Universal Health Services Inc (UHS)
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 | 15.23 | — | — | — | 14.15 | — | — | — | 12.52 | — | — | — | 12.99 | — | — | — | 16.46 | — | — | — | |
| Number of days of payables | days | 23.97 | — | — | — | 25.80 | — | — | — | 29.15 | — | — | — | 28.10 | — | — | — | 22.18 | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.23
= 23.97
As the data for the number of days of payables for Universal Health Services, Inc. is not provided in the table, it is not possible to perform a specific analysis of this ratio for the company over the given time periods. The number of days of payables is a financial metric typically used to assess how many days, on average, a company takes to pay its suppliers for goods or services received.
To calculate the number of days of payables, the following formula can be used:
Number of days of payables = (Accounts Payable / Cost of Goods Sold) x 365
A lower number of days of payables generally indicates that the company is paying its suppliers more quickly, which could potentially strain its cash flow. On the other hand, a higher number of days of payables may suggest that the company is taking longer to pay its suppliers, which could sometimes be seen as advantageous as it allows the company to hold onto cash for a longer period.
Analyzing the number of days of payables over time can provide insights into the company's liquidity management, working capital efficiency, and vendor relationships. It is essential to compare this metric with industry benchmarks and historical data to evaluate trends and potential areas for improvement.
Peer comparison
Dec 31, 2023