National HealthCare Corporation (NHC)
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 | 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 | 655,330 | 656,389 | 656,557 | 658,551 |
| Payables | US$ in thousands | 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 | 34,011 | 34,604 | 32,536 | 35,611 |
| Payables turnover | 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 | 19.27 | 18.97 | 20.18 | 18.49 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $775,790K ÷ $37,563K
= 20.65
Based on the data provided, it appears that National Healthcare Corp. has consistently reported a payables turnover ratio of 0.00 for the past 8 quarters. A payables turnover ratio of 0.00 indicates that the company is not effectively managing its accounts payable. This may suggest that National Healthcare Corp. is not efficiently leveraging its supplier credit terms or may be experiencing difficulties in paying its suppliers on time. A consistently low or zero payables turnover ratio may have implications for the company's liquidity and working capital management. Further analysis and investigation into the company's payables management practices are recommended to understand the reasons behind the consistently low turnover ratio and to assess the potential impact on the company's financial health.
Peer comparison
Dec 31, 2023