Privia Health Group Inc (PRVA)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,439,490 | 152,684 | 279,946 |
| Payables | US$ in thousands | 7,882 | 6,731 | 2,973 |
| Payables turnover | 182.63 | 22.68 | 94.16 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,439,490K ÷ $7,882K
= 182.63
The payables turnover ratio measures how efficiently a company manages its accounts payable by comparing its cost of goods sold to its average accounts payable balance.
Privia Health Group Inc's payables turnover has been relatively stable over the past three years, with values of 25.08 in 2023, 25.38 in 2022, and 58.77 in 2021. A high payables turnover ratio generally indicates that the company is paying its suppliers quickly.
In 2021, Privia Health Group had a significantly higher payables turnover ratio compared to the following years, suggesting that the company might have implemented a more aggressive accounts payable payment strategy. However, the ratio decreased in 2022 and 2023, which could indicate a slowdown in the pace of paying off suppliers.
Overall, while the payables turnover ratios for Privia Health Group Inc have shown variations, they generally suggest that the company efficiently manages its accounts payable by quickly settling its obligations to suppliers.
Peer comparison
Dec 31, 2023