US Physicalrapy Inc (USPH)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 483,293 | 441,120 | 377,840 | 328,519 | 369,495 |
| Payables | US$ in thousands | 3,898 | 3,300 | 3,268 | 1,335 | 2,494 |
| Payables turnover | 123.98 | 133.67 | 115.62 | 246.08 | 148.15 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $483,293K ÷ $3,898K
= 123.98
The payables turnover ratio for U.S. Physical Therapy, Inc. has been consistently reported as 0.00 for the past five years (from 2019 to 2023). This indicates that the company is not effectively managing its accounts payable in terms of paying off its suppliers or vendors within a given period.
A payables turnover ratio of 0.00 implies that the company is either taking a very long time to pay its bills or not making any payments at all, which can have implications for its relationships with suppliers, potential cash flow issues, and even its credit terms.
Further investigation into the reasons behind this consistently low payables turnover ratio is warranted to understand the company's cash management practices, supplier relationships, and overall financial health.
Peer comparison
Dec 31, 2023