National HealthCare Corporation (NHC)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 21.52 | 19.99 | 19.96 | 19.47 | 20.65 | 23.41 | 24.57 | 25.01 | 22.14 | 21.66 | 16.81 | 16.78 | 17.43 | 13.59 | 17.28 | 21.55 | 18.19 | 19.14 | 18.67 | 19.60 | |
| Number of days of payables | days | 16.96 | 18.26 | 18.29 | 18.75 | 17.67 | 15.59 | 14.86 | 14.59 | 16.49 | 16.85 | 21.72 | 21.75 | 20.94 | 26.86 | 21.13 | 16.93 | 20.07 | 19.07 | 19.55 | 18.63 |
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 fluctuations over the reported periods. It ranged from a low of 14.59 days on March 31, 2023, to a high of 26.86 days on September 30, 2021, indicating variability in the company's ability to pay its suppliers. This metric decreased gradually from September 2021 to September 2022 before experiencing a slight uptick on December 31, 2022. However, it then decreased consistently through the following reporting periods, reaching 16.96 days on December 31, 2024.
The downward trend in the number of days of payables may suggest that National HealthCare Corporation has been managing its payable obligations more efficiently over time, potentially improving its cash flow and liquidity position. A lower number of days of payables implies that the company is taking fewer days to pay its suppliers, which can be a positive indicator of effective working capital management. Overall, a decreasing trend in this ratio is often viewed favorably by investors and analysts as it reflects better financial health and operational effectiveness within the organization.
Peer comparison
Dec 31, 2024