Abbott Laboratories (ABT)

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		7.31	8.01	7.54	7.73	7.15	7.92	7.13	6.63	7.02	7.51	7.28	6.67	6.54	7.69	7.21	7.62	7.37	7.82	7.27	7.70
Number of days of payables	days	49.95	45.60	48.42	47.21	51.08	46.10	51.16	55.06	52.00	48.61	50.14	54.75	55.82	47.46	50.60	47.92	49.53	46.70	50.22	47.39

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.31
= 49.95

Abbott Laboratories' number of days of payables has shown some fluctuations over the past eight quarters. In Q4 2023, the number of days of payables was 87.21 days, which indicates that, on average, it takes the company approximately 87.21 days to pay its suppliers. This was an increase from the previous quarter (Q3 2023) where the number of days of payables was 80.27 days.

Comparing to the same quarter in the previous year, there was a slight decrease in the number of days of payables in Q4 2023 (87.21 days) compared to Q4 2022 (87.85 days). This suggests a potential improvement in the company's efficiency in managing its payables over this period.

Overall, Abbott Laboratories' number of days of payables has been relatively stable, with some fluctuations from quarter to quarter. It is important to monitor this metric to assess the company's liquidity position and its ability to effectively manage its working capital.