US Physicalrapy Inc (USPH)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 547,424 | 483,293 | 441,120 | 377,840 | 328,519 |
| Payables | US$ in thousands | 5,936 | 3,898 | 3,300 | 3,268 | 1,335 |
| Payables turnover | 92.22 | 123.98 | 133.67 | 115.62 | 246.08 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $547,424K ÷ $5,936K
= 92.22
The payables turnover ratio of US Physicalrapy Inc has exhibited a fluctuating trend over the years. In December 31, 2020, the payables turnover stood at 246.08, indicating that the company was able to efficiently manage its accounts payable by paying off its suppliers 246.08 times during that year. However, there was a significant decline in payables turnover by December 31, 2024, with a ratio of 92.22. This suggests that the company took longer to pay its suppliers relative to the prior years.
Overall, the decreasing trend in payables turnover may imply a potential strain on liquidity or a change in the company's payment policies. Further investigation into the underlying reasons for this decline is recommended to better understand the financial management practices of US Physicalrapy Inc.
Peer comparison
Dec 31, 2024