National HealthCare Corporation (NHC)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 879,151 | 830,263 | 798,421 | 792,153 | 775,790 | 750,463 | 741,504 | 740,868 | 743,581 | 756,829 | 742,223 | 724,307 | 698,729 | 678,669 | 676,807 | 683,001 | 683,307 | 680,116 | 677,091 | 663,967 |
| Payables | US$ in thousands | 40,844 | 41,539 | 40,000 | 40,685 | 37,563 | 32,059 | 30,179 | 29,619 | 33,589 | 34,939 | 44,159 | 43,161 | 40,083 | 49,946 | 39,177 | 31,687 | 37,566 | 35,532 | 36,266 | 33,882 |
| 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 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $879,151K ÷ $40,844K
= 21.52
National HealthCare Corporation's payables turnover has fluctuated over the past several years. The ratio has shown a general declining trend from March 31, 2020, to September 30, 2021, indicating that the company took longer to pay its suppliers during this period. However, there was a notable increase in the payables turnover ratio from March 31, 2021, to March 31, 2023, suggesting an improvement in the company's efficiency in paying its obligations.
From March 31, 2023, to December 31, 2024, the payables turnover ratio remained relatively stable, with fluctuations within a moderate range. This stability may indicate that National HealthCare Corporation has found a balance in managing its payables effectively.
Overall, the payables turnover ratio provides insights into the company's liquidity and operational efficiency in managing its accounts payable. The upward trend observed in recent quarters suggests that the company has been more effective in managing its payables, which can positively impact its working capital management and overall financial health.
Peer comparison
Dec 31, 2024