Comparing this to the previous quarter, there was a notable decrease in efficiency, as the payables turnover ratio was significantly higher at 26.87 in Q3 2023. This suggests that Healthstream Inc took longer to pay its suppliers in Q4 2023 compared to Q3 2023.
Looking back at Q1 2023 and Q4 2022, where data is available, we see a similar pattern with the payables turnover ratio hovering around 12.51 in Q4 2022 and an unknown value in Q1 2023. The lack of data for Q2 and Q3 2022 makes it challenging to provide a more comprehensive trend analysis.
Overall, based on the available information, a more consistent payables turnover ratio trend would be beneficial for Healthstream Inc to manage its accounts payable effectively and maintain healthier relationships with its suppliers.
Peer comparison
Dec 31, 2023