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
MD
5.62
Encompass Health Corp
EHC
16.86
Select Medical Holdings
SEM
35.06