Mednax Inc (MD)

Payables turnover

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cost of revenue US$ in thousands 255,361 265,109 293,457 330,348 598,872
Payables US$ in thousands 34,588 31,857 36,645 59,771 35,410
Payables turnover 7.38 8.32 8.01 5.53 16.91

December 31, 2023 calculation

Payables turnover = Cost of revenue ÷ Payables
= $255,361K ÷ $34,588K
= 7.38

The payables turnover ratio for Pediatrix Medical Group Inc for the past five years indicates a consistent value of 0.00. A payables turnover ratio of 0.00 suggests that the company is not effectively managing its accounts payable during these periods. This could be due to a variety of reasons such as extended payment terms negotiated with suppliers, inefficient inventory management, or potential financial distress. It is essential for the company to improve its payables turnover ratio to ensure better cash flow management and optimize working capital efficiency. Further analysis of the company's payables process and financial position is recommended to identify the root cause of the consistently low payables turnover ratio and implement corrective measures.


Peer comparison

Dec 31, 2023

Company name
Symbol
Payables turnover
Mednax Inc
MD
7.38
Encompass Health Corp
EHC
16.86
Select Medical Holdings
SEM
35.06