Privia Health Group Inc (PRVA)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Payables turnover | 182.63 | 22.68 | 94.16 | |
| Number of days of payables | days | 2.00 | 16.09 | 3.88 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 182.63
= 2.00
To analyze Privia Health Group Inc's number of days of payables over the past three years, we can observe an increasing trend from 6.21 days at the end of 2021 to 14.55 days at the end of 2023. This trend indicates that the company is taking longer to pay its suppliers or vendors.
An increase in the number of days of payables can suggest a potential cash flow improvement for the company, as it may be effectively managing its working capital by extending payment terms. However, excessively lengthening payables periods could strain relationships with suppliers if not managed carefully.
Overall, the rise in the number of days of payables for Privia Health Group Inc warrants further investigation into the company's cash management strategies and supplier relationships to ensure financial sustainability and operational efficiency.
Peer comparison
Dec 31, 2023