RadNet Inc (RDNT)

Number of days of payables

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Payables turnover 1.33 1.01 1.04 1.08 1.31
Number of days of payables days 273.85 361.94 351.75 339.18 279.14

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.33
= 273.85

The number of days of payables for RadNet Inc has shown an increasing trend over the past five years according to the data provided. In December 31, 2020, the company took approximately 279.14 days to pay its liabilities, which increased to 339.18 days by December 31, 2021. The trend continued with the number of days of payables reaching 351.75 days by December 31, 2022, further increasing to 361.94 days by December 31, 2023. However, there was a significant decrease in the number of days of payables to 273.85 days by December 31, 2024.

The average number of days of payables over the five-year period was approximately 321.17 days. This indicates that RadNet Inc generally takes around 321 days on average to pay its payables. The increase in the number of days of payables could signify that the company is taking longer to settle its obligations to suppliers or vendors. It is essential for the company to manage its payables effectively to maintain good relationships with suppliers and optimize working capital efficiency.