RadNet Inc (RDNT)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 1.26 | — | — | — | 0.91 | — | — | — | 1.02 | — | — | — | 1.05 | — | — | — | 1.29 | — | — | — | |
| Number of days of payables | days | 290.83 | — | — | — | 399.64 | — | — | — | 357.96 | — | — | — | 346.01 | — | — | — | 283.55 | — | — | — |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.26
= 290.83
The number of days of payables for RadNet Inc has shown fluctuations over the years based on the provided data. As of December 31, 2024, RadNet Inc had 290.83 days of payables, indicating the average number of days it takes the company to pay its suppliers for goods and services purchased on credit.
It is essential to note that a lower number of days of payables suggests that the company pays its suppliers more quickly, while a higher number of days indicates that the company takes longer to settle its payables. In this case, RadNet Inc's number of days of payables has varied significantly, reaching as high as 399.64 days on December 31, 2023.
Analyzing the trend in the number of days of payables can provide insights into RadNet Inc's working capital management practices, supplier relations, and overall financial health. A company may extend its payables to manage cash flow effectively, but excessively long payables periods may indicate liquidity issues or strained relationships with suppliers. Further analysis of RadNet Inc's payables turnover ratio and comparison with industry benchmarks can offer a more comprehensive understanding of the company's financial performance.
Peer comparison
Dec 31, 2024