Tenet Healthcare Corporation (THC)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.31 | 8.37 | 9.65 | 9.87 | 10.16 | |
| Number of days of payables | days | 39.22 | 43.62 | 37.81 | 36.96 | 35.92 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.31
= 39.22
To analyze Tenet Healthcare Corp.'s number of days of payables, we need the accounts payable and cost of revenue data for each respective year. Without this information, we are unable to calculate and interpret the number of days of payables for the years mentioned. The number of days of payables is a key metric that can provide insights into how long the company takes to pay its suppliers. A decreasing trend in the number of days of payables could indicate that the company is managing its payables more efficiently, whereas an increasing trend may signal potential liquidity issues or strained supplier relations. It is important to consider this ratio in conjunction with other financial metrics to gain a comprehensive understanding of Tenet Healthcare Corp.'s financial performance and working capital management.
Peer comparison
Dec 31, 2023