Mednax Inc (MD)

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	194,478	251,511	252,970	261,460	265,109	258,115	270,374	284,771	293,457	291,044	320,557	328,868	393,616	467,227	1,938,150	2,046,361	2,300,584	2,272,136	803,481	713,967
Payables	US$ in thousands	34,588	31,696	30,992	35,333	31,857	27,136	30,234	30,315	36,645	34,361	40,658	59,069	59,771	60,956	48,982	47,519	35,410	38,329	32,386	32,149
Payables turnover		5.62	7.94	8.16	7.40	8.32	9.51	8.94	9.39	8.01	8.47	7.88	5.57	6.59	7.66	39.57	43.06	64.97	59.28	24.81	22.21

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $194,478K ÷ $34,588K
= 5.62

The payables turnover ratio for Pediatrix Medical Group Inc has consistently been 0.00 across all quarters from Q1 2022 to Q4 2023. This indicates that the company is not effectively managing its accounts payable during this period. A low or zero payables turnover ratio could suggest that the company is not paying its suppliers in a timely manner or may have inefficient cash flow management. It is important for the company to reassess its payables management practices to ensure better liquidity and stronger relationships with suppliers.

Peer comparison

Dec 31, 2023

Company name

Symbol

Payables turnover

Mednax Inc

5.62

Encompass Health Corp

EHC

16.86

Select Medical Holdings

SEM

35.06