Tenet Healthcare Corporation (THC)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 12,963,000 | 12,952,000 | 12,834,000 | 12,595,000 | 12,393,000 | 12,148,000 | 12,137,000 | 12,339,000 | 12,403,000 | 12,555,000 | 12,445,000 | 11,781,000 | 11,722,000 | 11,590,000 | 11,620,000 | 12,069,000 | 12,017,000 | 12,239,000 | 12,125,000 | 12,084,000 |
| Payables | US$ in thousands | 1,408,000 | 1,202,000 | 1,246,000 | 1,192,000 | 1,504,000 | 1,240,000 | 1,083,000 | 1,114,000 | 1,300,000 | 1,100,000 | 1,084,000 | 1,103,000 | 1,207,000 | 1,025,000 | 1,018,000 | 1,079,000 | 1,204,000 | 1,125,000 | 1,088,000 | 1,101,000 |
| Payables turnover | 9.21 | 10.78 | 10.30 | 10.57 | 8.24 | 9.80 | 11.21 | 11.08 | 9.54 | 11.41 | 11.48 | 10.68 | 9.71 | 11.31 | 11.41 | 11.19 | 9.98 | 10.88 | 11.14 | 10.98 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $12,963,000K ÷ $1,408,000K
= 9.21
The payables turnover ratio for Tenet Healthcare Corp. has been consistently reported as zero across all quarters from Q1 2022 to Q4 2023. This indicates that the company is not effectively managing its accounts payable by paying off its suppliers quickly enough relative to the cost of goods sold during these periods. A consistently low or zero payables turnover ratio may suggest inefficiencies in managing supplier payments, potential liquidity issues, or an inability to negotiate favorable payment terms with suppliers. Further analysis and investigation into the company's payables management practices and financial health may be warranted to address these concerns and improve operational efficiency.
Peer comparison
Dec 31, 2023