National HealthCare Corporation (NHC)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 21.52 | 20.65 | 22.14 | 17.43 | 18.19 | |
| Number of days of payables | days | 16.96 | 17.67 | 16.49 | 20.94 | 20.07 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 21.52
= 16.96
The number of days of payables for National HealthCare Corporation has shown a slight fluctuation over the years. As of December 31, 2020, the company took approximately 20.07 days to pay its outstanding invoices. This figure increased marginally to 20.94 days by December 31, 2021. However, in the following years, there was a notable improvement in the efficiency of payables management, with the number of days decreasing to 16.49 days as of December 31, 2022, and further to 17.67 days by December 31, 2023. The trend continued positively, with the number of days of payables standing at 16.96 days as of December 31, 2024. Overall, the decreasing trend in the number of days of payables reflects an enhanced ability of the company to manage its payments efficiently and optimize its working capital management.
Peer comparison
Dec 31, 2024