Tenet Healthcare Corporation (THC)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 13,105,000 | 12,586,000 | 12,549,000 | 11,919,000 | 12,233,000 |
| Payables | US$ in thousands | 1,408,000 | 1,504,000 | 1,300,000 | 1,207,000 | 1,204,000 |
| Payables turnover | 9.31 | 8.37 | 9.65 | 9.87 | 10.16 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $13,105,000K ÷ $1,408,000K
= 9.31
The payables turnover ratio for Tenet Healthcare Corp. shows as 0.00 for each of the years from 2019 to 2023. A payables turnover ratio of 0.00 indicates that the company has not generated any payments to its suppliers during these years. This could be due to a variety of reasons, such as changes in payment terms, delays in paying suppliers, or effectively managing its payables.
A low or decreasing payables turnover ratio can sometimes indicate inefficiencies in managing accounts payable, suggesting that the company is taking longer to pay its suppliers. However, in this case, a payables turnover ratio of 0.00 across multiple years may also signal data reporting issues or other unique circumstances that require further investigation to understand the company's payables management practices.
It is essential for Tenet Healthcare Corp. to further analyze its payables turnover ratio and underlying factors to ensure effective cash flow management and healthy vendor relationships. Further context or supplementary information would be needed to accurately evaluate the company's payables turnover performance.
Peer comparison
Dec 31, 2023