Privia Health Group Inc (PRVA)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,439,458 | 319,013 | 261,203 | 203,458 | 152,687 | 929,139 | 664,556 | 546,454 | 280,064 | |||
| Payables | US$ in thousands | 7,882 | 7,138 | 5,359 | 6,950 | 6,731 | 5,208 | 6,521 | 8,463 | 2,973 | 3,266 | 4,517 | 3,806 |
| Payables turnover | 182.63 | 44.69 | 48.74 | 29.27 | 22.68 | 178.41 | 101.91 | 64.57 | 94.20 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,439,458K ÷ $7,882K
= 182.63
Payables turnover is a financial ratio that measures how efficiently a company manages its accounts payable by comparing the average accounts payable balance to the cost of goods sold. A higher payables turnover ratio typically indicates that a company is paying off its suppliers more quickly.
Analyzing Privia Health Group Inc's payables turnover ratio based on the provided data shows some fluctuations over the past eight quarters. The payables turnover ratio ranged from 22.34 to 33.98 during this period, with the highest value recorded in Q2 2023.
The increasing trend in payables turnover from Q1 2022 to Q2 2023 suggests that Privia Health Group Inc has been improving its payment efficiency to suppliers. However, the ratio slightly decreased in Q4 2023 compared to the previous quarter.
Overall, the payables turnover ratio for Privia Health Group Inc indicates that the company is managing its payables effectively, with a consistent ability to pay off suppliers in a timely manner. It is essential for investors and stakeholders to continue monitoring this ratio to assess the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023