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