RadNet Inc (RDNT)
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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 0.91 | — | — | — | 1.02 | — | — | — | 1.05 | — | — | — | 1.29 | — | — | — | 15.55 | — | — | — | |
| Number of days of payables | days | 399.64 | — | — | — | 357.96 | — | — | — | 346.01 | — | — | — | 283.55 | — | — | — | 23.48 | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.91
= 399.64
Radnet Inc's number of days of payables shows an increase to 32.15 days in Q4 2023 compared to 29.64 days in Q4 2022. This indicates that the company takes approximately 32 days to pay its suppliers, which may suggest a lengthening of the payment period. The lack of data for the previous quarters makes it challenging to observe any trend or pattern over time. Additionally, the increase in the number of days of payables could potentially signal a more conservative approach in managing the company's cash flow or a change in the company's payment terms with suppliers. Further analysis and comparison with industry benchmarks would provide valuable insights into Radnet Inc's payables management strategies.
Peer comparison
Dec 31, 2023