Privia Health Group Inc (PRVA)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 182.63 | 44.69 | 48.74 | 29.27 | 22.68 | 178.41 | 101.91 | 64.57 | 94.20 | ||||
| Number of days of payables | days | 2.00 | 8.17 | 7.49 | 12.47 | 16.09 | 2.05 | 3.58 | 5.65 | 3.87 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 182.63
= 2.00
Privia Health Group Inc's number of days of payables has shown fluctuations over the past eight quarters. In Q4 2023, the number of days of payables was 14.55 days, slightly higher compared to Q3 2023 at 13.81 days. The trend over the last two quarters has been relatively stable compared to earlier quarters, where there were more significant variations in the number of days of payables.
Overall, the company's payables are being managed efficiently, with the number of days of payables generally staying below 15 days. Lower numbers of days of payables can indicate that the company is effectively managing its supplier payments and cash flow. However, it is essential for the company to strike a balance between managing payables efficiently and maintaining good relationships with suppliers to ensure the continuity of the supply chain. Continued monitoring of this ratio will be crucial to assess the company's ability to meet its financial obligations while optimizing working capital management.
Peer comparison
Dec 31, 2023