US Physicalrapy Inc (USPH)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 547,424 | 523,789 | 506,965 | 492,915 | 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 |
| Payables | US$ in thousands | 5,936 | 6,361 | 4,100 | 4,866 | 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 |
| Payables turnover | 92.22 | 82.34 | 123.65 | 101.30 | 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 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $547,424K ÷ $5,936K
= 92.22
The payables turnover ratio represents the efficiency of a company in managing its accounts payable by measuring how quickly it pays off its suppliers.
Analyzing US Physicalrapy Inc's payables turnover ratio over the past years shows fluctuations in the company's ability to manage its payables effectively. The payables turnover ratio ranged from a high of 314.45 in September 2020 to a low of 82.34 in September 2024.
A high payables turnover ratio indicates that the company is efficiently paying off its suppliers, while a low ratio suggests a longer payment period. It is essential to strike a balance between paying suppliers promptly to maintain good relationships and maximizing available cash.
US Physicalrapy Inc should monitor its payables turnover ratio regularly to ensure it remains at an optimal level, reflecting effective management of accounts payable and healthy supplier relationships.
Peer comparison
Dec 31, 2024