US Physicalrapy Inc (USPH)
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 | 483,293 | 472,359 | 463,099 | 453,656 | 441,120 | 430,419 | 413,695 | 396,484 | 377,840 | 369,282 | 349,756 | 321,705 | 332,259 | 333,322 | 346,633 | 377,008 | 369,495 | 353,225 | 339,232 | 319,687 |
| Payables | US$ in thousands | 3,898 | 4,509 | 3,674 | 4,233 | 3,300 | 4,471 | 3,793 | 3,272 | 3,268 | 1,532 | 1,782 | 1,955 | 1,335 | 1,060 | 1,802 | 2,950 | 2,494 | 2,863 | 2,426 | 1,894 |
| Payables turnover | 123.98 | 104.76 | 126.05 | 107.17 | 133.67 | 96.27 | 109.07 | 121.17 | 115.62 | 241.05 | 196.27 | 164.55 | 248.88 | 314.45 | 192.36 | 127.80 | 148.15 | 123.38 | 139.83 | 168.79 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $483,293K ÷ $3,898K
= 123.98
The payables turnover ratio for U.S. Physical Therapy, Inc. has been consistently reported as 0.00 in each of the last eight quarters. This indicates that the company is not effectively utilizing its accounts payable to manage its supplier relationships or optimize its working capital. A low or zero payables turnover ratio may suggest that the company is not paying its suppliers in a timely manner or may not have significant credit purchases. It is important to further analyze the company's payment practices and supplier relationships to understand the reasons behind the consistently low payables turnover ratio and its potential impact on the company's overall financial performance and liquidity.
Peer comparison
Dec 31, 2023