R1 RCM Inc (RCM)
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 | ||
|---|---|---|---|---|---|---|---|---|
| Payables turnover | 75.45 | 85.62 | 64.21 | 59.07 | ||||
| Number of days of payables | days | 4.84 | 4.26 | 5.68 | 6.18 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 75.45
= 4.84
The number of days of payables for R1 RCM Inc. has shown varying trends over the past quarters. In Q4 2023, the company's payables were at 4.68 days, which increased slightly from 4.16 days in the previous quarter (Q3 2023). Comparing this to Q2 2023 and Q1 2023, where the number of days of payables were 5.54 days and 5.67 days respectively, there has been a slight decrease in the latest period.
However, when looking at a longer time frame, there has been a significant improvement in managing payables. For instance, in Q4 2022 and Q3 2022, the number of days of payables were higher at 8.44 days and 6.94 days respectively. The company significantly reduced its payables period in Q4 2023 compared to the same period a year ago.
Moreover, there was a spike in the number of days of payables in Q2 2022 at 16.94 days, which was significantly higher compared to the recent quarters. It is worth noting that the company managed to bring down this number drastically in the following periods.
Overall, the trend in the number of days of payables for R1 RCM Inc. shows a relatively stable and improving position, indicating efficient management of its payables, which is essential for maintaining healthy working capital levels.
Peer comparison
Dec 31, 2023